top 10 richest ethnic groups in the world

The Black African group has the lowest median total wealth (34,300). David Steward, Comparing Luxury Investment Around the World, How Global Health and Wealth Has Changed Over Two Centuries. In absolute numbers, the total number of billionaires rose by over 1,100 while the number of Black billionaires rose by just nine people. List of countries ranked by ethnic and cultural diversity level Average values were much higher than the typical, or median, wealth among households in each racial or ethnic group. Total wealth in Great Britain: April 2016 to March 2018 Article | Released 5 December 2019 Main results from the sixth round of the Wealth and Assets Survey covering the period April 2016 to March 2018. Hausa and Fulabi Tribe: The Hausa-Fulani are another rich African tribe. This limit made Papua New Guinea (PNG) an interesting oddity; as none of its thousands of groups included more than one percent of the population, it was considered to have zero groups and thus have a perfect fractionalization score of 1. The lists are commonly used in economics literature to compare the levels of ethnic, cultural, linguistic and religious fractionalization in different countries.[1][2]. As a teenager, Gates became passionate about computer programming. They are Kenyas smallest ethnic group, with only approximately 300 members. We would like to use cookies to collect information about how you use ons.gov.uk. White Americans have held most of the total wealth since the end of 1989, the first year with available data from the Federal Reserve's Distributional Financial Accounts. In fact, Indians are ahead of other Asian groups in the US in median family earnings ranges. On April 1, 2023, Mike Bloomberg, founder of financial information and news firm Bloomberg LP, ranked as the worlds seventh richest person, per Forbes. Figure 1 and Figure 2 show that even when controlling for these factors (in effect taking away differences in age, home ownership and so on) there remain statistically significant differences in the total wealth of a household depending on the ethnicity of the household head (household reference person). The number of Black billionaires also falls very short of being representative of the general population. List of countries ranked by ethnic and cultural diversity level, "Ethnic Diversity and Economic Performance", "Measuring cultural diversity: ethnic, linguistic and religious fractionalization in the OECD", Current real density based on food growing capacity, Antiviral medications for pandemic influenza, Percentage suffering from undernourishment, Health expenditure by country by type of financing, Programme for International Student Assessment, Programme for the International Assessment of Adult Competencies, Progress in International Reading Literacy Study, Trends in International Mathematics and Science Study, https://en.wikipedia.org/w/index.php?title=List_of_countries_ranked_by_ethnic_and_cultural_diversity_level&oldid=1149372970, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 11 April 2023, at 20:35. Much of their land is legally protected, which means that while they live modestly, they are extremely wealthy when the worth of their property is considered. Also see: Countries with the Best Education System in Africa. [2], In the 2021 American Community Survey, the following figures regarding detailed Asian ethnicities are reported. Age has a particularly strong influence on wealth, much more than on income or earnings. Musk remained the worlds richest person until December 2022, when the drop in Teslas share price pushed down the value of his fortune. 8 on May 1. The survey has now moved to a two-year, financial year-based periodicity (April to March) with this periodicity being referred to as a round. Save my name, email, and website in this browser for the next time I comment. Top 10 Knowledge of pensions and the likelihood of participating in available pension schemes are also known to be lower among some ethnic minority groups (PDF, 526KB). Their prosperity is thus derived from the land they hold as well as the food they produce. The company has since grown to be the largest Black-owned business in America with over $13.4 billion in annual revenue and more than 7,000 employees. Through his Bezos Expeditions he has invested in an array of companies, including Airbnb and software firm Workday. When estimating average wealth, we use both the mean and median as measures of the average. Igbo Tribe: The Igbo are a Nigerian tribe with several businesses and are regarded as master economists. From 2007 to 2016, the median net worth of the top 20% increased 13%, to $1.2 million. Median components of total household wealth () by ethnicity of the household head; Great Britain, April 2016 to March 2018. The Oromo Tribe is mostly involved in business, agriculture, and real estate. Looking to retire outside of the U.S.? Aliko Dangote, Africas richest billionaire, and Zaynab Alkali, widely considered Nigerias first female author and most accomplished short story writer, poet, and novelist, are both from these tribes. Also see: Best Online Universities to Attend in the world 2022. He took a break from running his business after being elected as mayor of New York City, a position he held from 2002 through 2013. To help break it down, weve visualized data from personal finance platform, WalletHub, which ranked the best U.S. states for retirement as of 2023. Results for Black Other are not presented because the surveyed sample size is less than 30 households. Net financial wealth is the value of any financial assets (for example, savings and investments) less financial liabilities (such as outstanding credit card balances and loans). In this survey, the nationwide population was 331,893,745 in 2021. Income Inequality in the U.S. Is Rising Most Rapidly Among Asians She has served on LOreals board since 1997 and is chairwoman of the family holding company. This is a wrong phrasing of the question. Nigeria isnt divided into ethnic and tribal groups. A bunch of ethnic and tribal groups were colonized He owns 85% of publicly-traded Dangote Cement, Africas largest cement producer. Your email address will not be published. doctors. Includes total, property, financial, physical and private pension wealth by age, region, household type and housing tenure. There are clear differences in average total wealth depending on the ethnicity of the household head (Figure 3). They feel that their cultural traditions make them appealing. He dropped to fourth richest but moved back to No. Her fortune rose by nearly $6 billion since April 1, 2023; during that period, LOreal shares rose 4%. Some ethnic groups are younger on average than others (for example, Black African versus White). These countries have a diverse ethnic population, each with its language and culture. We use this information to make the website work as well as possible and improve our services. Where sample sizes are large enough, estimates are shown for individual ethnic groups. However, our modelling in Section 2 suggests this is unlikely to explain all the differences. For example, physical wealth makes up 51% of total wealth in households with a Black African head compared with 20% for those with an Indian head. White British headed households were the wealthiest ethnic group, according to data collected between 2016 and 2018. Although smaller, the racial wealth gap still shows up when looking at the median household. 5 from No. richest tribes in the continent of Africa. Median private pension wealth ranges from less than 5,000 (Bangladeshi, Black African, Chinese and Any other ethnic groups) to 80,000 (White British) and this trend across ethnic groups correlates with the percentage of households that hold this type of wealth (Table 1). Ellison invested in Tesla and served on the board of the car company from 2018 through August 2022. Results for "Black Other" category are not presented because the surveyed sample size is fewer than 30 households. As of May 1, he ranks No. Access your favorite topics in a personalized feed while you're on the go. The African continent is considered to be home to over 3,000 tribes. UK has significant ethnic wealth gaps, latest By contrast, Black people make up 12.2% of the U.S. population. Chinese ethnic group biggest earners in Language links are at the top of the page across from the title. The total wealth of a household is the sum of net wealth held in property, private pensions, financial and physical items. Musk is CEO of electric car company Tesla, rocket firm SpaceX and social media company Twitter. Shaw. Africa is the worlds second-biggest continent. Their history is roughly the same as the continents, making them Nigerias and Africas most culturally and economically prosperous.

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