Top 15 countries with highest number of billionaires in dollar

Wealth is one of the things most humans strive to accumulate. Being wealthy is a state where you have enough resources to meet your needs and live comfortably without constant worry about money.

This includes having emergency savings, reliable income, and the ability to afford essentials and some luxuries.

There are some individuals who have these wealth in abundance and they are likely to be found in certain countries than others.

This article explores the countries with the highest number of billionaires when their net worth is converted to US dollars, according to a report by Forbes, a wealth estimator magazine.

1. United States (US) – 735

The United States is home to the most billionaires in the world, with estimates ranging from 735 according to Forbes and 614 according to Wikipedia (figures based on 2023 data).

At the time of writing this article, the richest man in the United States (US) is Elon Musk, who has an estimated net worth of $230.2 billion.

His wealth primarily comes from his stakes in Tesla, SpaceX, and other companies he has founded or invested in. Forbes named him the richest person in America for the second year running in their 2023 “400 Richest Americans” list.

Top Richest People in the United States

2. China – 495

China’s economy is indeed one of the strongest in the world. It boasts of 495 billionaires.

At the time of filing this report, the title of richest Chinese billionaire belongs to Zhong Shanshan, who has an estimated net worth of $62.5 billion.

He made his fortune primarily through ventures in the food and beverage industry, most notably with his bottled water company Nongfu Spring.

Top Richest People in China

3. India -169

India is the most populous country in the world, boasting a population of over 1.4 billion. Among these people are 169 recognized billionaires whose wealth competes with counterparts across the globe.

Mukesh Ambani reigns supreme among Indian billionaires, with a net worth of $100.8 billion.

Ambani chairs Reliance Industries, a conglomerate spanning petrochemicals, oil and gas, retail, telecom, and more.

Top Richest People in India

4. Germany – 126

Germany boasts over 100 billionaires active in various fields like pharmaceuticals, engineering, media, and more.

Notable names include Dietmar Hopp (software), Friedhelm Loh (mechanical engineering), and Wolfgang Marguerre (financial services).

At the time of filing this report, the retail king, Dieter Schwarz, is the richest man in Germany with a net worth of $49.6 billion.

His Schwarz Gruppe oversees supermarket giants Lidl and Kaufland, making him a household name in Germany and beyond.

Top Richest People in Germany

5. Russia – 105

Russia boasts of 105 billiobaires. The richest is Andrey Melcnichenko & Family.

Top Richest People in Russia

6. Hong Kong – 66

7. Italy – 64

8. Canada – 63

9. Taiwan – 52

10. UK – 52

11. Brazil – 51

12. Australia – 47

13. France – 43

14. Switzerland – 41

15. Japan – 40

Summary of the top 15 countries with the highest number of billionaires:

Rank Country Number of billionaires Richest Man | Net Worth
1. United States 735 Elon Musk | $230.2 Billion
2. China 495 Zhong Shanshan | $62.5 Billion
3. India 169 Mukesh Ambani | $107.9 Billion
4. Germany 126 Dieter Schwarz | $49.6 Billion
5. Russia 105 Andrey Melcnichenko & Family | $24.9
6. Hong Kong 66 Li Ka-shing | $35.9 Billion
7. Italy 64 Giovanni Ferrero | $39.9 Billion
8. Canada 63 David Thomson & family | $61.1 Billion
9. Taiwan 52 Barry Lam | $10.2 Billion
10. United Kingdom (UK) 52 James Ratcliffe | $21.4 Billion
11. Brazil 51 Eduardo Saverin | $20.9 Billion
12. Australia 47 Gina Rinehart | $33.1 Billion
13. France 43 Bernard Arnault & family | $182.5 Billion
14. Switzerland 41 Gianluigi Aponte | $31.4 Billion
15. Japan 40 Tadashi Yanai & family | $40.9 Billion
Source: Forbes 2024 [January 15, 2024]
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