The world’s Billionaires by Generation

Generation:- What similarities do the world’s billionaires share? What are their differences?

Mark Zuckerberg was born on October 3, 1984. He is a co-founder of Facebook and the oldest of the three Zuckerberg children, MIT dropout brothers. He attended Rensselaer Polytechnic Institute (RPI) in New York City, earning a bachelor’s degree in Computer Science.

Larry Ellison was a college dropout who became the co-founder of Oracle. He earned an MBA from Stanford and then worked as a programmer, and his skills when they hired him to work on the database management system from which it later evolved.

In this infographic from BusinessFinancing.co.uk, we explore some characteristics of billionaires across generations, including their average net worth, top sectors and most common hobbies.

Generation

The World’s Billionaires, by Generation

Using data from Forbes, here is how each generation of the world’s billionaires breaks down.

Silent Generation

·        Born: 1928-1945

·        Average Net Worth: $5.5 billion

·        Most Popular Residence: New York, U.S.

Silent Generation billionaires and their children have been accumulating wealth astonishingly. Some of the brightest stars in the company are members of this powerful group.

Baby Boomer

·        Born: 1946-1964

·        Average Net Worth: $4.6 billion

·        Most Popular Residence: New York, U.S.

Blackstone Group, the world’s largest private equity firm, is one of the fastest-growing private-equity companies globally. It has built a $30 billion global portfolio of high-return businesses. The firm has grown its business by developing and expanding its core competencies, such as investments in information technology, healthcare and financial services.

Boomer billionaires are one of the most successful business donors and have contributed to philanthropic causes like education, health sciences, and science. This article will highlight their contributions to the tech industry in a way that is interesting and hopefully inspiring.

With a net worth of $150 billion, LVMH chair Bernard Arnault is the second richest person globally, and Francoise Bettencourt-Meyers, the vice-chairwoman of L’Oreal, ranks 12th. Both fashion conglomerates are based in France and helmed by billionaire Boomers.

Billionaires by Generation

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Generation X

·        Born: 1965-1980

·        Average Net Worth: $4.4 billion

·        Most popular Residence: Beijing, China

The world’s billionaires, mostly in their 60s and 70s, are most likely to live in Beijing, China.

Tencent’s Ma Huateng and Pinduoduo’s Colin Huang are two of the Chinese gaming industry’s most legendary entrepreneurs. They have played a pivotal role in helping build China’s online economy and expanding the country’s global presence.

Millennials

·        Born: 1981-1996

·        Average Net Worth: $5.1 billion

·        Most Popular Residence: San Francisco, U.S.

Millennials (born between 1980 and 2000) are the second-highest average net worth after the Silent Generation, a group of sceptics that grew up during World War II. With an average net worth of $3.15 billion, they are largely concentrated in the technology, finance and media industries.

Mark Zuckerberg is the world’s youngest billionaire and the founder of Facebook. He has made his fortune by starting Facebook in his dorm room at Harvard University in 2004. The social media site was launched for free and became a billion-dollar business within two years, making it one of the fastest-growing internet brands ever.

Generational Trends

What other trends are seen across the world’s billionaires?

“Millennial billionaires are the most likely to be women, with roughly double the rate of all other generations at 19%. Notable billionaire women include Anna Kasprzak, who co-owns Anna Suits’ Danish shoe company. According to Forbes, these female billionaires are poised to become much more prominent in the coming years.

This post is about the young generation of Chinese entrepreneurs, and it shows that people born between 1980 and 1995 are the most likely to be among the self-made billionaires. This has its roots in China’s economic boom during the 1990s, creating unprecedented opportunities for young people to launch their enterprises as small businesses or start a family business.

Today’s billionaires live in a very different world than they did just a few decades ago. They are exposed to so many new technologies, services and products that they have never seen before.

Boomers are the largest generation and are the most likely to be married, but like their silent counterparts born in the early 1900s, they have not shared this social trend. Studies show that the Silent Generation is more likely to be unmarried than Boomers (Kramer et al. 2016).

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