Billionaires wield enormous influence, basically because their collective wealth is equivalent to roughly 13.9% of global GDP. Despite being only 3,311 people, accumulate almost 11.8 billion euros. During the last decade, his fortunes have increased greatly. So much so that their collective net worth has grown at a faster rate than the number of billionaires, a whopping 90% in just 10 years.
Unsurprisingly, North America is home to the most billionaires, with a combined worth of €4.6 trillion. And of course, The United States accounts for most of this wealth., with 975 billionaires and a collective net worth of 4.45 billion. In Europe, billionaire wealth grew rapidly in 2021, rising 22% year-on-year. It already has 954 super-rich, distributed mainly between Germany, the United Kingdom and Switzerland.
This map made by Visual Capitalist using data from the Wealth-X Billionaire Census illustrates where the world’s billionaires live and breaks down their collective wealth. For it, have assessed their total net worth, including public and private companies and investable assets. And to determine the location they used their primary business address.
You can consult the map in its maximum resolution here.
86% of existing billionaires are richer than they were a year ago. The United States has the most of them, with 975, followed by China with 400, according to data from Wealth X. These two countries represent over 50% of the world’s billionaires. They are followed by: Germany (176), India (124), United Kingdom (120), Hong Kong (114), Switzerland (111), Russia (107), Saudi Arabia (71), France (68), Italy (68). , Canada (60), Brazil (52), Singapore (50) and the United Arab Emirates (45).
According to Forbes, currently The richest person in the world is Tesla CEO Elon Musk., with a wealth of 256,000 million. He is followed by Gautam Adani, whose fortune has skyrocketed, recently hitting the $150 billion mark. Jeff Bezos, the founder of Amazon, has a net worth of $137 billion. Not all of them cling tooth and nail to his wealth: remember that the founder of Patagonia, the billionaire Yvon Chouinard, has just donated his company to an organization that fights climate change, as we have in Magnet .
2022, a bad year for China and Russia
The truth is that 2022 paints something worse for the super-rich. With markets reeling, they lost a record $1.4 trillion during the first half of the year. The reason? China has had some setbacks from Covid that they disrupted the supply chain and manufacturing, while the Asian country’s shares collapsed on concerns about the regulation of technology companies.
Another country that gives way to billionaires is Russia. The war in Ukraine and the reaction of the rest of the countries provoked a nosedive in Russian markets in February. There are already 34 fewer Russian billionaires in a context where share prices are plummeting, the value of the ruble is falling and sanctions are affecting the assets of Russian oligarchs. The collective wealth of the country’s billionaires has fallen from $475 billion in 2021 to $320 billion this year.