A bearing assembly having an absolute encoder built therein, which comprises: a rolling bearing including a rotatable raceway member, a stationary raceway member enclosing the rotatable raceway member with a cylindrical bearing space defined between it and the rotatable raceway member, and a circumferential row of rolling elements rollingly housed within the cylindrical bearing space and interposed between the rotatable and stationary raceway members; a first to-be-detected element for a detection of an absolute angle, which is carried by the rotatable raceway member and has a magnetic characteristic cyclically varying in a direction circumferentially thereof; a first magnetic sensor for the detection of the absolute angle, which is carried by the stationary raceway member in face-to-face relation with the first to-be-detected member; a second to-be-detected element for a detection of an original position, which is carried by the rotatable raceway member at a location separate from the first to-be-detected element and has a magnetic characteristic of a single pole or a single pair of N and S poles; a second magnetic sensor for the detection of the original position, which is carried by the stationary raceway member in face-to-face relation with the second magnetic to-be-detected element; and a magnetic detecting circuit for supplying an electric power to each of the first and second magnetic sensors and for processing respective output signals from the first and second magnetic sensors to generate to an external circuit a signal indicative of the absolute angle of rotation of the rotatable raceway member and an origin signal indicative of an original position of the rotatable raceway member during one complete rotation of the rotatable raceway member relative to the stationary raceway member; wherein the second to-be-detected element is disposed with its direction of a magnetic field offset 90° from the direction of the magnetic field of the first to-be-detected element; wherein the first and second to-be-detected elements are spaced an axial distance of 0.5 mm or more and a radial distance of 0.5 mm or more from each other, and wherein the first to-be-detected element has a magnetic characteristic having a cycle matching with one complete rotation of the rotatable raceway member. a rolling bearing including a rotatable raceway member, a stationary raceway member enclosing the rotatable raceway member with a cylindrical bearing space defined between it and the rotatable raceway member, and a circumferential row of rolling elements rollingly housed within the cylindrical bearing space and interposed between the rotatable and stationary raceway members; a first to-be-detected element for a detection of an absolute angle, which is carried by the rotatable raceway member and has a magnetic characteristic cyclically varying in a direction circumferentially thereof; a first magnetic sensor for the detection of the absolute angle, which is carried by the stationary raceway member in face-to-face relation with the first to-be-detected member; a second to-be-detected element for a detection of an original position, which is carried by the rotatable raceway member at a location separate from the first to-be-detected element and has a magnetic characteristic of a single pole or a single pair of N and S poles; a second magnetic sensor for the detection of the original position, which is carried by the stationary raceway member in face-to-face relation with the second magnetic to-be-detected element; and a magnetic detecting circuit for supplying an electric power to each of the first and second magnetic sensors and for processing respective output signals from the first and second magnetic sensors to generate to an external circuit a signal indicative of the absolute angle of rotation of the rotatable raceway member and an origin signal indicative of an original position of the rotatable raceway member during one complete rotation of the rotatable raceway member relative to the stationary raceway member; wherein the second to-be-detected element is disposed with its direction of a magnetic field offset 90° from the direction of the magnetic field of the first to-be-detected element; wherein the first and second to-be-detected elements are spaced an axial distance of 0.5 mm or more and a radial distance of 0.5 mm or more from each other, and wherein the first to-be-detected element has a magnetic characteristic having a cycle matching with one complete rotation of the rotatable raceway member.