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It takes time to make your billions. This was one of the key findings of the new Wealth-X and UBS Billionaire Census 2014 report, which says that over half of the world’s billionaire population falls into the age bracket of 55 to 74 years.
The Census of 2,325 billionaires worldwide indicates that 26.8 per cent of the billionaires fall into the 55-64 age group, while 25 per cent are aged 65 to 74. In contrast, just 1 per cent of the billionaires are below 35 years of age, while around a quarter of the number are between 35 and 54.
There’s also a large population of billionaires that is geriatric, with approximately a fifth of the global number aged above 75 years.
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