 "America is world's billionaire capital and NY is where most of them live")
The United States is home to 515 billionaires with a combined net worth of more than $2 trillion - and many favor New York over other American cities, according to theWealth-X and UBS Billionaire Census 2013.
Ninety-six billionaires have a primary business address in NewYork; Los Angeles is home to 22 billionaires; Chicago has 21; San Francisco has 20; and there are 14billionaires in Houston, according to the report, which studied the ultra high net worth (UHNW) tier globally.
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The report also showed that the United States accounts for 34 percent of the combined net worth of theworld’s billionaires.
The average net worth of an American billionaire is $4 billion, of which 25 percentare liquid assets.
In terms of wealth source, 68 percent ofAmerica’s billionaires made their fortunes, 22 percent inherited their wealth while 10 percent inherited andgrew their wealth.
The average age of America’s billionaires is 67 years old, which is above the global average of 62. 88 percent ofthe country’s billionaires are male and at least 80 percent ofAmerica’s billionaire population have at least a college degree, with Harvard, Stanfordand University of Pennsylvania being the most popular higher education institutions.