While tech wunderkinds and celebrities may get the most attention, the world's billionaires are largely aging entrepreneurs.Forty-two percent are over the age of 70, and fewer than 10% are under the age of 50, according to the study.Eric Piermont | AFP | Getty Images
"Many of the younger billionaires have made their wealth in tech, which has been a fast wealth-creation industry and gets a lot of media attention," said Maya Imberg, senior director and head of thought leadership and analytics at Altrata. "But most wealth takes a long time to accumulate unless it's inherited. It takes a vast majority of their business lives to create that amount of wealth.
North America saw a 2.3% decline, to 1,011 billionaires, while Asia saw a 7.1% decline and Europe a 2.2% decline. The U.S. still has the largest number of billionaires in the world by far, with 955, accounting for nearly one-third of the world's billionaires. China had 357 billionaires by the end of 2022.
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