Wealth-X And UBS Partner For 2nd Edition Of Billionaire Census
Wealth-X and UBS co-hosted the global launch and media briefing for the Wealth-X and UBS Billionaire Census 2014 at the UBS Business University located in the historic Command House in Singapore on 17 September, 2014.
The Wealth-X and UBS Billionaire Census 2014 is the second annual edition of this groundbreaking report, produced by Wealth-X, the world’s leading ultra high net worth (UHNW) intelligence firm, in collaboration with the Swiss bank UBS, a global leader in wealth management. Joseph Poon, Head of UHNW, Southeast Asia, UBS Wealth Management, opened the global launch and media briefing followed by a presentation of the report’s key findings by Wealth-X CEO Mykolas Rambus, and a presentation on UHNW investment trends by Simon Smiles, CIO UHNW, UBS Wealth Management, and a media Q&A session.
The Wealth-X and UBS Billionaire Census 2014 shows that 155 new billionaires were minted around the world this year, pushing the global population to a record 2,325 – a 7% rise from 2013. The combined wealth of the world’s billionaires increased by 12% to US$7.3 trillion, which is higher than the combined market capitalisation of all the companies that make up the Dow Jones Industrial Average.
Wealth-X CEO Mykolas Rambus said: “The Wealth-X and UBS Billionaire Census 2014 underscores Wealth-X’s commitment to conducting groundbreaking research on the world’s ultra high net worth (UHNW) population. Expert commentary from UBS complements Wealth-X’s global intelligence on the world’s billionaire population, producing a report that demonstrates a true collaboration between the global leader in wealth management and the world’s leading UHNW intelligence provider.”
Simon Smiles, CIO UHNW, UBS Wealth Management said: “The second Wealth-X and UBS Billionaire Census is the most comprehensive study of its kind and provides unparalleled insights into this sophisticated and global client segment. Its findings, for example, that billionaires increased their liquid holdings last year and that entrepreneurialism is key to their wealth, correspond with the feedback from discussions with our clients.”