Tue. Nov 12th, 2019

The 29 Spanish billionaires lost more than 15,000 million in 2018


In the world, 2,101 billionaires were counted last year – people who have an estimated assets of more than 1,000 million dollars (905 million euros) – 57 less than in 2017, of which 29 are Spanish, who added a fortune of 119,300 million dollars (108,021 million euros). However, they have also reached the "crisis", and during the last year they suffered a loss of wealth of 16,700 million dollars (15,121 million euros). According to a report prepared by UBS and PwC, this loss of equity is due to the fact that “the creation of wealth was interrupted in 2018 because of the bad behavior of world stock markets, the worst since the financial crisis of 2008. The last time the Billionaire wealth declined in 2015 ”, although this decline was less pronounced.

A few days ago, Forbes magazine granted the owner of Zara, Amancio Ortega, the title of richest man in Spain, with 63,000 million euros of heritage. The second place stayed at home, since it was in the hands of his daughter Sandra, with a fortune of 6,000 million. The podium of In the rest of the world, of the 2,101 individuals who deserved the qualification of billionaires, 11% were women. Although this figure still shows obvious inequality, the number of women with more than 1 billion has increased by 46% in the last five years, 7% above the growth rate registered among men, which stands at 39 %. In total there are 233 women who have gained access to this list, 100 more than in 2013.

Men and women billionaires together add an estimated wealth of 8.5 billion dollars, which implies a setback of 388,000 million dollars (351,277 million euros), 4.3% less, the first loss of assets since 2015. And This drop occurred on all continents, except in North America, where it rose 3.3%, and Latin America, with an even more pronounced increase of + 4.8%. Asia Pacific (-7.4%), Western Europe (-4.1%) and Eastern Europe (-7.4%) were the world regions that lost the most. Since 2003 the number of billionaires has increased by 374% worldwide, 34.5% during the last five years.

The United States is still the country with the richest in the world, with 607 millionaires, which accumulated in 2018 a total of 3.11 billion dollars. Next is China, which despite having suffered a fall in its list of the richest, is still able to add a new billionaire every two and a half days, in total 436, with 1.38 billion dollars in its possession. The third in the ranking is Russia, with 98 people accumulating 421,000 million dollars (381,598 million euros).

The report states that the recovery of the stock market in 2019 – after the sharp decline in 2018 – has helped increase the assets of the richest families in the world, although they fear that “trade tensions, Brexit, the rise of Populisms and climate change can change the positive path of their fortunes. ”

. (tagsToTranslate) javier de antonio



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