In this article, we take a look at the 10 richest countries with the most billionaires. If you want to check out our detailed analysis of billionaires’ effects on the economy, go directly to the 25 Richest Countries with the Most Billionaires.
10. Taiwan
Number of Billionaires: 51
Taiwan has 51 billionaires as of 2022 and a nominal GDP of $0.8 trillion. Taiwan dominates the chip industry, with its Taiwan Semiconductor Manufacturing Company Limited having a whopping 60% share of the global foundry market.
9. Italy
Number of Billionaires: 52
Italy has 52 billionaires as of 2022, making it one of the richest countries with the most billionaires. Italy has a GDP of $2.1 trillion as of 2021.
8. Brazil
Number of Billionaires: 62
Brazil is the biggest economy in Latin America, with a 2021 GDP of $1.6 trillion. It has 62 billionaires as of 2022, with Jorge Paulo Lemann being the richest billionaire in the country as of the same year.
7. Canada
Number of Billionaires: 64
Canada has a GDP of $2 trillion, with the number of billionaires in the country amounting to 64 as of 2022. One of the most prominent billionaires in the country is the Chinese Canadian, Changpeng Zhao, the CEO of Binance, the biggest cryptocurrency exchange in the world.
6. Hong Kong, SAR
Number of Billionaires: 67
Hong Kong, SAR, has 67 billionaires as of 2022, with Li Ka-shing being the richest one, with a net worth of $36 billion. Li Ka-shing is widely regarded as one of the most influential business people in Asia.
Hong Kong has a GDP of $370 billion as of 2022, but the large number of billionaires relative to its small GDP has to do with the fact that Hong Kong is considered one of the three main financial hubs in the world, apart from New York and London.
5. Russia
Number of Billionaires: 83
Russia has 83 billionaires as of 2022, down from 117 in 2021, with a collective net worth of over $400 billion. Russian billionaires are primarily involved in energy, mining and real estate sectors and many of the billionaires in the country are often described as oligarchs connected to Putin’s government.
The Russian billionaires have lost nearly $100 billion in wealth as a result of Western sanctions amid the country’s ongoing assault on Ukraine.
4. Germany
Number of Billionaires: 134
Germany is the richest economy in Europe, with a GDP of $4.26 trillion as of 2021. The number of billionaires in the country amounts to 134 as of 2022. Germany also has one of the highest GDPs per Capita in the world.
3. India
Number of Billionaires: 166
India has one of the lowest GDPs per Capita in the world but it is one of the richest countries in the world with the most billionaires. It all comes down to a huge economy and population size. There are 0.7 million dollar-millionaires in the country and it is home to 166 billionaires, with the top 100 Indian billionaires having a collective net worth of $660 billion, far superseding the combined GDPs of countries like Qatar, Luxembourg and Monaco.
2. China
Number of Billionaires: 539
China has a total of 539 billionaires as of 2022, making it one of the richest countries with the most billionaires. China’s billionaires have a collective net worth of $1.45 trillion, superseding the entire 2021 GDP of Spain.
Its richest billionaire, Zhang Shanshan, has a net worth of $62 billion as of 2022. The country’s top two tech billionaires include Ma Huateng and Jack Ma, with the former leading the Tencent company, while the latter being the founder of Alibaba Group, the e-commerce giant.
1. United States
Number of Billionaires: 735
The US leads the world with the highest number of billionaires in any country. It has 735 billionaires as of 2022, up from 724 in 2021, with New York City alone being home to 138 billionaires. The collective wealth of US billionaires stands at $4.5 trillion as of 2022.
The country’s top billionaires include Elon Musk, the CEO of Tesla, SpaceX and Twitter; Jeff Bezos, the founder of Amazon; Bill Gates, the cofounder of Microsoft; and Warren Buffett, the famed investor and chairperson of Berkshire Hathaway.
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