- A Knight Frank Wealth report has ranked the countries around the world with the most billionaires.
- The US, China, and Germany came top, with China fast catching up.
- Some much smaller countries, like Taiwan and Switzerland, also made the cut.
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Even though billionaires can pretty much choose to live wherever they want to in the world, it seems like most of them prefer the same few places.
There are 1,732 billionaires in the world currently. 15 countries dominated in terms of how many of them live there, according to the M&A broker firm Latona’s, which analyzed five years of a wealth report compiled by the real estate company Knight Frank.
Take a look at which countries worldwide have the most billionaires, ranked in ascending order.
15. Australia, 34 billionaires
The number of billionaires residing in Australia has increased by 55% over the last five years.
But while a metropolitan city like Sydney might seem like the ideal place, many of the nation’s richest actually prefer a suburb right outside Melbourne.
The area, called Toorak, houses 23 of the 250 richest people in Australia, according to MailOnline.
=13. Taiwan, 35 billionaires
In the last five years, Taiwan has gained eight billionaires.
Most of the country’s billionaires are self-made,according to Taiwan News, with less than a third relying on a family fortune. Their combined wealth stands at $85.5 billion.
12. Switzerland, 36 billionaires
Switzerland saw the second-highest percentage increase in billionaires over 5 years, almost tripling its billionaire population since 2015.
11. France, 40 billionaires
The number of billionaires in France is up 67% in five years.
The personal fortunes of French billionaires have grown at more than twice the pace of American and Chinese billionaires in the first half of 2019, Business Insider reported in July 2019.
9. South Korea, 44 billionaires
Five years ago, there were only 24 billionaires in South Korea. The figure is now almost twice that.
On top of this list is the chairman of Samsung Group, Lee Kun-Hee, who is worth an estimated $20.3 billion, according to Forbes.
7. UK, 54 billionaires
Despite its size, the UK is home to 54 billionaires, including the likes of Sir Jim Ratcliffe, Alan Sugar, and Sir James Dyson.
The Hinduja brothers, shareholders, and chairmen of Hinduja Group, top this list with a net worth of $31.7 billion, according to The Guardian.
6. Hong Kong, 64 billionaires
Hong Kong, which has gained 24 more billionaires in the last five years, has some of the most expensive real estate in the world, Business Insider’s Katie Warren reported.
3. Germany, 123 billionaires.
Germany is Europe’s largest economy, and has its largest number of billionaires too.
The 11 richest Germans are worth a combined $197 billion.
2. China, 373 billionaires.
China’s booming economy produced a 206% increase in the number of billionaires there within just five years.
China’s richest man is Alibaba founder Jack Ma, with a net worth of $39 billion.
1. US, 585 billionaires
Number of billionaires: 585
The US remains the world hub for billionaires.
With the likes of Jeff Bezos, Bill Gates and Mark Zuckerberg, totaling a net worth of almost $300 billion, it is no surprise the US is home to so many high-net-worth individuals.