The state that has mostly billionaires is neither America nor Germany

Boom stock markets, increased real estate prices and large front economic growth have caused the wealth of the world's richest people in 2017 to rise by about 19% compared to a year ago, reaching a record of $8.9 billion. This is taught by a newly released study of the PWC Consultation Association and the Swiss UBS Bank, which has expanded the data bank.

Billions around the globe are growing richer. Their number, however, is limited to a total of 2158 men and women sharing this vast wealth, which translated into the euro means that it is more than double the annual economic productivity of Germany, the largest economy in Europe2017: nearly 3.3 billion euros. On average, that means approximately $4.1 billion for each super rich.

Richer Chinese

It's China, mostly since years, is marking the climb in this direction. In 2017 the rich people of China had the largest worldwide growth with a plus 39% worth of $1.12 billion. The study numbers 373 Chinese, currently belonging to the billionaires Club a year ago, the number of Chinese billionaires was 318. The extremely wealthy Chinese at about a age of 55 is, on average, younger than the rest of the billionaires in the world who are about 64.

Even in Germany, the number of billionaires in one year has increased from 117 to currently 123. According to these data, the growth quota in Germany is 5% higher compared to the European level. One of the five billionaires in Europe is from Germany.

Many billionaires are active as entrepreneurs, and in Germany it is often from”, says Maximilian Kunkel, chief of the bank deposit strategy in managing Swiss bank property in Germany. Success promises entrepreneurship commitments in the area of consumption, inmobility and biotechnology.

It's a help when ancestors have decided their wealth. Susanne Klatten and Stefan Quandt, heir to the property and leading BMW shareholders

Rich in His Own Strength

Most affluent Germans under a list of “Managger Magazin” should be major BMW shareholders Stefan Quandt and Susanne Klatten with an asset estimated at about 34 billion euros. Both of the concert heirs have 47 per cent of the automotive producers' shares, they have had a 1.1 billion-euro incident in May this year.

The study notes a growing trend of billionaires, who have by their own power managed with a good business idea to become part of the super club of rich people: out of 332 in 2017 were 199 so - called serfmade billionaires, 89 of them are from China