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Top 20 Countries with the Most Billionaires 2024

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Top 20 Countries with Most Billionaires

Which are the Countries with Most Billionaires?

In this article, we will look at the 25 countries with the most billionaires in 2024. There are a total of 2781 billionaires in the world as of 2024 according to information by Forbes magazine. Out of this number almost have of the number are Americans. The Country with the list number of billionaires is Panama with 1 person making the list.

Countries in the world with the Most Billionaires 2024

United States – 813 billionaires

The U.S. has been the world’s largest economy nominally since about 1890. The 2023 nominal U.S. gross domestic product (GDP) of $27 trillion was the highest in the world, constituting over 25% of the global economy or 15% at purchasing power parity (PPP).

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China – 406 billionaires

China has the world’s second-largest economy in terms of nominal GDP, and the world’s largest in terms of purchasing power parity (PPP). China accounts for around 18% of global economy by nominal GDP. China is one of the world’s fastest-growing major economies.

Countries with the Most Billionaires
Countries with the Most Billionaires

India – 200 billionaires

According to the International Monetary Fund (IMF), the Indian economy in 2024 was nominally worth $3.94 trillion; it was the fifth-largest economy by market exchange rates and is, at around $15.0 trillion

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Germany – 132 billionaires

Germany has a social market economy with a highly skilled labour force, a low level of corruption, and a high level of innovation.

It is the world’s third-largest exporter and third-largest importer, and has the largest economy in Europe, the world’s third-largest economy by nominal GDP and the fifth-largest by PPP.

Russia – 120 billionaires

Russia has a market economy, with enormous natural resources, particularly oil and natural gas.

 It has the world’s ninth-largest economy by nominal GDP and the sixth-largest by PPP. The large service sector accounts for 62% of total GDP, followed by the industrial sector (32%)

Italy – 73 billionaires

Italy has an advanced capitalist mixed economy that ranks as the third-largest in the eurozone and the eighth-largest in the world by nominal GDP. It has the ninth-largest national wealth and the third-largest central bank gold reserve.

Brazil – 69 billionaires

Brazil’s upper-middle income mixed market economy is rich in natural resources. It has the largest national economy in Latin America, the ninth-largest economy in the world by nominal GDP, and the eighth-largest by PPP.

Hong Kong – 67 billionaires

Hong Kong is another one of the countries with the most number of billionaires. One of the world’s most significant financial centers and commercial ports, Hong Kong has a market economy focused on services, characterised by low taxation, minimal government market intervention, and an established international financial market

Canada – 67 billionaires

Canada has a highly developed mixed-market economy, with the world’s ninth-largest economy as of 2023, and a nominal GDP of approximately US$2.221 trillion.

United Kingdom – 55 billionaires

The UK has a partially regulated market economy. Based on market exchange rates, the UK is the sixth-largest economy in the world and the second-largest in Europe by nominal GDP.

France – 53 billionaires

France has a mixed market economy, characterised by sizeable government involvement, and economic diversity. For roughly two centuries, the French economy has consistently ranked among the ten largest globally.

Taiwan – 51 billionaires

The quick industrialization and rapid growth of Taiwan during the latter half of the 20th century has been called the “Taiwan Miracle”. Taiwan is one of the “Four Asian Tigers” alongside Hong Kong, South Korea and Singapore

Australia – 48 billionaires

Australia’s high-income mixed-market economy is rich in natural resources. It is the world’s fourteenth-largest by nominal terms, and the 18th-largest by PPP. It has the second-highest amount of wealth per adult, after Luxembourg

Countries with the Most Billionaires

There you have it the list of the top 10 countries in the world with the most billionaires. It can be deduced that for a country to have a number of its citizens becoming billionaires, The economy of the nation must be conducive for private companies to thrive.

Source: Glusea

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