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The 25 Countries With the Most Billionaires

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The 25 Countries With the Most Billionaires

The 25 Countries With the Most Billionaires

There are roughly 36 million millionaires in the world.

That means if you meet someone from the global population at random, there’s a 1 in 200 chance that they could be a millionaire – this makes for surprisingly good odds.

However, the billionaire on the other hand is a much rarer breed. According to Forbes, there are just over 2,000 billionaires in existence, making up just 0.00003% of the global population.

Where do these people live, and what countries have the highest concentrations of them as citizens?

25 Countries That are Rich in Billionaires

Today’s infographic comes to us from TitleMax, and it shows the 25 countries with the most billionaires in them. It also covers the richest person in each of these countries, as well.

Here is the list of countries, sorted by the number of billionaires:

RankCountryBillionaires
#1United States565
#2China319
#3Germany114
#4India101
#5Russia96
#6Hong Kong67
#7United Kingdom54
#8Brazil43
#9Italy42
#10Canada39
#11South Korea38
#12France38
#13Switzerland36
#14Australia33
#15Japan33
#16Sweden31
#17Taiwan31
#18Turkey29
#19Spain25
#20Singapore21
#21Indonesia20
#22Thailand20
#23Israel18
#24Mexico18
#25Philippines14

The United States has the most billionaires in total with 565.

In second place is China (319) – a country that is adding billionaires at a rapid pace, but also losing some of its ultra-rich population to capital flight.

Billionaire concentration

Although the United States has the most billionaires by a large margin, the country ranks 6th in terms of billionaire concentration.

In the U.S., there is one billionaire for every 571,858 people, but it is beat out in this measurement by Hong Kong (110k), Switzerland (233k), Singapore (267k), Sweden (319k), and Israel (475k).

RankCountryPeople per billionaire
#1Hong Kong109,657
#2Switzerland232,556
#3Singapore267,000
#4Sweden319,452
#5Israel474,833
#6United States571,858
#7Germany725,175
#8Australia731,212
#9Taiwan759,677
#10Canada930,513
#11United Kingdom1,215,566
#12South Korea1,348,684
#13Italy1,442,857
#14Russia1,503,125
#15France1,760,526
#16Spain1,862,400
#17Turkey2,741,724
#18Thailand3,443,000
#19Japan3,848,485
#20China4,322,884
#21Brazil4,830,233
#22Philippines7,378,571
#23Mexico8,500,000
#24Indonesia13,055,000
#25India13,108,911

Hong Kong, which has the highest rate of billionaires in the world, boasts 67 billionaires in just one city of roughly seven million.

For comparison’s sake, if Mainland China could somehow have the same rate of billionaire occurrences as Hong Kong, the country would amass 12,575 billionaires – more than six times the total amount in the world that currently exist!

Lowest Billionaire Concentrations

With only roughly 2,000 billionaires scattered throughout the world, it’s estimated that there are over 100+ countries and dependencies that actually have zero billionaires as citizens. For example, Haiti, Lithuania, Ethiopia, Belarus, and Andorra are just a few places that have millionaires, but no billionaires.

As for countries that made the above list, India and Indonesia are pretty scarce in terms of their billionaire concentrations – if you were to hit the street in these countries, the odds are 1 in 13 million that a random person would be a billionaire.

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Personal Finance

Visualizing How the Pandemic is Impacting American Wallets

57% of U.S. consumers’ incomes have taken a hit during the pandemic. How do such financial anxieties affect the ability to pay bills on time?

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A Snapshot of U.S. Personal Finances During the Pandemic

If you’ve felt that you’ve needed to penny-pinch more during the pandemic, you’re not alone.

In the past seven months, 42% of U.S. consumers have missed paying one or more bills, while over a third (39%) believe they will need to skip payments in the future.

This visualization breaks down the state of U.S. consumers’ personal finances during the COVID-19 era, and projects into future concerns around savings.

Pandemic Personal Finances: Key Takeaways

Based on data from the doxoINSIGHTS Bills Pay Impact Report across 1,568 sampled households, three themes emerge:

  • 57% of consumers’ incomes have taken a hit in the past seven months
  • 70% have delayed discretionary spending on big purchases
  • 75% continue to be very worried about their future financial health

How do these anxieties translate into day-to-day consequences?

Pandemic Postpones Bill Payments

Unsurprisingly, worrying about personal finances also means that more Americans are deferring their bill payments during the pandemic. However, these vary depending on the type of bill, total amount, and immediate urgency.

Over a quarter (27%) of U.S. consumers report having missed a bill on their auto loans, followed by 26% for utilities and 25% on cable or internet costs.

The average cost of the above three bill types is $258—but that’s still a fraction of the two most expensive bills, mortgage or rent, which come in at $1,268 and $1,023 respectively.

Bill Type$ Value% Missed
Auto loans$37427%
Utilities$29026%
Cable/ Internet$11025%
Rent$1,02320%
Mobile phone$8819%
Mortgage$1,26817%
Alarm/ Security$7617%
Auto insurance$18115%
Dental insurance$2514%
Life insurance$7613%
Health insurance$9410%

Prioritizing Payments

While 20% of Americans say they’ve missed a rent payment over the past few months, what’s even more alarming is that 28% of U.S. consumers believe they will most likely skip paying rent in the future.

Bill Type% Likely to Skip in Future
Cable/  Internet29%
Utilities28%
Rent28%
Auto loans26%
Mobile phone26%
Mortgage21%
Auto insurance21%
Alarm/ Security19%
Dental insurance16%
Life insurance17%
Health insurance15%

Another clear trend is that many Americans are prioritizing insurance payments, particularly health insurance. This is good news during a global pandemic—only 10% have missed paying this bill type, although 15% expect to skip it in the coming months.

According to the report, some U.S. consumers seem to prioritize the bill types which come with strings attached, from late-payment penalties to accrued interest.

While missing a single payment might seem harmless, a pattern of missed payments over time have the potential to negatively impact your credit score.

Enough Savings To Stay Afloat?

Finally, Americans are wary about how much they have stashed away in the bank to weather the tumultuous months ahead.

While unemployment figures are recovering from historic troughs, the fear of losing one’s job remains prevalent. How many months’ worth of savings do U.S. consumers think they have if this were to happen?

# Months % Responses
7+ months 💰💰💰💰💰💰💰23%
4-6 months 💰💰💰💰💰💰15%
1-3 months 💰💰💰27%
<1 month 💰35%

No one knows how long the COVID-19 chaos will last. In order to adapt to this economic uncertainty, consumer priorities are shifting along with their tightened budgets.

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Gold

The World’s Gold and Silver Coin Production vs. Money Creation

In 2019, the value of global money creation was over 500 times higher than the world’s gold and silver coin production combined.

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World's Gold and Silver Coin Production

Global Gold & Silver Coin Production vs. Money Creation

Note: Data has been updated to correct a previous calculation error pertaining to Japanese Yen money supply.

Both precious metals and cash serve as safe haven assets, intended to limit losses during market turmoil. However, while modern currencies can be printed by central governments, precious metals derive value from their scarcity.

In this infographic from Texas Precious Metals, we compare the value of the world’s gold and silver coin production to global money creation.

Total Production Per Person, 2019

We calculated the value of global currency issuance in 2019 as well as precious metal coins minted, and divided by the global population to get total production per person.

Throughout, global money supply is a proxy based on the 5 largest reserve currencies: the U.S. dollar, Euro, Japanese Yen, Sterling Pound, and Chinese Renminbi.

2019 ProductionOuncesDollar ValueDollar Value Per Person
Global Gold Coins7,204,982$10.9B$1.42
Global Silver Coins97,900,000$1.8B$0.23
Global Money Supply$4.3T$556.33

All numbers are in USD according to exchange rates as of December 31 2019. Gold and silver values are based on the 2019 year close price of $1,510.60 and $17.90 respectively.

The value of new global money supply was 390 times higher than the value of gold coins minted, and 2,400 times higher than silver coins minted.

Put another way, for each ounce of minted gold coin, the global money supply increased by more than $593,000.

Change in Annual Production, 2019 vs. 2010

Compared to the start of the decade, here’s how annual production levels have changed:

 20102019% change
Global Silver Coins (oz)95,900,00097,900,0002.1%
Global Gold Coins (oz)6,298,3317,204,98214.4%
Global Money Supply (USD)$2,936,296,692,440$4,268,993,639,92645.4%

Annual increases to global money supply have increased by half, far outpacing the change in the world’s gold and silver coin production.

Even more recently, how has production changed during the COVID-19 pandemic?

The COVID-19 Effect

In response to the global pandemic, central banks have enacted numerous measures to help support economies—including issuing new currency.

The global money supply increased by more than $6.8 trillion in the first half of 2020. In fact, the value of printed currency was 930 times higher than the value of minted gold coins over the same timeframe.

Investors may want to consider which asset is more vulnerable to inflation as they look to protect their portfolios.

Want to learn more? See the U.S. version of this graphic.

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