Billionaire boom: Where the money is now

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Nearly 35% of the world’s billionaires are concentrated in 20 cities, only two of which are in the United States. Despite that, the U.S. has the highest number of billionaires, accounting for close to 25% of the world’s total billionaire population.

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NEW YORK, N.Y. — The world has 155 new billionaires, pushing the worldwide total to 2,325.

That’s a 7 percent jump from 2013, according to the 2014 “Billionaire Census” from Wealth-X and UBS.

So who is your standard billionaire? According to the report, the typical billionaire has about $3.1 billion, is 63 years old, and did not reach the $1 billion threshold until their late 40s.

Almost 90 percent of them are married, and, on average, have two kids a piece.

They like to hang with other billionaires: They have relationships with nine ultra-high net worth individuals, three of whom are billionaires.

They’re mostly male: Just 286 of them are women.

They’re self-made: About 87 percent of male billionaires have at least partly made their wealth themselves. Though it’s a different story for the women — just 35 percent made it themselves. For the rest, it came through inheritance.

They own a lot of stuff: The typical billionaire owns four properties, each worth an average of $23.5 million. About 35 percent of billionaires have their own private philanthropic foundations, and one in thirty billionaires owns a sports team or a race horse.

Education isn’t required: Not all billionaires have a wall full of degrees. In fact, the report states that 35 percent of global billionaires do not have bachelor’s degrees.

For those who did go to college, University of Pennsylvania tops the list of schools with most billionaire undergraduate alumni.

Unsurprisingly, Harvard, Yale and University of Southern California follow, but University of Mumbai and Moscow State University aren’t far behind. However, 16 of the top 20 are in the United States.

And where do they live?: Nearly 35 percent of the world’s billionaires are concentrated in 20 cities, only two of which are in the United States. Despite that, the U.S. has the highest number of billionaires, accounting for close to 25 percent of the world’s total billionaire population.

This year alone, there were 57 new American billionaires.

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