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How many billionaires are in the world?
In this article, you’ll learn about:
Let’s dig in.
There are 3,311 billionaires, accounting for about $11.8 trillion in wealth.
This number increased by 30% in the past five years.
The combined net worth of these billionaires is over $13 trillion.
The top 10 billionaires alone account for over $1.2 trillion.
The US has the highest number of billionaires with 724 individuals.
These numbers highlight the growing:
The billionaire class raises important questions about:
| Billionaires By Region | # Of Billionaires |
|---|---|
| North America | 614 |
| Europe | 775 |
| Asia | 896 |
| Middle East & Africa | 179 |
| Latin America | 191 |
In North America, the United States is home to the largest number of billionaires.
It has over 700 individuals on the Forbes Billionaires List.
New York City alone is home to over 100 billionaires.
This makes it the city with the most billionaires in the world.
In Europe, Germany has the largest number of billionaires.
It’s followed by the United Kingdom and Russia.
Many European billionaires made their fortunes in industries such as:
Asia is home to the largest number of billionaires globally.
It has over 1,000 individuals on the Forbes Billionaires List.
China is home to the largest number of billionaires in Asia.
Hong Kong and India followed close behind.
Many Asian billionaires made their fortunes in industries such as:
In South America, Brazil and Mexico have the largest number of billionaires.
Individuals in these countries make their fortunes in industries such as:
In Africa, South Africa has the largest number of billionaires.
Individuals in this country making their fortunes in industries such as:
| Billionaires By Country | # Of Billionaires |
|---|---|
| United States | 614 |
| China | 476 |
| India | 119 |
| Germany | 103 |
| Russia | 93 |
| United Kingdom | 84 |
| Hong Kong | 76 |
| Turkey | 70 |
| France | 63 |
| Italy | 55 |
| Switzerland | 52 |
| Japan | 50 |
| Canada | 49 |
| Brazil | 48 |
| South Korea | 39 |
| Spain | 30 |
| Taiwan | 26 |
| Mexico | 24 |
| Australia | 22 |
| Indonesia | 19 |
| Netherlands | 18 |
| Sweden | 17 |
The US has the most billionaires with 614.
In the United States, some of the wealthiest billionaires include:
Jeff Bezos, the founder of Amazon, has a net worth of over $150 billion.
Elon Musk, CEO of Tesla and SpaceX, has a net worth of over $100 billion.
Warren Buffett, known for Berkshire Hathaway, has a net worth of over $90 billion.
In China, the richest billionaire is Jack Ma, founder of Alibaba Group.
He has a net worth of over $60 billion.
In India, Mukesh Ambani is one of the wealthiest individuals.
He is the chairman and largest shareholder of Reliance Industries.
And he has a net worth of over $80 billion.
In Europe, Bernard Arnault, the CEO of LVMH, is the richest person.
He has a net worth of over $150 billion.
Amancio Ortega, the founder of Inditex, is the runner-up.
He has a net worth of over $70 billion.
| Billionaires By Race | % | # Of Billionaires |
|---|---|---|
| White | 79.5% | 1,879 |
| Black | 1.9% | 44 |
| Asian | 16.6% | 393 |
| Hispanic | 1.9% | 44 |
This data presents the breakdown of billionaires by race.
According to the data, the majority of billionaires, 79.5%, are White.
1,879 billionaires belong to this racial group.
Asian billionaires make up 16.6% of the total, with 393 billionaires.
Both Black and Hispanic billionaires represent only 1.9% each, with 44 billionaires each.
| City | Country | # Of Billionaires |
|---|---|---|
| New York City | USA | 105 |
| London | UK | 75 |
| Beijing | China | 72 |
| Moscow | Russia | 69 |
| Shanghai | China | 59 |
| Hong Kong | China | 58 |
| San Francisco | USA | 57 |
| Mumbai | India | 53 |
| Seoul | South Korea | 52 |
| Singapore | Singapore | 49 |
| Istanbul | Turkey | 47 |
| Rio de Janeiro | Brazil | 32 |
| Tokyo | Japan | 30 |
| Los Angeles | USA | 29 |
| Taipei | Taiwan | 26 |
| Dubai | United Arab Emirates | 24 |
| Johannesburg | South Africa | 22 |
| Paris | France | 21 |
| Madrid | Spain | 17 |
| Shenzhen | China | 16 |
| Bangalore | India | 15 |
| Sao Paulo | Brazil | 14 |
| Mexico City | Mexico | 13 |
New York City has the most billionaires with 105 billionaires.
London follows closely behind, with 75 billionaires.
Beijing, China, ranks third with 72 billionaires.
| Level Of Wealth | % of Population | Number of People |
|---|---|---|
| Billionaires | 0.000004% | 2,755 |
| Millionaires | 0.0017% | 37,406,100 |
| $100,000 - $1 Million | 0.89% | 183,562,100 |
| Under $100,000 | 99.10% | 4,700,090,700 |
This data shows the distribution of wealth across the global population.
Only a tiny fraction of the global population, 0.000004%, are billionaires.
There are a total of 2,755 billionaires in the world.
But the vast majority of people, 99.1%, have a net worth of under $100,000.
The data also shows that there is a significant number of millionaires in the world.
37,406,100 people, having a net worth of $1 million or more.
The majority of the population has a net worth under $100,000.
183,562,100 people have a net worth between $100,000 and $1 million.
This group is largely comprised of middle-class individuals.
This data highlights the disparities in wealth across the world population.
A small number of wealthy individuals hold a disproportionate amount of wealth.
The educational backgrounds of billionaires vary greatly.
Only 18% of billionaires have a college degree.
And a mere 7% have a master’s degree or higher.
This shows that formal education is not a prerequisite for being a billionaire.
The majority of billionaires, 56%, do not have a college degree at all.
This data challenges the assumption that a college education is necessary.
This highlights the importance of entrepreneurship and innovation.
Education may be beneficial for some billionaires.
But it is clear that it is not the only path to becoming a billionaire.
This highlights the significant role that technology plays in creating wealth.
Almost one-third of all billionaires are in this industry.
And the number of billionaires in these industries has increased over time.
The number of tech billionaires grew by 41% between 2020 and 2021.
The top 10 billionaires in the world have a combined net worth of over $1.2 trillion.
And the majority of their wealth comes from the tech and finance industries.
There are two main paths to wealth:
Both routes can lead to vast wealth.
But they often come with different perceptions and implications.
Inheritance billionaires are those who have inherited their wealth.
These individuals may not:
But they still have the same financial security as self-made billionaires.
Inheritance billionaires often come from wealthy families.
And their wealth gets passed down through generations.
Self-made billionaires have earned their wealth through entrepreneurship.
These individuals may have:
found other creative ways to generate income
Self-made billionaires often come from humble beginnings.
And their success gets seen as a result of hard work and perseverance.
The impact of technology on billionaire wealth has been significant.
The development of new technologies has:
This has resulted in massive wealth for those who capitalize on these changes.
For example, Amazon made Bezos the richest person in the world.
Uber and Airbnb have disrupted the:
Technology allows billionaires to grow businesses more efficiently.
Some say that billionaires’ contributions don’t match their:
And they should get regulated more heavily.
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