The average billionaire is married, is worth \u00a31.79bn, and would never spend less than \u00a310m on a property \u2013 unless it was for the staff, according to research published on Sunday.<\/p>\n
There are more than 2,170 billionaires globally, with a combined net worth of \u00a33.88tn, up from \u00a31.85tn in 2009, according to the analysis by high-end estate agency Beauchamp Estates and Dataloft.<\/p>\n
Of these, it said 60% were self-made billionaires, 20% had inherited wealth and the rest had a combination of part-inherited, part-made fortunes.<\/p>\n
Alongside football clubs and fine art, property in London was found to be high on the list of must-haves for those with many millions in the bank: the research found that 67 billionaires were living in the city, making it the most popular of western Europe’s capitals with the ultra-wealthy, ahead of Paris with 25 and Geneva with 18.<\/p>\n
The typical billionaire holds \u00a350m or more in real estate and has four homes. A property portfolio would typically include a \u00a322.3m mansion in London; an \u00a318.6m holiday home on the French Riviera and a \u00a312.1m estate in Tuscany, alongside another luxury pad, perhaps somewhere more far-flung .<\/p>\n
The researchers claimed a billionaire would “never spend less than \u00a310m on a London property (unless it is for a servant)”. This property might be in Chelsea, but the neighbourhood is not favoured by billionaires themselves \u2013 instead they prefer a mansion in the “platinum triangle” formed by Mayfair, Knightsbridge and Belgravia.<\/p>\n
With an average of 2.1 children each, billionaires were found to favour family homes \u2013 the bigger the better with six bedrooms as standard, and to rank state-of-the-art security above lifestyle facilities. Features like iris-recognition technology, his and hers panic rooms and bullet-proof doors are not unusual now in luxury developments in the capital.<\/p>\n
Gary Hersham of Beauchamp Estates said: “We advise UHNWIs [ultra-high net-worth individual] buying homes in London and around the Mediterranean to set aside budgets of typically \u00a350m to acquire the right properties.<\/p>\n
“Most UHNWIs buying in western Europe see having an ultra-prime home in prime central London and on the French Riviera as ‘must have” badges’.”<\/p>\n
The research found that the world’s wealthiest individuals hold an average of 42% of their wealth (\u00a3750m) in private holdings; 35% (\u00a3626m) in publicly-held companies; 18% (\u00a3322m) in cash; 3% (\u00a354m) in residential real estate and 2% (\u00a335m) in luxury assets such as artwork, yachts and private jet travel.<\/p>\n
The research is based on property data from Beachamps and Lonres and information from a Wealth X\/UBS Bank study of billionaires.<\/p>\n","protected":false},"excerpt":{"rendered":"
The average billionaire is married, is worth \u00a31.79bn, and would never spend less than \u00a310m on a property \u2013 unless it was for the staff, according to research published on Sunday. There are more than 2,170 billionaires globally, with a combined net worth of \u00a33.88tn, up from \u00a31.85tn in 2009, according to the analysis by […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,1],"tags":[],"class_list":["post-1602","post","type-post","status-publish","format-standard","hentry","category-news","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9PjAq-pQ","_links":{"self":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts\/1602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/comments?post=1602"}],"version-history":[{"count":0,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts\/1602\/revisions"}],"wp:attachment":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/media?parent=1602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/categories?post=1602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/tags?post=1602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}