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Wealth Giving These Are The Countries With The Most Billionaires In 2020

These Are The Countries With The Most Billionaires In 2020

These Are The Countries With The Most Billionaires In 2020
Wealth-X's Billionaire Census 2020 report reveals insights and trends about the world's top billionaires (Image: Unsplash)
By Tatler Hong Kong
July 13, 2020
Wealth-X's Billionaire Census 2020 report reveals insights and trends about the world's top billionaires

According to Wealth-X's Billionaire Census 2020 report, which was released on June 30, the size of the global billionaire population increased strongly in 2019, with North America and Asia seeing the strongest growth in billionaire numbers and collective net worth.

Rising by 8.5 per cent to 2,825 individuals, this increase has more than reversed the previous year’s decline, reaching an all-time high. The combined wealth of the world’s billionaires outpaced the population’s growth in 2019, rising by 10.3 per cent to US$9.4 trillion.

While prior editions of the Billionaire Census showcased only data from the previous year, the seventh edition of the report also includes key intelligence from the first months of 2020 to provide early insight into the economic impact of Covid-19. The report offers an insight into the industries that Covid-19 has affected positively, showing that the number of billionaires in technology, insurance, business services and healthcare grew by between 6 per cent and 9 per cent during the first five months of 2020 compared with 2019.

The Census also reveals data showing that over 10 per cent of the world’s billionaires have donated toward the fight against Covid-19—with these individuals tending to be younger, wealthier and more likely to have created their own wealth, compared to traditional major billionaire donors.

Hong Kong ranks seventh on the list, with a total of 96 billionaires (with a combined wealth of HK$280 billion). However, in terms of the cities with the most billionaires, Hong Kong ranks second, falling a place behind New York.

So, where are these billionaires calling home? Below are the top 10 countries with the most billionaires in 2020:

(Related: Meet the 26 Singaporeans on Forbes’ 2020 Billionaires List)

1/10 United States

Number of billionaires: 788

Total billionaire wealth: $3,431 billion

Richest Individual: Jeff Bezos ($172 billion) 

(Related: Amazon CEO Jeff Bezos Beats His Own Record To Become The Richest Person Alive)

2/10 China

Number of billionaires: 342

Total billionaire wealth: $1,151 billion

Richest Individual: Jack Ma ($38.2 billion)

3/10 Germany

Number of billionaires: 153

Total billionaire wealth: $477 billion

Richest Individual: Dieter Schwarz ($30.4 billion)

4/10 Russia

Number of billionaires: 114

Total billionaire wealth: $390 billion

Richest Individual: Vladimir Potanin ($19.7 billion)

5/10 Switzerland

Number of billionaires: 100

Total billionaire wealth: $274 billion

Richest Individual: Ernesto Bertarelli ($8 billion)

(Related: Roger Federer Ranked By Forbes As World's Highest-Paid Athlete Of 2020)

6/10 United Kingdom

Number of billionaires: 100

Total billionaire wealth: $217 billion

Richest Individual: James Dyson ($16.2 billion)

 

(Related: James Dyson Acquires Singapore's Largest And Highest Penthouse)

7/10 Hong Kong

Number of billionaires: 96

Total billionaire wealth: $280 billion

Richest Individual: Lee Shau Kee ($30.4 billion)

8/10 India

Number of billionaires: 87

Total billionaire wealth: $314 billion

Richest Individual: Mukesh Ambani ($36.8 billion)

9/10 Saudi Arabia

Number of billionaires: 62

Total billionaire wealth: $152 billion

Richest Individual: Alwaleed Al Saud ($15.2 billion)

10/10 France

Number of billionaires: 60

Total billionaire wealth: $219 billion

Richest Individual: Bernard Arnault ($93 billion)


See the full Billionaire Census 2020 report at Wealth-X

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Wealth & Giving Billionaires Wealth-X billionaires hong kong wealth wealth in hong kong hk billionaires wealth-x report wealth-x billionaire census wealth-x billionaire census 2020 billionaires in 2020 asia billionaires wealthiest countries

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