Money
The 25 Countries With the Most Billionaires
The 25 Countries With the Most Billionaires
There are roughly 36 million millionaires in the world.
That means if you meet someone from the global population at random, there’s a 1 in 200 chance that they could be a millionaire – this makes for surprisingly good odds.
However, the billionaire on the other hand is a much rarer breed. According to Forbes, there are just over 2,000 billionaires in existence, making up just 0.00003% of the global population.
Where do these people live, and what countries have the highest concentrations of them as citizens?
25 Countries That are Rich in Billionaires
Today’s infographic comes to us from TitleMax, and it shows the 25 countries with the most billionaires in them. It also covers the richest person in each of these countries, as well.
Here is the list of countries, sorted by the number of billionaires:
Rank | Country | Billionaires |
---|---|---|
#1 | United States | 565 |
#2 | China | 319 |
#3 | Germany | 114 |
#4 | India | 101 |
#5 | Russia | 96 |
#6 | Hong Kong | 67 |
#7 | United Kingdom | 54 |
#8 | Brazil | 43 |
#9 | Italy | 42 |
#10 | Canada | 39 |
#11 | South Korea | 38 |
#12 | France | 38 |
#13 | Switzerland | 36 |
#14 | Australia | 33 |
#15 | Japan | 33 |
#16 | Sweden | 31 |
#17 | Taiwan | 31 |
#18 | Turkey | 29 |
#19 | Spain | 25 |
#20 | Singapore | 21 |
#21 | Indonesia | 20 |
#22 | Thailand | 20 |
#23 | Israel | 18 |
#24 | Mexico | 18 |
#25 | Philippines | 14 |
The United States has the most billionaires in total with 565.
In second place is China (319) – a country that is adding billionaires at a rapid pace, but also losing some of its ultra-rich population to capital flight.
Billionaire concentration
Although the United States has the most billionaires by a large margin, the country ranks 6th in terms of billionaire concentration.
In the U.S., there is one billionaire for every 571,858 people, but it is beat out in this measurement by Hong Kong (110k), Switzerland (233k), Singapore (267k), Sweden (319k), and Israel (475k).
Rank | Country | People per billionaire |
---|---|---|
#1 | Hong Kong | 109,657 |
#2 | Switzerland | 232,556 |
#3 | Singapore | 267,000 |
#4 | Sweden | 319,452 |
#5 | Israel | 474,833 |
#6 | United States | 571,858 |
#7 | Germany | 725,175 |
#8 | Australia | 731,212 |
#9 | Taiwan | 759,677 |
#10 | Canada | 930,513 |
#11 | United Kingdom | 1,215,566 |
#12 | South Korea | 1,348,684 |
#13 | Italy | 1,442,857 |
#14 | Russia | 1,503,125 |
#15 | France | 1,760,526 |
#16 | Spain | 1,862,400 |
#17 | Turkey | 2,741,724 |
#18 | Thailand | 3,443,000 |
#19 | Japan | 3,848,485 |
#20 | China | 4,322,884 |
#21 | Brazil | 4,830,233 |
#22 | Philippines | 7,378,571 |
#23 | Mexico | 8,500,000 |
#24 | Indonesia | 13,055,000 |
#25 | India | 13,108,911 |
Hong Kong, which has the highest rate of billionaires in the world, boasts 67 billionaires in just one city of roughly seven million.
For comparison’s sake, if Mainland China could somehow have the same rate of billionaire occurrences as Hong Kong, the country would amass 12,575 billionaires – more than six times the total amount in the world that currently exist!
Lowest Billionaire Concentrations
With only roughly 2,000 billionaires scattered throughout the world, it’s estimated that there are over 100+ countries and dependencies that actually have zero billionaires as citizens. For example, Haiti, Lithuania, Ethiopia, Belarus, and Andorra are just a few places that have millionaires, but no billionaires.
As for countries that made the above list, India and Indonesia are pretty scarce in terms of their billionaire concentrations – if you were to hit the street in these countries, the odds are 1 in 13 million that a random person would be a billionaire.
Markets
Top 10 Countries Most in Debt to the IMF
Argentina tops the ranking, with a debt equivalent to 5.3% of the country’s GDP.
Top 10 Countries Most in Debt to the IMF
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Established in 1944, the International Monetary Fund (IMF) supports countries’ economic growth by providing financial aid and guidance on policies to enhance stability, productivity, and job opportunities.
Countries seek loans from the IMF to address economic crises, stabilize their currencies, implement structural reforms, and alleviate balance of payments difficulties.
In this graphic, we visualize the 10 countries most indebted to the fund.
Methodology
We compiled this ranking using the International Monetary Fund’s data on Total IMF Credit Outstanding. We selected the latest debt data for each country, accurate as of April 29, 2024.
Argentina Tops the Rank
Argentina’s debt to the IMF is equivalent to 5.3% of the country’s GDP. In total, the country owns more than $32 billion.
Country | IMF Credit Outstanding ($B) | GDP ($B, 2024) | IMF Debt as % of GDP |
---|---|---|---|
🇦🇷 Argentina | 32 | 604.3 | 5.3 |
🇪🇬 Egypt | 11 | 347.6 | 3.1 |
🇺🇦 Ukraine | 9 | 188.9 | 4.7 |
🇵🇰 Pakistan | 7 | 374.7 | 1.8 |
🇪🇨 Ecuador | 6 | 121.6 | 4.9 |
🇨🇴 Colombia | 3 | 386.1 | 0.8 |
🇦🇴 Angola | 3 | 92.1 | 3.2 |
🇰🇪 Kenya | 3 | 104.0 | 2.8 |
🇬🇠Ghana | 2 | 75.2 | 2.6 |
🇨🇮 Ivory Coast | 2 | 86.9 | 2.3 |
A G20 member and major grain exporter, the country’s history of debt trouble dates back to the late 1890s when it defaulted after contracting debts to modernize the capital, Buenos Aires. It has already been bailed out over 20 times in the last six decades by the IMF.
Five of the 10 most indebted countries are in Africa, while three are in South America.
The only European country on our list, Ukraine has relied on international support amidst the conflict with Russia. It is estimated that Russia’s full-scale invasion of the country caused the loss of a third of the country’s economy. The country owes $9 billion to the IMF.
In total, almost 100 countries owe money to the IMF, and the grand total of all of these debts is $111 billion. The above countries (top 10) account for about 69% of these debts.
-
United States7 days ago
Mapped: Countries Where Recreational Cannabis is Legal
-
Healthcare2 weeks ago
Life Expectancy by Region (1950-2050F)
-
Markets2 weeks ago
The Growth of a $1,000 Equity Investment, by Stock Market
-
Markets2 weeks ago
Mapped: Europe’s GDP Per Capita, by Country
-
Money2 weeks ago
Charted: What Frustrates Americans About the Tax System
-
Technology2 weeks ago
Countries With the Highest Rates of Crypto Ownership
-
Mining2 weeks ago
Where the World’s Aluminum is Smelted, by Country
-
Personal Finance2 weeks ago
Visualizing the Tax Burden of Every U.S. State