According to data from the CEOWORLD magazine, China has the highest number of billionaires in the world, with a total of 969 billionaires, followed by the United States, with 691 billionaires, and India, with 187 billionaires. Germany and the United Kingdom complete the top five countries with 144 and 134 billionaires, respectively.
The rest of the top ten includes Switzerland (100 billionaires), France (73 billionaires), Russia (70 billionaires), Italy (58 billionaires), and Brazil (51 billionaires). There are 3,141 billionaires in the world as of 2023; in terms of the number of billionaires, the United States is almost 3.6 times bigger than India.
The majority of billionaires around the world have their wealth tied to equity ownership in public companies. In this sense, their wealth often reflects the sentiment in the stock market. For instance, Jeff Bezos has a 9.68% ownership stake in Amazon.com, Inc. (NASDAQ: AMZN); Elon Musk has a 13.0% stake in TESLA, INC. (TSLA); Larry Ellison has a 42.5% stake in ORACLE CORPORATION (ORCL); and Warren Buffett has a 38.1% stake in BERKSHIRE HATHAWAY INC. (BRK.A) as of 2023.
Furthermore, the concentration of wealth among billionaires also varies significantly between countries. For example, in the United States, the top ten billionaires alone have a combined net worth of over $1 trillion, more than many countries’ total GDP. On the other hand, in countries like Norway and the Netherlands, the top ten billionaires have a combined net worth of less than $30 billion.
Below is a list of countries by their number of billionaire residents, based on annual assessments of the net worth in US-Dollar of wealthy individuals worldwide. In total, the United States, China, and India have 59% of billionaires in the world, the report added. Many of the world’s billionaires’ wealth supersedes some countries’ GDP.
Countries With The Most Billionaires, 2023
|Rank||Country/Territory||Number of billionaires|
|22||United Arab Emirates||20|
|51||Saint Kitts and Nevis||2|
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