World economy: Top 15 countries with the most billionaires
According to the latest ranking by Wealth-X's 2019 Billionaire Census, the United States has the most billionaires in the world with 420 more people than China. In total, there are 705 billionaires in the US, 285 in China, 146 in Germany, 102 in Russia, and 97 in the UK.
The total worth of US billionaires is more than the billionaires of eight highest-ranking countries of China, Russia, Germany, United Kingdom, Switzerland, Hong Kong, India, and Saudi Arabia put together, Business Insider reports.
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In all, there are 1,942 billionaires in the top 15 countries with the financial worth of $6.8 trillion, which accounts for 79 percent of total global billionaire wealth in 2018.
As at the time of writing this, Nigeria does not make the list. Perhaps, Nigeria could qualify when it has more billionaires as Aliko Dangote's present net worth ($10.2 billion) beats the richest men's financial worth in Singapore, United Arab Emirates, Canada, and India.
Here are therefore the top 15 countries with the most billionaires in 2019:
1. United States
Number of billionaires: 705
Total billionaire wealth: $3,013 billion
Richest Individual: Jeff Bezos ($118 billion)
2. China
Number of billionaires: 285
Total billionaire wealth: $996 billion
Richest Individual: Jack Ma ($41.8 billion)
3. Germany
Number of billionaires: 146
Total billionaire wealth: $442 billion
Richest Individual: Dieter Schwarz ($23.6 billion)
4. Russia
Number of billionaires: 102
Total billionaire wealth: $355 billion
Richest Individual: Leonid Mikhelson ($21.6 billion)
5. United Kingdom
Number of billionaires: 97
Total billionaire wealth: $209 billion
Richest Individual: Jim Ratcliffe ($18.7 billion)
6. Switzerland
Number of billionaires: 91
Total billionaire wealth: $240 billion
Richest Individual: Ernesto Bertarelli ($16 billion)
7. Hong Kong
Number of billionaires: 87
Total billionaire wealth: $259 billion
Richest Individual: Li Ka-Shing ($30.8 billion)
8. India
Number of billionaires: 82
Total billionaire wealth: $284 billion
Richest Individual: Mukesh Ambani ($49.5 billion)
9. Saudi Arabia
Number of billionaires: 57
Total billionaire wealth: $147 billion
Richest Individual: Alwaleed Al Saud ($14.7 billion)
10. France
Number of billionaires: 55
Total billionaire wealth: $195 billion
Richest Individual: Bernard Arnault ($88.5 billion)
11. United Arab Emirates
Number of billionaires: 55
Total billionaire wealth: $165 billion
Richest Individual: Majid Al Futtaim ($5.13 billion)
12. Brazil
Number of billionaires: 49
Total billionaire wealth: $154 billion
Richest Individual: Jorge Paulo Lemann ($22.4 billion)
13. Italy
Number of billionaires: 47
Total billionaire wealth: $141 billion
Richest Individual: Giovanni Ferrero ($24.2 billion)
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14. Canada
Number of billionaires: 45
Total billionaire wealth: $87 billion
Richest Individual: Sherry Brydson ($8.39 billion)
15. Singapore
Number of billionaires: 39
Total billionaire wealth: $84 billion
Richest Individual: Wee Cho Yaw ($8.53 billion)
Recall that Legit.ng earlier reported that Qatar, Macao, Luxemborg, Singapore, and Brunei Darussalam are some of the world's top 10 richest countries according to the Gross Domestic Product (GDP).
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Source: Legit.ng
