Number of female billionaires outpaces male billionaires: Report

WION Web Team

Delhi, IndiaUpdated: May 18, 2018, 03:24 PM IST

The dollar duly rallied to its highest level against a basket of major currencies in nearly three weeks and was last holding at 93.824. Photograph:(Reuters)

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Wealth-X's Billionaire Census 2018 states that there are more global billionaires than ever before

According to a survey conducted by a wealth intelligence firm Wealth-X, the number of female billionaires, in comparison to male billionaires, increased in the year 2017.

The percentage growth in women billionaires last year was recorded at 18% as compared to 14.5% increase in the number of male billionaires. Women, at present, constitute 11.7% of the world’s total billionaire population.

"The fifth edition of the Wealth-X Billionaire Census reveals that billionaire wealth surged by 24% to a record level in 2017, and the billionaire population rebounded by 15% to 2,754 individuals, surpassing the previous peak of 2,473 in 2015," the report noted.

Wealth-X's Billionaire Census 2018 states that there are more global billionaires than ever before. North America, which was once home to the most billionaires, has now been replaced by Asia which currently houses the most billionaires.

The report also informed that the wealth of billionaires "grew at a much faster pace than population size across all regions".