BNP Paribas created a portrait of the typical international businessman with at least US$14.5m wealth
Over 2,700 businessmen from 21 countries were surveyed, and the following conclusions were made based on their responses:
- The businessmen have an average of 3.5 onshore and offshore companies.
- Key markets of great interest are China, France, US, Germany, Britain.
- 71% come from families of private entrepreneurs.
- The most popular spheres of activity are within IT and production.
Based on the answers, the businessmen were sorted into the following categories having their own features:
- Ultra-rich (with accumulated wealth of over US$25m).
- Those who constantly work to increase their capital earnings.
- So-called ‘millennia’, who were born between 1980 and 2000.
- 55-years old and older.
The main characteristic features of the ultra-rich:
- 77% are concerned with the automatic exchange of information between international tax authorities.
- 71% are expecting further capital growth in 2017.
- When selling operations, 15% invest in venture funds, while 10% to new self-created start-ups.
The main features of those who seek to increase their capital:
- They typically own 7.5 onshore and overseas companies to control their business with.
- Average business turnover totals US$10m.
- About 21% see new possibilities in start-up incorporation and entering new markets.
- Most of such businessmen are from India, France, the USA, and Indonesia.
What characterises businessmen born within 1980 and 2000?
- 31% have their own businesses in various spheres.
- Most have chosen IT or engineering.
- 43% see new prospects in EdTech, or education technologies.
Characteristics of businesswomen:
- An average estimated wealth of US$15.9m.
- They typically own 4 onshore and overseas companies used to control their business.
- Their average turnover is US$8.6m.
- Thorough preparation before going into and doing business.
- Normally, they come from families with a non-professional working background.
- While carrying out business, they are multi-tasking and trying to reach two goals at a time: personal achievements and contribution to social development.
Typical businessmen of 55 and older:
- They started their business at 37 on average.
- They are more likely to consider investments to investment funds.
- They consider crowd funding as an option to finance business.
- 85% of Italian and Hong Kong businessmen prefer to keep their business within their families.