blackboard-global-man_2The inaugural census 2013 reveals that the global billionaire population reached a record 2,170 individuals in 2013 and total billionaire wealth in Asia surged nearly 13 percent, making it the fastest-growing region.  With hospitality and expendable wealth also growing at exponential rates in this region, spa growth is predicted to boom in the luxury sector.

At current growth rates, the Wealth-X and UBS Billionaire Census 2013, the first-ever comprehensive global study on this ultra wealth tier, forecasts that Asia will catch up with North America in five years. Asia also saw the highest percentage rise in billionaire population (3.7% from 2012) and total wealth (13%) in 2013, suggesting that it is driving the tectonic shifts in wealth globally.

The report also shows that 810 individuals became billionaires since the 2009 global financial crisis. The billionaire population’s combined net worth more than doubled from US$3.1 trillion in 2009 to US$6.5 trillion in 2013 – enough to fund the United States budget deficit until 2024, and greater than the GDP of every country except the United States and China.

The report – which looks at the global billionaire population from July 2012 to June 2013 – examines this tier of the ultra affluent population by region, country, gender and the sources of their wealth.

Below are other key findings from the inaugural report:

“UBS has had the privilege of serving the world’s most successful families for more than 150 years, and we are delighted to partner with Wealth-X in presenting the first Wealth-X and UBS Billionaire Census,” said Chi-Won Yoon, CEO of UBS Asia Pacific. “In Asia, most billionaires are entrepreneurs who remain heavily involved in their family businesses. UBS is uniquely positioned to meet the demands of this highly sophisticated clientele by offering world-class capabilities seamlessly integrated across our wealth management, investment bank and global asset management businesses.”