There are 1,210 billionaires in the world, according to Forbes magazine. It comes as no surprise that emerging economies such as China and India outperform the more advanced economies in terms of adding new billionaires to the list. But we wonder: Which major country's billionaires have the youngest average age?
A. United States
A. United States is not correct.
Billionaires in the United States are among the oldest in the world, with an average age of 66 — the same as in Germany.
While the United States has some of the world's oldest billionaires, it also has the youngest — Dustin Moskovitz, co-founder of Facebook. Moskovitz, 26, is eight days younger than his former college roommate and fellow billionaire, Facebook CEO Mark Zuckerberg.
B. France is not correct.
At 70 years, France is the major country with the oldest average age for its billionaires. Japan is not far behind, with 68 being the average age of its billionaires.
In addition to having relatively old billionaires, France also has few of them, considering it is the world's fifth-largest economy. There are only 14 billionaires in France, compared to 101 in Russia and 115 in China.
C. Russia is correct.
The average age of Russia's billionaires is 49, which is the youngest of the major economies. Many of Russia's billionaires are oligarchs who made their fortunes in the economic chaos that emerged after the Soviet Union collapsed in 1991, accumulating their riches in sectors like oil, coal, gas, steel, telecoms, banking and railways.
The runner-up to Russia is China, at 51 years. China's richest man, Robin Li, is 42 years old and earned his $9.4 billion fortune by building up the Internet search site Baidu.
D. India is not correct.
In India, the average age of billionaires, at 61 years, is relatively high considering that India's population as a whole is rather young, with a median age of just 25 years. That means India's average billionaire is 36 years older than the average Indian. This stands in stark contrast to Russia, where the average billionaire is only 11 years older than the average Russian.
The world's 1,210 billionaires have a combined wealth of $4.5 trillion. This is larger than the GDP of Germany, the world's fourth-largest economy — and equal to about 7% of global GDP.