This year, the report focuses on the most successful wealth creators: Elite Entrepreneurs holding a net worth of USD14.9 million on average.

“The 2017 Elite Entrepreneurs manage many companies and are a strong contributor to the global economy,” underlines Sofia Merlo, Co-CEO at BNP Paribas Wealth Management. “While typically maintaining 50% to 65% of their business focus in the market of their primary business, their business footprint is increasingly globalized.”

“Their investments are very diversified and balanced between different asset classes,” explains Vincent Lecomte, Co-CEO at BNP Paribas Wealth Management. “They are keen on re-investing most of their wealth when the opportunity arises – nearly 71% of their current investment balance sheet. Close to 20% of their investments is placed either through private equity or angel funding.”

• The Elite Entrepreneur has created 3.5 companies on average.
• Their top 5 markets for entrepreneurial opportunity are USA, China, Germany, France and the United Kingdom.
• 71% of Elite Entrepreneurs have a history of family business ownership. This trend is much more pronounced among entrepreneurs under the age of 35 years – the Millennipreneurs.
• TOP 3 industries for wealth creation are: IT, Online/mobile/digital, Manufacturing.

The report has examined five specific ELITE profiles:

• ULTRAPRENEURS - CSR is a notably more important aspect of their approach to business and investing
• SERIALPRENEURS - they are relentless in their approach to company creation to support wealth creation.
• MILLENNIPRENEURS - they are maturing and entering a new life phase where family plays a bigger part in their decision making and ambitions.
• WOMEN ENTREPRENEURS - they have smashed the glass ceiling but recognise that the future success of the next wave of female entrepreneurs requires more collective effort on their part.
• BOOMERPRENEURS - they are bigger fans of deploying their capital into private businesses rather than deploying themselves.

Discover the report on wealthmanagement.bnpparibas
More findings on the “Voice of Wealth” app on the App Store or on Google Play Store