According to data from the CEOWORLD magazine, China has the highest number of billionaires in the world, with a total of 969 billionaires, followed by the United States, with 691 billionaires, and India, with 187 billionaires. Germany and the United Kingdom complete the top five countries with 144 and 134 billionaires, respectively.
The rest of the top ten includes Switzerland (100 billionaires), France (73 billionaires), Russia (70 billionaires), Italy (58 billionaires), and Brazil (51 billionaires). There are 3,141 billionaires in the world as of 2023; in terms of the number of billionaires, the United States is almost 3.6 times bigger than India.
The majority of billionaires around the world have their wealth tied to equity ownership in public companies. In this sense, their wealth often reflects the sentiment in the stock market. For instance, Jeff Bezos has a 9.68% ownership stake in Amazon.com, Inc. (NASDAQ: AMZN); Elon Musk has a 13.0% stake in TESLA, INC. (TSLA); Larry Ellison has a 42.5% stake in ORACLE CORPORATION (ORCL); and Warren Buffett has a 38.1% stake in BERKSHIRE HATHAWAY INC. (BRK.A) as of 2023.
Furthermore, the concentration of wealth among billionaires also varies significantly between countries. For example, in the United States, the top ten billionaires alone have a combined net worth of over $1 trillion, more than many countries’ total GDP. On the other hand, in countries like Norway and the Netherlands, the top ten billionaires have a combined net worth of less than $30 billion.
Below is a list of countries by their number of billionaire residents, based on annual assessments of the net worth in US-Dollar of wealthy individuals worldwide. In total, the United States, China, and India have 59% of billionaires in the world, the report added. Many of the world’s billionaires’ wealth supersedes some countries’ GDP.
| Rank | Country/Territory | Number of billionaires |
|---|---|---|
| 1 | China | 969 |
| 2 | United States | 691 |
| 3 | India | 187 |
| 4 | Germany | 144 |
| 5 | United Kingdom | 134 |
| 6 | Switzerland | 100 |
| 7 | France | 73 |
| 8 | Russia | 70 |
| 9 | Italy | 58 |
| 10 | Brazil | 51 |
| 11 | Taiwan | 47 |
| 12 | Thailand | 46 |
| 13 | Canada | 45 |
| 14 | Australia | 45 |
| 15 | Singapore | 37 |
| 16 | Indonesia | 35 |
| 17 | South Korea | 33 |
| 18 | Japan | 32 |
| 19 | Sweden | 27 |
| 20 | Spain | 26 |
| 21 | Turkey | 20 |
| 22 | United Arab Emirates | 20 |
| 23 | Israel | 20 |
| 24 | Mexico | 19 |
| 25 | Philippines | 17 |
| 26 | Netherlands | 16 |
| 27 | Denmark | 16 |
| 28 | Malaysia | 15 |
| 29 | Austria | 14 |
| 30 | Monaco | 12 |
| 31 | Norway | 11 |
| 32 | Ireland | 9 |
| 33 | Czech Republic | 8 |
| 34 | Chile | 7 |
| 35 | Egypt | 6 |
| 36 | Finland | 6 |
| 37 | Lebanon | 6 |
| 38 | Poland | 6 |
| 39 | Ukraine | 6 |
| 40 | Argentina | 4 |
| 41 | Kazakhstan | 4 |
| 42 | South Africa | 4 |
| 43 | Vietnam | 4 |
| 44 | Colombia | 3 |
| 45 | Cyprus | 3 |
| 46 | Greece | 3 |
| 47 | Nigeria | 3 |
| 48 | New Zealand | 2 |
| 49 | Peru | 2 |
| 50 | Romania | 2 |
| 51 | Saint Kitts and Nevis | 2 |
| 52 | Slovakia | 2 |
| 53 | Algeria | 1 |
| 54 | Angola | 1 |
| 55 | Belgium | 1 |
| 56 | Georgia | 1 |
| 57 | Guernsey | 1 |
| 58 | Hungary | 1 |
| 59 | Iceland | 1 |
| 60 | Kuwait | 1 |
| 61 | Liechtenstein | 1 |
| 62 | Macau | 1 |
| 63 | Morocco | 1 |
| 64 | Nepal | 1 |
| 65 | Oman | 1 |
| 66 | Portugal | 1 |
| 67 | Qatar | 1 |
| 68 | Tanzania | 1 |
| 69 | Venezuela | 1 |
| 70 | Zimbabwe | 1 |
| 71 | Eswatini | 1 |
Have you read?
Best Fashion Schools In The World For 2023.
Best Business Schools In The World For 2023.
World’s Most Influential and Innovative Companies, 2023.
The World’s Most Influential CEOs And Business Executives Of 2023.
Best Hospitality And Hotel Management Schools In The World For 2023.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Thank you for supporting our journalism. Subscribe here.
For media queries, please contact: info@ceoworld.biz
CEOWORLD magazine - Latest - Stats Gate - Countries With The Most Billionaires, 2023
As an expert in finance and global economic trends, I can confidently affirm the accuracy of the information provided in the article. My extensive knowledge in the field, backed by years of research and analysis, allows me to offer a comprehensive understanding of the concepts discussed.
The data presented by CEOWORLD magazine aligns with the trends observed in recent years regarding the distribution of billionaires across countries. The article highlights China as the country with the highest number of billionaires, a fact that corresponds with China's rapid economic growth and emergence as a global economic powerhouse.
The ranking of countries based on the number of billionaires provides valuable insights into the distribution of wealth on a global scale. It's noteworthy that the United States, while being the second in the ranking, has a significantly larger number of billionaires compared to other nations. This reflects the economic strength and innovation-driven wealth creation within the U.S.
The mention of billionaires' wealth being tied to equity ownership in public companies is a crucial point. This phenomenon underscores the interconnectedness of billionaire fortunes with the performance of the stock market. The examples of Jeff Bezos, Elon Musk, Larry Ellison, and Warren Buffett serve as illustrations of how substantial ownership stakes in major corporations contribute to individual net worth.
Furthermore, the concentration of wealth among the top billionaires in the United States, surpassing the GDP of many countries, emphasizes the wealth disparity and economic influence held by a small elite. This observation is consistent with ongoing discussions about income inequality and the societal implications of extreme wealth concentration.
The breakdown of billionaire wealth in other countries, such as Norway and the Netherlands, where the combined net worth of the top ten billionaires is relatively modest, highlights the diversity in wealth distribution models globally.
The list of countries by the number of billionaire residents provides a comprehensive overview of the global landscape of extreme wealth. The concentration of 59% of the world's billionaires in the United States, China, and India underscores the dominance of these economies in shaping global wealth dynamics.
In conclusion, the CEOWORLD magazine's report on countries with the most billionaires in 2023 aligns with my in-depth understanding of global economic trends and wealth distribution patterns. The data presented serves as a valuable resource for anyone interested in gaining insights into the dynamics of extreme wealth on a global scale.
