Where the Big Total Number of Billionaires In the World

Money Is 1 13 45 147 600 A study on the Billionaires of the World

Capitalism is taking some lumps—and not just in the headlines. For only the second year in a decade, both the number of billionaires and their total wealth shrank, prov- ing that even the wealthiest are not immune to economic forces and weak stock Sweden Russia markets. By our latest count there are 2,153 billionaires, 55 fewer than a year ago. Of Iceland Finland those, a record 994, or 46%, are poorer (relatively speaking) than they were last year. Norway In total, the ultra-rich are worth $8.7 trillion, down $400 billion from 2018. Altogether Canada

11% of last year’s list members, or 247 people, dropped out of the ranks, the most United since 2009 at the height of the global financial crisis. Ireland Kingdom GermanyPoland

Ukraine Kazakhstan Asia-Pacific was hardest hit, with 60 fewer 10-figure fortunes. That dip was led by France Hungary Italy Romania China, which has 49 fewer billionaires than a year ago. Europe, the Middle East and Georgia Portugal United States Africa also lost ground. The Americas, driven by a resurgent Brazil, and the U.S. are Spain Greece Turkey Japan China South Korea the only two regions that have more billionaires than they did a year ago. There are Lebanon now a record 607 in the U.S. That includes 14 of the world’s 20 richest. Jeff Bezos is Morocco Israel Kuwait Algeria Nepal again number 1 in the world, followed by Bill Gates at number 2. Egypt Mexico Qatar Hong Kong India Taiwan Saudi Arabia Macau Oman Even with strong headwinds, resourceful and relentless entrepreneurs found new St. Kitts and Nevis Vietnam Philippines ways to get rich: 195 newcomers joined the ranks. The richest newcomer is Colin Thailand Venezuela Nigeria Huang, the founder of Chinese discount web retailer Pinduoduo, which went public Malaysia in the U.S. in July. Other notable new entrants include Spotify’s Daniel Ek and Martin Colombia Lorentzon; Juul Labs' James Monsees and Adam Bowen, Kind Bar’s Daniel Lubetzky Indonesia and cosmetics wunderkind Kylie Jenner, who is the world’s youngest billionaire at Tanzania Singapore Brazil age 21. Peru Angola

They come from every corner of the world—Austria and Slovakia to Australia and Zimbabwe Chile Australia Vietnam—having made their fortunes in every venture imaginable: music and Swaziland makeup, software and sweaters. In all, 195 fresh faces joined the world’s billionaire South Africa ranks this year. Here are a few of the most exceptional. Argentina

Dani Reiss New Zealand

An English major who reluctantly took over his grandfather’s small outerwear com- pany in 2001, Reiss has created the “it” coat of the decade. The Canada Goose CEO marketed his down-filled jackets by giving freebies to people who spent a lot of time in the cold: Bouncers outside of nightclubs, polar explorers and attendees of cold-weather film festivals like the ones in Sundance and Toronto.

His $1,000-plus parkas are now fashion statements, staples on the streets of Sum of Billionaire’s Net Worth in Country of Citizenship London, New York and Tokyo and have a strong celebrity following, including Jenni- fer Lopez, Hugh Jackman and Daniel Craig. The stock has climbed threefold since its public debut two years ago; sales rose 46% to $450 million in 2018. Reiss, 45, has North America Africa Europe kept manufacturing at home as other companies moved offshore: “Making a Canada United States Canada Germany Russia Goose parka in Canada is like making a Swiss watch in Switzerland.” 3,111 153 Nigeria 22 501 421 David Fattal

Born to two Iraqi parents who came to Israel as refugees, Fattal began working in South Africa 19 hotels at age 23 as a receptionist. He toiled in other jobs—bellhop, security guard, salesman—before founding his own hotel company in 1999. “From the day I went into the hotel industry, I fell in love with it,” he says. “There is a glamour to it.” Egypt 18 Starting a business just then in Israel would prove exceptionally tough, especially for a tourism-based one like Fattal's. The Second Intifada conflict with the Palenstinains Swaziland 5 Mexico began in 2000 and lasted for several years. Fattal, however, thrived by targeting 133 France Sweden Spain local, rather than international, tourists and by persuading hotel owners to switch Morocco 4 330 124 119 from global brands to his more affordable one. Algeria 4

Today, Fattal Hotels, which went public in February 2019, owns and operates 40 Zimbabwe 3 locations in Israel and the Leonardo Hotels in Europe. “When you’re approaching the guests, it’s like you are on a stage. You have to be courteous, and I just always felt it Tanzania 2 was my job to maintain the atmosphere for happy people.” Switzerland Austria Turkey Angola 2 107 45 43

St. Kitts and Nevis Kylie Jenner Asia United Kingdom 182

At 21, Jenner is the youngest-ever self-made billionaire, earning a ten-figure fortune China India Japan South Thailand 14 Ukraine 981 127 Ireland Netherlands Cyprus even earlier than Mark Zuckerberg (who joined the billionaires list at 23 in 2008). “I 405 Korea 95 31 20 104 37 didn’t expect anything—I did not foresee the future,” Jenner says. “But [the recogni- tion] feels really good. That’s a nice pat on the back.” She owns 100% of Kylie Cos- Norway Poland Belgium Portugal metics, the three-year-old beauty business that did an estimated $360 million in Italy 36 13 11 5 143 sales last year. Most of the company’s revenue comes from e-commerce. But Kylie Greece Leichestan Czech Republic Finland 9 3 32 Cosmetics also has a new deal with Ulta that put its goods in all the makeup retail- 12 Slovakia 3 Guernsey er’s 1,163 U.S. stores, “so people that would never buy my products—or that aren’t Taiwan Monaco 6 2 Malaysia Israel Hungary Romania 86 2 Iceland my fans—can see them in person.” 62 61 2 1 Hong Kong 320 Oceania Article From Forbes Written by Luisa Kroll and Edited by Kerry A. Dolan

14 Vietnam New South America Kazakhstan Australia 16 Zealand Peru Philippines 114 Brazil 12 Chile 11 Singapore 48 179 37 Oman 71 Lebanon 4 11 Nepal Georgia 5 Colombia United Emirates 2 Indonesia 20 Kuwait 17 Qatar Macau 1 79 Venezuela 5 2 2 Argentina Average Net Wealth of a Billionaire Sorted by Countries (Total Wealth/Billionaires) 11

41 8 17

7

2 Number of billionaires with citizenship 6 # 3 4 607 9 1 1 5 1 13 71 114 98 9 29 35 8 32 4 106 33 5 21 1 3 45 11 54 6 5 22 33 36 Wea lt h (in Billions) 58 10 31 324 1 21 Name 3 7 17 5 6 40 1 2 15 4 1 1 5 2 40 1 6 7 1 2 7 6 6 Av erage 2 25 1 1 4 1 2 1 2 1 2 1

0 d a a d a g y d n y a a d l d t a e a d d an en ey al an on an an ai um ad rus ore an ein am we an an eru aco geri ugal Ital ublic India esia gi ands orea wan P akia ania gary ombia ustri aysia Sp Jap Chile Brazi China Israel Egyp Oman ai ol urk Nep Qatar Nevis France Mexico Ni A ort g K Russia Irel Algeri Cyp ustralia hailan enst etn ezuel Angol T Icel P T Macau Kuwait ov un Zeal Georgi P Swed h Africa Bel Can Vi h K Norway Greec rgentina FinlandUkraineanzania Mon Sl Col Mal on Germ Rep A T hilippines A T Morocco Lebanon Rom H Swazilan h Indon Singap P ZimbabVen Guernsey H Sout Kazakhstan Switzerl Netherl New United States ec Liecht Sout Cz United Kingdom . Kitts and St United Arab Emirates

Sum of Average Wealth (M) for each Countries. The marks are labeled by sum of Billionaires. The Top Billionaires in the World

Je Bezos Bill Gates Warren Bu ett Bernard Arnault Carlos Slim Helu Amancio Ortega Larry Ellison Mark Zuckerberg Michael B. $131 B $96.5 B $82.5 B $76 B $64 B $62.7 B $62.5 B $62.3 B $55.5 B Amazon Microsoft Berkshire Hathaway LVMH Telecom Zara software Facebook Bloomberg LP Age: 55 Age: 64 Age: 89 Age: 70 Age: 79 Age: 83 Age: 75 Age: 35 Age: 77 United States United States United States France Mexico Spain United States United States United States

Larry Page Charles Koch David Koch Mukesh Ambani Sergey Brin Francoise Meyers Jim Walton Alice Walton Rob Walton $50.8 B $50.5 B $50.5 B $50 B $49.8 B $49.3 B $44.6 B $44.4 B $44.3 B Google Koch Industries Koch Industries petrochemicals, oil & gas Google L'Oreal Walmart Walmart Walmart Age: 46 Age: 84 Deceased Age: 62 Age: 46 Age: 66 Age: 71 Age: 70 Age: 75 United States United States United States India United States France United States United States United States

Samuel Vasquez | DES 523.01 | Trogu | SFSU | Fall 2019 As of December 6, 12:00 pm