Billionaire women on the rise, especially in Asia - UBS

FireIce SG

SINGAPORE (Reuters) - The number of women billionaires in the world is rising fast, with a growing number of them from Asia and self-made, Swiss bank UBS Group AG said in a study released on Tuesday.

There are nearly seven times more women billionaires than 20 years ago and their average wealth has nearly doubled to $4.3 billion - topping the average $4 billion net worth of male billionaires, the bank said.

UBS, which offers wealth-management services, tallied 1,347 billionaires from around the world in the study but declined to name any of them.

Men still accounted for the overwhelming majority of billionaires, but women made up 11 percent last year, up from 9 percent two decades earlier.

Asia has seen the strongest growth rates for female billionaires over the last decade, to 25 from three.

Just over half of the female Asian billionaires made their own money, UBS said, with many of the women hailing from China and Hong Kong and much of the wealth coming from real-estate investments.

UBS said only 7 percent of European women billionaires and 19 percent of the Americans were self-made.

yahoo

FireIce SG

ZURICH (AFP) - The number of women among the world's billionaires has risen faster over the past two decades than that of men, mostly thanks to Asian female entrepreneurs, a study published on Tuesday (Dec 15) showed.

There were 145 female billionaires in the world at the end of 2014, compared with 22 in 1995, according to the study, conducted jointly by UBS bank and the PwC auditing firm.

Male billionaires were still much more plentiful at 1,202, but their number was multiplied by just 5.2 over the period, against 6.6 for women.

In Asia, the number of women billionaires rose more than eight-fold, from 3 to 25.

The study said at least half of Asia's richest women are first-generation corporate chiefs, who got their education in Europe or the United States before making their pile back home.

In contrast, most of women billionaires in Europe and the US inherited their fortunes. The study pointed out, however, that they were often more active in developing their businesses than heiresses of previous generations.

Wongwx1989 SG

Woman are getting stronger nowadays, No longer the days where they stay at home take care of the family and children while the husband work at support them.

Malenchelonandrew SG

Billionaire's are growing world wide but in them the women taking active part is still a great news to listen