However the largest number of 2024 billionaires – 427 – came from the financial sector.
Over the last decade, manufacturing produced the most new billionaires – 509 – of whom half are in China.
Tech, over the last decade, produced the second highest number of billionaires – 443 – with China taking the lead.
In 2024, the average billionaire age was 65.7, with men representing 87 percent of the total.
By contrast, 82 percent of new billionaires were male, and of those under 30, nearly 47 percent were female.
Knight Frank forecasts that not only will the share of female billionaires grow in the future, but also that the average billionaire will become younger, as older generations pass on their wealth.
The United States was home to 30 percent of the world’s billionaires in 2024 and 40 percent of total billionaire wealth.
