Top 10 Countries With The Most Billionaires
The world runs on money, and by 2024, there will be more money than ever before. At a record $14.2 trillion in total assets, there are currently 2,781 individuals on Forbes’ list of the world’s billionaires. They now represent 78 countries, as opposed to 77 in 2023. With 813 billionaires, total value $5.7 trillion, the United States continues to be the nation with the highest number of billionaires among its residents.
A total of 97 people have joined or returned to the ranks of the billionaire class in America, making them $1.2 trillion wealthier than they were a year ago. Notable additions include Taylor Swift, NBA legend Magic Johnson, and Sam Altman, CEO of OpenAI. Eight of the top 10 richest Americans, or fourteen out of the top twenty, are citizens of the United States. However, with an estimated net worth of $233 billion, Frenchman Bernard Arnault, the CEO of luxury goods juggernaut LVMH, remains the wealthiest person on the planet.
With 406 billionaires valued at $1.3 trillion, China has the second-highest number of billionaires after the United States with 496 billionaires valued at $1.67 trillion last year. The primary causes are a significant decline in real estate and a stock market meltdown that has cost China’s ultra-rich billions of dollars over the last three years.
The most populous nation in the world, India, was ranked third. This year, there were 200 billionaires in the nation—a record 200, including 25 newcomers. Their combined value has increased to $954 billion, a more than 40% increase from $675 billion in the previous year. Mukesh Ambani, the chairman of the massive conglomerate Reliance Industries, came in at number nine, and Gautam Adani, the chairman of the conglomerate Adani Group, based in Ahmedabad, came in at number seventeen. Both Indian nationals were listed in the top twenty.
Germany now ranks fourth overall with 132 billionaires, up from 126 the previous year. The combined wealth of Germans is $59 billion more than it was a year ago. The three cofounders of Munich-based data processing unicorn Celonis, Martin Klenk, Bastian Nominacher, and Alexander Rinke, are among the newcomers.
Here is the List of Top 10 Countries With The Most Billionaires:
10. The United Kingdom
Number of Billionaires: 55 billionaires
Michael Platt is the most rich person in the UK $225 billion in net worth (up from $202 billion). Michael Edward Platt (born 18 March 1968) is a British billionaire hedge fund manager.
He is the co-founder and managing director of BlueCrest Capital Management, Europe’s third-largest hedge-fund firm which he co-founded in 2000. He is Britain’s wealthiest hedge fund manager according to the Forbes Real Time Billionaires List, with an estimated wealth of US$15.2 billion.
9. Hong Kong
Number of billionaires: 67
Li Ka-shing the richest person in Hing Kong who has a total net worth of: $330 billion (down from $350 billion).
8. Canada
Number of billionaires: 67 (up from 63 the previous year)
Canada has the total net worth of $315 billion (up from $245 billion). The Richest individual is David Thomson & family is the richest individual with a total net worth of $67.8 billion.
7. Brazil
Total number of billionaires: 69 (compared to 51 the previous year)
The country has the total net worth of $231 billion (compared to $160 billion). Eduardo Saverin is the richest individual with $28 billion.
6. Italy
Total number of billionaires: 73 (up from 64 last year)
The country has the Total net worth: $302 billion (up from $216 billion). Giovanni Ferrero is the richest person with a total met worth of $43.8 billion.
5. Russia
Number of Billionaires: 120 billionaires
The country’s net worth is $537 billion. Vagit Alekperov is the richest individual there with $28.6 billion.
4. Germany
Number of billionaires: 132 (up from 126 the previous year)
In Germany Klaus-Michael Kuechne is the richest person with a total net worth of $39.2 billion.
3. India
Number of Billionaires: 200 billionaires
Mukesh Ambani us the richest man in India with a total net worth of $116 billion.
2. China
Number of Billionaires: 406 billionaires
Zhong Shanshan is the richest man in China with a total net worth of $62.3 billion.
1. The US
Number of Billionaires:813
Elon Musk is the richest person in US with a total net worth $5.7 trillion is the total net worth (vs. $4.5 trillion) Elon Musk is the richest individual at $195 billion.
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FAQs
Which is the most rich country?
The US
