Wealth-X

Last updated

Wealth-X
Industry Information Services
Founded2010;9 years ago (2010)
HeadquartersNew York and London
Number of locations
5 offices [1]
Area served
Worldwide
Key people
Richard Green (Co-President)
Marc Cohen (Co-President) [2]
Number of employees
150+
Website WealthX.com

Wealth-X is a global ultra high net worth (UHNW) intelligence and data company, founded in 2010. [3] [4] [5] Headquartered in New York and London, the company has five offices on three continents and is owned by Insight Venture Partners. [6] [7] The company's database includes more than 100,000 global records, each representing an individual whose net worth is believed to be more than US$30 million. [1]

Ultra high-net-worth individuals (UHNWI) are defined as having a net worth of at least US$30 million in constant 2018 dollars. It is the wealth segment above very-high-net-worth individuals and high-net-worth-individuals. Although they constitute only 0.003% of the world’s population, they hold 13% of the world's total wealth. By 2017 there were 226,450 individuals designated as UHNWI representing an increase of 3.5% with their combined total wealth increasing to $27 trillion.

A company, abbreviated as co., is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. Company members share a common purpose, and unite to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Companies take various forms, such as:

Richest persons list

In 2017, Wealth-X published a list of the top wealthiest people in the world, which have a combined fortune of US$1.45 trillion. As of 2017, the five richest persons in the world are: [4] [8] [9]

  1. Jeff Bezos (US$ 98.6 billion)
  2. Bill Gates (US$ 87.4 billion)
  3. Amancio Ortega Gaona (US$ 66.8 billion)
  4. Warren Buffett (US$ 60.7 billion)
  5. David Koch (US$ 47.4 billion)

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References

  1. 1 2 "Wealth-X offers digital 'who's who' of the rich and not necessarily famous". Fortune . Retrieved 12 December 2017.
  2. "Company Overview of Wealth-X Pte. Ltd". Bloomberg . Retrieved 13 April 2018.
  3. "Wealth-X Pte. Ltd.: Private Company Information". Bloomberg L.P. Retrieved 12 December 2017.
  4. 1 2 Sullivan, Paul (19 February 2017). "Who Are the Richest of the Rich?". The New York Times . Retrieved 12 December 2017.
  5. "The 17 cities where the world's richest people want to live". The Independent . 8 December 2017. Retrieved 12 December 2017.
  6. Insight Venture Partners 2017 (11 October 2016). "Wealth-X - Companies - Insight Venture Partners". insightpartners.com. Retrieved 12 December 2017.
  7. Teachout, Terry (16 July 2015). "Hollywood's First Great Art Collector". The Wall Street Journal . Retrieved 12 December 2017.
  8. "Wealth-X Reveals: The World's 50 Wealthiest People - Wealth-X". wealthx.com. 27 January 2016. Retrieved 12 December 2017.
  9. "Bill Gates Is Once Again the Richest Person in the World". Time . Retrieved 12 December 2017.