Top 10 Countries with the Most Billionaires in 2024

As the wealth of the world’s richest people grows, some countries are becoming hubs for billionaires. From technology leaders in Silicon Valley to industrial giants in India, billionaires are increasing their wealth and influencing many industries.

In 2024, countries with strong economies and thriving industries have seen more billionaires, while others have seen fewer. These countries are important because they help shape the world economy.

The list below shows which countries have the most billionaires in 2024: 

United States

Leading the pack, the U.S. has 813 billionaires, with their total wealth at $5.7 trillion. The growth in billionaire wealth here is thanks to industries like technology, finance, and entertainment. Elon Musk, known for Tesla and SpaceX, is the richest with $195 billion.

China

China is second with 406 billionaires, though this is fewer than last year. Their total wealth is $1.3 trillion. Even with some challenges in the tech industry, billionaires in e-commerce and real estate are still very wealthy. Zhong Shanshan is the richest, mainly thanks to his beverage company, Nongfu Spring.

India

India has seen a rise in billionaires to 200, with a total wealth of $954 billion. Mukesh Ambani is the richest with $116 billion, earned through his businesses in energy, telecom, and retail. As India’s economy grows, so does the number of its billionaires, especially in tech and energy.

Germany

Germany now has 132 billionaires, who collectively own $644 billion. The richest is Klaus-Michael Kuehne, with wealth from his logistics company, Kuehne + Nagel. Germany’s wealth comes from strong manufacturing, automotive, and pharmaceutical industries.

Russia

In Russia, there are now 120 billionaires with a combined wealth of $537 billion. The wealthiest, Vagit Alekperov, made his money in the oil industry. Despite some political and economic challenges, Russia’s billionaires continue to grow richer, mainly through energy and natural resources.

Italy

Italy’s billionaires have increased to 73, with a total wealth of $302 billion. Giovanni Ferrero, who made his fortune from Ferrero Rocher chocolates, is the wealthiest. Italy is known for luxury goods, food, and fashion, industries where its billionaires have made their mark.

Brazil

Brazil now has 69 billionaires, with their wealth jumping to $231 billion. Eduardo Saverin, a co-founder of Facebook, is among the richest. Brazil’s wealth is driven by its natural resources and a booming tech sector.

Canada

There are 67 billionaires in Canada, holding a total of $315 billion. The Thomson family, known for their media business, are the wealthiest. Canada’s economy benefits from natural resources, mining, and energy, and it’s seeing growth in tech and real estate.

Hong Kong

Hong Kong has 67 billionaires, with their wealth totalling $330 billion. The region is a major financial hub, with wealth mostly coming from real estate, finance, and retail. Li Ka-shing is the richest person in Hong Kong.

United Kingdom

The UK has 55 billionaires with a combined wealth of $225 billion. Michael Platt, who made his wealth in hedge funds, is the richest. The UK’s billionaires mostly come from finance, real estate, and tech sectors.