The world's 431 female billionaires and their wealth management practices

• Thirteen percent of billionaires are women, according to the Altrata Billionaire Census.
• Nonprofit and social organizations are more frequently the focus of philanthropic efforts by women.

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With the increase in women's share of global wealth, they are also gaining a larger presence in the billionaire class, and are developing new objectives and charitable endeavors, as stated in a recent study.

The number of female billionaires in the world has been steadily increasing over the past decade, with 13% (or 431) of the 3,323 billionaires being women, according to the Altrata Billionaire Census.

The three-comma club will continue to become more feminized due to the growth in female entrepreneurship, changing cultural attitudes, and the increasing frequency of substantial inter-generational wealth transfers, according to the report.

The report found that inheritances have been the most powerful driver of the 431 female billionaires today, with three-quarters inheriting a portion of their wealth. In fact, 38% of these women inherited all their wealth, including the three richest women in the world, Alice Walton, Julia Flesher Koch and family, and Françoise Bettencourt Meyers. On the other hand, only 5% of male billionaires inherited their fortunes.

In the coming decade, women are predicted to inherit up to $30 trillion as part of the Great Wealth Transfer, with self-made women billionaires being a quarter as common as self-made men billionaires.

According to the report, women billionaires prioritize nonprofit and social organizations while male billionaires focus on different areas of spending.

A report found that nearly one in five female billionaires spend most of their professional time in nonprofits, compared to 5% of men. The study suggests that the high prevalence of inheritances among women is the primary reason for their charitable focus, as they tend to have fewer commercial commitments and there is a strong link between inherited wealth and earlier engagement in philanthropy, welfare, and social justice.

Billionaire women and men have slightly different financial portfolios. While women often inherit private companies and have more of their wealth in private holdings (35% versus 28% for men), they also have more liquid assets and cash (39% versus 30%). On the other hand, billionaire men have far more stocks, with men having 40% of their wealth in stocks compared with 22% for women, largely due to the tech-focused billionaires who launched public companies.

Billionaire women are more likely to own luxury real estate and art, while billionaire men are more likely to own expensive toys such as private jets, yachts, and cars. Specifically, billionaire women are 1.5 times more likely to own real estate worth more than $10 million, while billionaire men are 3.8 times more likely to own a car worth more than $1 million and more than twice as likely to own a yacht.

The gender divide in hobbies is more pronounced, with women favoring philanthropy, art, education, and travel, while men prefer sports, aviation, the outdoors, and politics.