PBI has drawn on WealthInsight’s research to analyse a specific industry which plays a major part in driving high net worth wealth creation. This month, PBI looked at the technology and telecommunications industry in Japan, India, the United States, China and the United Kingdom.
The technology sector represents a huge investment and wealth creation opportunity for multiple regions around the world. It is also a field which entrepreneurs tend to relish. Increased internet usage is also broadening both the industry’s target market and their level of innovation.
Go deeper with GlobalData
More than ever before, technology and telecommunications is one of the most competitive industries with firms continually needing to adapt their business models in terms of cost management, products, service quality and innovation.
Despite economic uncertainties, companies are still investing in new products for large sums of money. For example, Facebook has spent more than $20 billion in acquisitions this year alone. Mobile and digital devices, marketing technology and the internet will keep driving the industry for years to come.
Key Geographies
Countries with high levels of human capital development, research and innovation, as well as high capital, are hubs for investors in the technology and telecommunications sector.
Japan has a huge technology and telecommunications industry with an immense amount of wealth emerging from it. 16.3% of high-net-worth-individuals (HNWIs) and 15.6% of ultra-high-net-worth individuals (UNHWIs) make their money in this sector. Mr Masayoshi Son is the 10th richest person creating in the industry. In addition, between 2009 and 2013, the amount of HNWIs within technology increased by 37.2%, the largest rise of any sector in that time period.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData| Name | Wealth (US$bn) | Industry | City of Residence |
| Mr. Masayoshi Son | 20.0 | Technology and telecommunications | Tokyo |
| Mr. Hiroshi Mikitani | 7.7 | Technology and telecommunications | Hyugo |
| Mr. Taizo Son | 2.6 | Technology and telecommunications | Tokyo |
India’s technology industry is booming in HNWIs and UHNWIs, with 14.3% and 14.7% respectively creating their wealth in the field. This is the highest of any industry in the country. It is showing no signs of slowing down either, with a 45.5% increase in HNWI volume in the sector between 2009 and 2013. Mr Mukesh Ambani, with a net worth of $23.8 billion, is the 8th richest person working in this area.
| Name | Wealth (US$bn) | Industry | City of Residence |
| Mr. Mukesh Dhirubhai Ambani | 23.8 | Technology and telecommunications | Mumbai |
| Mr. Shiv Nadar | 10.9 | Technology and telecommunications | New Delhi |
| Mr. Srichand Parmanand Hinduja | 4.5 | Technology and telecommunications | London |
The United States is abundant with wealthy individuals exploring technology and telecommunications. Not only is the richest man in the sector, Bill Gates, located in the US, but four of the five wealthiest individuals in the sector are located there as well. 11.8% of HNWIs create their wealth in tech, a 51% increase from 2008.
| Name | Wealth (US$bn) | Industry | City of Residence |
| Mr. William Henry Gates III | 72.7 | Technology and telecommunications | Medina |
| Mr. Lawrence Joseph Ellison | 42.2 | Technology and telecommunications | San Francisco |
| Dr. Lawrence Edward Page | 35.0 | Technology and telecommunications | Michigan |
China’s technology sector is rapidly increasing their value with 96% more HNWIs making their money in the field from 2008. Currently, 10.3% of HNWIs and 10.2% of UHNWIs are heavily invested in the area.
| Name | Wealth (US$bn) | Industry | City of Residence |
| Mr. Huateng Ma | 13.9 | Technology and telecommunications | Chaoyang |
| Mr. Yanhong Li | 12.4 | Technology and telecommunications | Beijing |
| Mr. Zhidong Zhang | 7.9 | Technology and telecommunications | Shenzhen |
The United Kingdom holds the technology sector in high regard with 10.1% of HNWIs creating their wealth in the field, the fourth wealthiest in the country. Unfortunately, between 2007 and 2012, the number of HNWIs creating their fortune in the industry fell by7%.
| Name | Wealth (US$bn) | Industry | City of Residence |
| Sir Charles William Dunstone | 2.2 | Technology and telecommunications | London |
| Mr. Nadhmi Shakir Auchi | 2.1 | Technology and telecommunications | London |
| Dr. Mohammed Ibrahim | 1.0 | Technology and telecommunications | London |
