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Top 10 Countries With The Highest Number Of Billionaires (in US$) in The World - Foreign Affairs - Nairaland

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Top 10 Countries With The Highest Number Of Billionaires (in US$) in The World by Nobody: 12:34pm On Jan 21, 2013
Where the Mega-Rich Live

Despite global economic uncertainties, the euro zone debt crisis, and fears of a hard landing in China, the mega-rich — the one percent of the one percent — have had a great year.

The world’s billionaire club has added to its numbers and increased its wealth even as equity, currency, and commodity markets have suffered one of their most volatile periods. The number of billionaires worldwide grew 9.4 percent to 2,160, expanding their wealth by 14 percent to $6.19 trillion — a $760 billion jump over the previous year, according to research firm Wealth-X.

Wealth creation among billionaires did vary according to regions, depending on the extent of the economic slowdown in their part of the world. The overall wealth of the larger group of ultra-high-net-worth individuals, those worth $30 million and more, dropped nearly 2 percent this year.

Here is a list of the top 10 countries with the most billionaires for the period between August 2011 and July 31, 2012 compiled by Wealth-X.

Yeah, I love talking about the super-rich...you know why...*winks*...let's leave that for another day, below is the complete list, enjoy!


10. Canada

Billionaire count: 40
Total wealth: $105 billion

With 40 billionaires, Canada is home to the eighth largest population of ultra-rich individuals, or those with $30 million or more in total assets.

9. Brazil

Billionaire count: 49
Total wealth: $300 billion

Brazil is the only Latin American country to make the list of the top 10 countries with the most billionaires, even though the region’s ultra-wealthy population increased by 3.5 percent this year. Brazil ranks ninth in the world for its ultra-rich population of 4,640. These are people who are worth $30 million and more.

8. Switzerland

Billionaire count: 57
Total wealth: $125 billion

Known as the playground of the rich and famous, Switzerland is eighth in the global billionaire sweepstakes and ranks seventh as the home of those worth $30 million and more, or the ultra-wealthy.

7. Hong Kong

Billionaire count: 64
Total wealth: $190 billion

As one of Asia’s key financial centers, Hong Kong is also home to some of the richest people with a billionaire count of 64.


6. Russia

Billionaire count: 97
Total wealth: $380 billion

Russia comes in at sixth for the most billionaires, despite its ultra-rich population seeing the biggest erosion in wealth this year among the countries in this list.

5. India

Billionaire count: 109
Total wealth: $190 billion

India, together with its BRIC peers — Brazil, Russia, and China — makes a big part of the top 10, highlighting the scale of wealth being created in emerging economies. Asia’s third largest economy, together with Japan and China, accounts for about 75 percent of the region’s ultra-rich population.


4. Germany

Billionaire count: 137
Total wealth: $550 billion

Germany is the only euro zone country to make the list of the most billionaires, bucking the trend of declining wealth in the majority of the bloc’s nations.


3. United Kingdom

Billionaire count: 140
Total wealth: $430 billion

The United Kingdom has the largest number of billionaires in Europe, beating Germany by three, but it still lags Germany in terms of total wealth of the group by $120 billion.


2. China

Billionaire count: 147
Total wealth: $380 billion

China ranks second in the world when it comes to the number of billionaires, but in terms of total wealth, the country is behind Germany and the U.K., tying with Russia for fourth spot.


1. United States

Billionaire count: 480
Total wealth: $2.05 trillion

The United States still leads the world with its billionaire tally, far outpacing its closest competitor China with a whopping 333 more billionaires.

In case you're wondering how I got the chart, oh yeah, remember I told you about my love for CNBC News? I am always glued to CNBC, CCTV and Reuters...

But wait a minute, where are my African nations and their oil-rich middle eastern nations on that list? Oh my gosh! This goes a long way in telling us that wealth is not really by natural resources, instead, it makes a nation lazy, dull and dependent on natural resources than industrialization.

Re: Top 10 Countries With The Highest Number Of Billionaires (in US$) in The World by panafrican(m): 3:36pm On Jan 21, 2013
Be careful with these figures 'cause Canada is a country where getting rich is freaking difficut. This country is a tax-junky monster ruled by hidden communists who will rip you off to fund social programs. When you are a middle class guy you will be stuck in for ever you and all your descendants.
Re: Top 10 Countries With The Highest Number Of Billionaires (in US$) in The World by Nobody: 5:43pm On Jan 21, 2013
panafrican: Be careful with these figures 'cause Canada is a country where getting rich is freaking difficut. This country is a tax-junky monster ruled by hidden communists who will rip you off to fund social programs. When you are a middle class guy you will be stuck in for ever you and all your descendants.
HUH shocked shocked shocked shocked
Re: Top 10 Countries With The Highest Number Of Billionaires (in US$) in The World by panafrican(m): 6:42pm On Jan 21, 2013
DailyNews: HUH shocked shocked shocked shocked
Been there, seen it. cool
Try Montreal,Quebec Canada, big guy, you will feel it right away once 55% of your salary are swallowed by taxes.
Re: Top 10 Countries With The Highest Number Of Billionaires (in US$) in The World by Nobody: 11:16pm On Jan 21, 2013
panafrican: Been there, seen it. cool
Try Montreal,Quebec Canada, big guy, you will feel it right away once 55% of your salary are swallowed by taxes.
This is serious...but even in midst of that, the good guys are still fetching their water in large quantities...and I don't think one can be that wealthy by working for someone; it requires boldness to face entrepreneurship and personal development.

I am not doubting you though, have heard abt that....

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