FX.co ★ Top 8 countries with most billionaires

US

The US traditionally creates the most benign conditions for accumulating wealth. Nowadays, 724 super rich men are US residents. Over one year of the pandemic, 109 millionaires appeared in the US with a combined capital of $1.5 trillion. Referring to the latest data from Forbes, the total wealth of all American tycoons is over $4.4 trillion. The richest entrepreneur in the US is Amazon founder and CEO Jeff Bezos. His net worth is estimated at $177 billion.

China

China is about to overtake the US in the number of magnates. China is home to 626 billionaires. This year, the gap with the US has contracted notably because some newcomers have joined the ranks of super rich people in China. Since the spring of 2020, the number of billionaires has increased by 239 in the second global economy. This is the highest ever growth. The total wealth of all tycoons in China measures $2.5 trillion. Bearing in mind newcomers, this indicator has expanded by $1 trillion over the last 12 months. At present, Zhong Shanshan is rated as the wealthiest entrepreneur in China. Being the owner of Nongfu Spring, a bottled water and beverage company, he has nearly $69 billion in his accounts.

India

The third rank is given to India with 140 billionaires. The emerging Asian economy has replaced Germany on the third line. The number of rich people in India has risen by 38 during the pandemic and their combined worth has zoomed up by 90%. In 2020, the total wealth of all Indian tycoons amounted to $313 billion. This year, it is estimated at $596 billion. Mukesh Ambani leads the pack of Indian billionaires. He is the chairman and managing director of Reliance Industries Ltd. with net worth of $84.5 billion.

Germany

There are 136 billionaires in Germany, so the country holds the 4th rank this year. The number of rich entrepreneurs has increased by 30 since March 2020. Their total capital has expanded by $179 billion. Nowadays, a combined wealth of all German magnates is assessed at $626 billion. The most affluent German citizens are Beate Heister and Karl Albrecht Junior, heirs of the entrepreneur who founded the discount supermarket chain Aldi. The sister and brother have a net worth of over $39 billion.

Russia

The pandemic year has not been tough for Russian entrepreneurs. The number of tycoons here again exceeds 100. Since the spring 2020, 19 people have managed to join the Russian business elite. Having expanded the total wealth by $199 billion, 117 Russian billionaires have $584 billion in their accounts. The most money has been amassed in accounts of Severstal Chairman Alexey Mordashov and his family. This year, the businessman has outrated Norilsk Nickel CEO Vladimir Potanin, the leader of the Russian billionaires list for the last year.

Hong Kong

At present, the world’s financial hub can boast the 6th rank on the list of countries with the most billionaires. More than 70 billionaires currently live in the city state. The total wealth of Hong Kong’s tycoons comes in at $448 billion that is $148 billion more than the figure for the last year. Li Ka Shing, the Chairman of Cheung Kong Holdings and Hutchison Whampoa, is recognized as the richest person in Hong Kong. His net worth is $33.7 billion.

Brazil

Since March 2020, 20 more magnates have appeared in Brazil. The country is now ranked 7th on the list. 65 Brazilian billionaires hold $212 billion in their accounts that is $85 billion up from a year ago. King of beer Jorge Paulo Lemann and his family own the largest capital in Brazil which is estimated at nearly $17 billion.

Canada

This North-American developed economy slightly undershoots the rank of the developing economy of Brazil. Nowadays, Canada is home to 64 billionaires that is 1 person fewer than in Brazil. However, both countries logged the same increase in the number of magnates over the last 12 months. Forbes has identified 20 new tycoons in Canada with a combined wealth of $88 billion. This year, the total wealth of the Canadian billionaires is estimated at $231 billion. The richest person in Canada is David Thompson. He and his family possess wealth of $41.8 billion.