Top 25 Countries in the World With the Highest Number of Billionaires in 2024

The top 25 countries in the world in terms of billionaires in 2024 will be discussed in this article.

China Loses $155 Billion in Wealth

In 2024, the United States, China, and India—the three countries with the biggest economies in the world—will have the most billionaires. Large markets and growth potential mean that China and the US have no competition when it comes to helping millionaires become billionaires. With one of the world’s fastest-growing economies, India is not far behind either. By the year 2100, the economies of China, India, and the United States will be the three biggest globally. The US and India will trail China as the top economies.

The United States added the highest number of billionaires to the Global Rich List 2024—109 new billionaires were added by the country, according to the Hurun report. India, which added 84 new billionaires to the list, ranked as the second-best nation. The economic distress and property market crisis caught most people off guard, even though it was predictable. China lost 155 billionaires as a result.

AI Will Benefit Billionaires

According to the Hurun report, there will be 3,279 billionaires worldwide in 2024, an increase of 167. For the first time in seven years, New York took the top spot, home to 119 billionaires, followed by London with 97 billionaires. Since AI accounted for half of the new billionaires, it was a major factor in the rise of billionaires. The financial services industry accounted for about 10% of the billionaires, with consumer goods coming in second at 8% and food and drink at 7%.

The real deal, with enormous success in AI, is NVIDIA Corporation (NASDAQ:NVDA). Due to its success in AI, NVIDIA Corporation’s (NASDAQ:NVDA) stock has increased by over 100% in the last six months as of March 29. At the NVIDIA GTC 2024 Keynote on March 18, the company’s CEO, Jensen Huang, unveiled the NVIDIA Blackwell platform. The purpose of this platform is to power the next phase of AI computing. To facilitate generative AI applications and immersive in-car experiences, the NVIDIA Blackwell GPU will be utilized in the automotive sector and integrated into the NVIDIA DRIVE Thor centralized car computer.

Among the richest people in the world, Meta Platforms, Inc. (NASDAQ:META) founder and CEO Mark Zuckerberg has risen 12 spots to fourth place. As of March 29, 2024, Zuckerberg has a net worth of approximately $170 billion. Zuckerberg’s net worth was approximately $90 billion in 2023, a year ago. As of March 29, the hype surrounding AI has caused shares of Meta Platforms, Inc. (NASDAQ:META) to surge by over 185% in the previous six months. Meta Platforms, Inc. (NASDAQ:META) released its fourth quarter 2023 earnings report on February 1. The business reported $5.33 earnings per share, $0.39 more than analysts had predicted. The actual revenue was approximately $40.11 billion, $940.64 million more than anticipated.

In light of this, let’s examine the countries that will produce the greatest number of billionaires by 2024.

Our Methodology

Data from the Hurun Global Rich List 2024 was used to create our list of the top 25 nations in the world in terms of billionaires in 2024. In 2024, the nations with the highest concentration of billionaires are arranged in ascending order by the total number of billionaires. We have used the change in the total number of billionaires from year to year as a tie-breaker in nations with comparable numbers of billionaires. We also included the wealthiest individual in each of these nations, based on information from the Forbes Real Time Billionaires List as of March 29, 2024.

25 Countries With Most Billionaires in 2024

1. China

No. of Billionaires (2024): 814
Year-over-Year Change: -155

By 2024, China will have 814 billionaires in total. China still holds the top spot among the countries with the most billionaires worldwide, despite removing 115 individuals from the list.

2. United States

No. of Billionaires (2024): 800
Year-over-Year Change: 109

With 800 billionaires overall, the United States is ranked second among nations with the greatest number of billionaires in 2024. As of March 29, Jeff Bezos has a net worth of $198.4 billion, making him the richest person in the United States.

3. India

No. of Billionaires (2024): 271
Year-over-Year Change: 84

India’s economy is still booming, and the country has added 84 more billionaires to its list. As of March 29, Mukesh Ambani had a net worth of approximately $116.7 billion, making him the richest person in India.

4. United Kingdom

No. of Billionaires (2024): 146
Year-over-Year Change: 12

The wealthiest person in the United Kingdom is Michael Platt. With 12 new billionaires, the United Kingdom surpassed Germany to take fourth place, bringing the total number of billionaires to 146. As of 2024, the UK is ranked fourth in the world among nations with the highest number of billionaires.

5. Germany

No. of Billionaires (2024): 140
Year-over-Year Change: -4

By 2024, Germany will have 140 billionaires, making it one of the world’s largest economies. The richest person in Germany is Klaus-Michael Kuehne.

6. Switzerland

No. of Billionaires (2024): 106
Year-over-Year Change: 6

As of 2024, Switzerland was home to 106 billionaires. Switzerland is ranked sixth in terms of the number of billionaires in the world in 2024.

7. Russia

No. of Billionaires (2024): 76
Year-over-Year Change: 6

One of the countries with the highest number of billionaires in 2024 is Russia. In 2024, there will be 76 billionaires in the nation, with Vagit Alekperov being the richest Russian.

8. Italy

No. of Billionaires (2024): 69
Year-over-Year Change: 11

The list of billionaires now stands at 69 after Italy added 11 new billionaires. As of March 29, Giovanni Ferrero has a net worth of approximately $43.3 billion, making him the richest person in Italy.

9. France

No. of Billionaires (2024): 68
Year-over-Year Change: -4

As of 2024, France has 68 billionaires after losing 4 billionaires. As of March 29, French billionaire Bernard Arnault possesses a net worth of $227 billion, making him the richest person in the world.

10. Brazil

No. of Billionaires (2024): 64
Year-over-Year Change: 13

Brazil is ranked 10th in terms of the number of billionaires in the world in 2024. As of 2024, Brazil boasted 64 billionaires, having added 13 new ones. The wealthiest person in Brazil is Eduardo Saverin.

11. Canada

No. of Billionaires (2024): 53
Year-over-Year Change: 8

In 2024, Canada will have 53 billionaires after an increase of 8 billionaires. As of March 29, David Thomson is the richest person in Canada, with a net worth estimated at $67.5 billion.

12. Thailand

No. of Billionaires (2024): 49
Year-over-Year Change: 3

As of March 29, Dhanin Chearavanont, with a net worth of $11.9 billion, is the richest person in Thailand. Thailand is ranked 12th among the nations with the most billionaires in 2024, with 49 billionaires.

13. Indonesia

No. of Billionaires (2024): 47
Year-over-Year Change: 12

As of March 29, Prajogo Pangestu is the richest person in Indonesia, with a net worth estimated at $38.5 billion. In 2024, Indonesia added 12 more billionaires to its list.

14. Australia

No. of Billionaires (2024): 45
Year-over-Year Change: 0

Australia’s billionaires are the same in 2024 as they were in 2023. Australia is among the nations with the highest number of billionaires in 2024, with a total of 45 billionaires.

15. Japan

No. of Billionaires (2024): 44
Year-over-Year Change: 12

As of 2024, Japan boasts one of the greatest economies globally, with 44 billionaires in total. Japan is the fifteenth-most-rich country in the world as of 2024.

16. Singapore

No. of Billionaires (2024): 42
Year-over-Year Change: 5

As of 2024, Singapore boasts 42 billionaires overall, having seen a rise of 5 billionaires in the country. As of March 29, Li Xiting has a net worth of $14.5 billion, making her the richest person in Singapore.

17. South Korea

No. of Billionaires (2024): 37
Year-over-Year Change: 4

As of March 29, Jay Y. Lee had a net worth of $11.6 billion, making him the richest person in South Korea. South Korea is ranked 17th among the nations with the most billionaires in 2024, with a total of 37 billionaires.

18. Israel

No. of Billionaires (2024): 29
Year-over-Year Change: 9

As nine more billionaires were added to the list in 2024, Israel now boasts a total of 29 billionaires. In 2024, Israel is among the nations with the highest number of billionaires.

19. Spain

No. of Billionaires (2024): 27
Year-over-Year Change: 1

In 2024, there will be 27 billionaires in Spain. With a net worth of $114.1 billion as of March 29, Amancio Ortega is the wealthiest person in Spain and the 12th richest person worldwide.

20. Türkiye

No. of Billionaires (2024): 25
Year-over-Year Change: 5

By 2024, Turkey will have produced five billionaires and twenty-five billionaires overall. Turkey is ranked 20th in the world in terms of the number of billionaires in 2024.

21. Sweden

No. of Billionaires (2024): 25
Year-over-Year Change: -2

As of March 29, Stefan Persson has a net worth of approximately $18.2 billion, making him the richest person in Sweden. As of 2024, Sweden had 25 billionaires overall, having lost two billionaires. In 2024, Sweden is among the countries with the highest number of billionaires.

22. United Arab Emirates

No. of Billionaires (2024): 24
Year-over-Year Change: 4

Among the richest Arab nations is the United Arab Emirates. As of 2024, there are twenty-four billionaires in the United Arab Emirates, with Pavel Durov being the richest individual in the nation.

23. Mexico

No. of Billionaires (2024): 22
Year-over-Year Change: 3

In 2024, Mexico ranked 23rd among the nations with the highest number of billionaires, having seen a rise of three billionaires. As of 2024, there were 22 billionaires in Mexico.

24. Malaysia

No. of Billionaires (2024): 19
Year-over-Year Change: 4

One of Southeast Asia’s biggest economies is that of Malaysia. Malaysia is among the nations with the highest number of billionaires in 2024, having added four billionaires to its list. As of March 29, Robert Kouk has a net worth of $11.4 billion, making him the richest Malaysian.

25. Monaco

No. of Billionaires (2024): 18
Year-over-Year Change: 6

Officially the Principality Monaco is a microstate and one of the richest places in the world. As of 2024, Monaco has eighteen billionaires in total, having added six during the previous year. Monaco has one of the richest people in the world, Stefano Pessina, and it is ranked 25th in the world in terms of the number of billionaires in 2024.