About Steven Alderton

The Hurun Research Institute identified a record 1,603 unicorns globally — private companies founded after 2000 valued at US$1bn or more — up 5.3% on the prior year. Their combined value reached US$8 trillion, a remarkable 43% jump driven largely by AI. Anthropic (owner of Claude) claimed the top spot as the world's most valuable unicorn at US$965bn, posting the single largest one-year valuation gain ever recorded. OpenAI ranked second at US$852bn, with ByteDance third at US$480bn. The US led with 806 unicorns, followed by China with 381. Together they account for 74% of the global total. The UK overtook India for third place with 70 unicorns. AI dominated by value with 36% of total unicorn value, while FinTech led by number with 216 unicorns. San Francisco remained the world's unicorn capital with 222, ahead of New York (141) and Beijing (86). 308 new unicorns were minted in the year — nearly one per day. The average unicorn is 10.3 years old, founded by entrepreneurs aged 35 on average.