UBS reports that China's self-made billionaires own 97% of total wealth, while the self-made billionaires in Europe, the Middle East and Africa hold 57% of the wealth and 69% of the United States.
The treasures of wealth, each leading the way.
Recently, the Hurun Report and the Forbes Rich List have been released. On October 26, UBS and PricewaterhouseCoopers also released the analysis of the global billionaire analysis in 2018. The ranking of the rich and the wealth, the ups and downs of wealth, is becoming a reflection of social and economic changes.
According to a report released by UBS, the number of billionaires (those with more than $1 billion in assets) reached 2,158 in 2017, and total wealth increased by 19% to $8.9 trillion.
This is the largest increase ever, with an average of $4.1 billion in wealth per billionaire. China’s billionaires reached 373, and total wealth increased by 39%, the fastest in the world.
The 21st Century Business Herald, through combing the rich list and related reports, found that although China's wealth is still maintaining strong momentum, the three industries of technology, real estate, consumer goods and retailing have become the main force driving wealth growth, accounting for 62% of total wealth growth.
However, many new changes have taken place this year. The effects of China's supply-side structural reforms are constantly emerging. The regulation of the real estate sector continues to increase, the capital market is turbulent, and some high-debt-driven enterprises are exposed to risks. The face and wealth of the rich list on next year may be greatly adjusted.
Significant effect of technology making wealth
The UBS report shows that the huge growth of the wealth of billionaires around the world mainly reflects the four areas of consumer goods and retail, technology, materials and real estate. Of the 332 new billionaires this year, 106 are from mainland China. The wealth of wealthy Chinese mainland technology grew by 47%, the real estate sector grew by 51%, and the consumer goods and retail wealth grew by 54%.
In 2017, the rise of the capital market, especially the technology stocks, played an important role in promoting the wealth growth of the rich.
Deng Tishun, investment director and chief China strategist of UBS Wealth Management Investment Director's Office, pointed out that globally, if the global stock market's share price rises are removed, the global wealth growth is not big, the technology giant is not big. The market value growth has increased the average. For the Chinese region, the market capitalization base of technology companies is itself high, and doubling the stock price is also the main driver of wealth growth.
Zhang Lizhen, PwC's managing partner of China's financial industry management consulting, also said that the entire Asian regional economy has maintained rapid growth in the past few years. In addition, the population advantage in the Asian region is obvious, driving retail and consumer goods growth, and the real estate market continues to upgrade; the investment in the Asia-Pacific region in the field of science and technology has surpassed that in the United States and other places, especially in the blockchain and artificial intelligence fields, and the market generated by these fields is powerful.
Top Ten Rich People
Seeking for wealth and danger.
In 2018, the Hurun Report shows that the top ten are Ali Ma Yun family, Evergrande Xu Jiayin, Tencent Ma Huateng, Country Garden Yang Huizhen, Wanda Wang Jianlin family, Midea He Xiangjian family, Shunfeng Wang Wei, Pacific Construction Yankee family, Baidu Li Yanhong family Xiaomi Leijun, Zhengwei Wang Wenyin family. The wealth between the top three and the fourth place in the Rich List is different by 100 billion yuan.
Last year, the richest man in mainland China was Xu Jiayin, with a wealth of 290 billion yuan. Although Evergrande's sales continued to grow strongly, Xujiayin's wealth still shrank by 40 billion from last year. The Ma Yun family's success in the richest man was mainly due to the rising valuation of the ant gold service, and the wealth reached 270 billion yuan.
The wealth effect of the Internet technology company's listing or market capitalization growth is a typical representative of the many jaundices, the US group comments Wang Xing, the byte beat Zhang Yiming, and Xiaomi Leijun.
The list of blockchain players also performed well, with a total of 14 on the list. Hu Run’s research shows that the 39-year-old Jank Group and the 32-year-old Wu Jihan have a total of 29.5 billion and 16.5 billion in wealth.
After combing the Hurun Report for more than a decade, the richest man in China from Zhang Long, Zhang Long, Gome Huang Guangyu, BYD Wang Chuanfu, Wahaha Zongqing, Sany Heavy Industry Liang Wengen to Wanda Wang Jianlin, Evergrande Xu Jiayin and then to Ali Mayun Looking back at the rich throne, the change of the richest industry has also become a map of key industries in China's economic development.
Forbes released the 2018 rich list statistics according to the stock price and exchange rate on October 12, compared with the Hurun Report, in the past two months, the wealth of the list of rich has changed a lot. The top five were Ma Yun, Ma Huateng, Xu Jiayin, Wang Jianlin and He Xiangjian, and Yang Huizhen fell to sixth. Xu Jiayin’s net worth fell the most. The regulation of the real estate sector in 2018 is being further strengthened, which will have an impact on the power of real estate for many years.
Forbes said that due to the decline in stocks and the depreciation of the renminbi, the 400 richest people who boarded the Forbes China Rich List last year, more than 3/4 of the wealth fell, 93 people fell, the rich who stayed on the list, nearly 1/3 of the wealthy Decrease by 20% or more.
The 21st Century Business Herald noted that on the Forbes China Rich List in 2017, the Oriental Garden He Qiao Women and Women ranked No. 79 in the 22.51 billion yuan, while the 2018 list has shrunk to 8.9 billion yuan and dropped to 242. In 2017, Lu Zhiqiang, the 41st-ranked Oceanwide Group, ranked 41.40 billion yuan, and fell to 73 in 2018 with a price of 24.01 billion yuan.
Starting from scratch, accounting for 97% of total wealth
The rapid growth of the Chinese economy in the 40 years of reform and opening up has allowed a large number of people to accumulate huge amounts of wealth through business models and technological innovations.
UBS reports that China's self-made billionaires own 97% of total wealth, while the self-made billionaires in Europe, the Middle East and Africa hold 57% of the wealth and 69% of the United States.
It is precisely because of this that the wealth of Chinese rich people is relatively volatile. In 2017, China's new 106 billionaires, 51 at the same time. In 2016, 34 people in China fell out of the list, accounting for 43% of the total number of billionaires who fell out of the list that year.
Hurun Report's statistics as of August 15 this year show that 456 people have fallen into the list, becoming the most popular in the list of more than 20 years. The main reason is that the stock market has fallen by nearly 20%.
Zhang Lizhen believes that on the one hand, in terms of statistics, the wealth of many new billionaires in China is in the range of a little more than $1 billion, and some fluctuations will lead to falling out of the list. In addition, many Chinese rich people are still the first generation of wealth creation, and are still pursuing more asset growth, relatively young, and have higher risk appetite. Coupled with the structural transformation of the Chinese economy, the industry has changed a lot.
Hurun Report also pointed out that the entrepreneurs who fell this year mainly came from traditional manufacturing. Most of them fell because of the stock price of A-share listed companies, and some of them fell because of the corporate debt crisis and liquidity difficulties. In addition, there are The equity of listed companies of several companies was frozen by the government due to debt problems. For example, the assets of the Yinji Media listed company founded by Xiao Wenge were frozen by the judiciary and fell this year. Yongtai, founded by Wang Guangxi, also caused liquidity difficulties due to the debt crisis.
Looking ahead to the trend of wealth growth next year, Zhang Lizhen said that the risks of the global economy are rising, the risks of corporate and asset value are also increasing, and the wealth of the rich will face great uncertainty. The United States is experiencing the longest bull market in history and a record economic expansion. In addition, the tension between China and the United States, including Europe, such as Italy, the United Kingdom and other market fluctuations.
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