Countries With The Most Billionaires In The World

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With 39 billionaires, Canada ranks as the 11th country in the world with the greatest number of billionaires. The Canadian media magnate, David Kenneth Roy Thomson is the richest man in the country and the 25th richest man in the world, with wealth worth $23.9 billion. Thomson, a resident of Toronto, Canada, acts as the chairman of the Thomson Corporation and Thomson Reuters. Other notable Canadian billionaires include Galen Weston with $9.3 billion (head of George Weston Limited), Garrett Camp with $6.2 billion (chairperson and co-founder of Uber Technologies Inc.), James Irwing with $5.4 billion (head of Irwing conglomerate), Bernard Sherman with $4.9 billion (founder of Apotex, a Canadian pharma company), and Arthur Irwing with $4.7 billion (owner of Arthur Oil).

10. Italy

39 Italian billionaires call Italy their home. The richest among them is Maria Franca Fissolo, who inherited the Ferrero SpA, the third biggest chocolate and confectionery producing company in the world, after her husband’s death in 2015. She owns wealth worth $22.1 billion and is the fourth richest woman in the planet. Leonardo del Vecchio, the owner of Luxottica, a leading eye-wear manufacturing company follows close behind Fissolo, being the second richest person in Italy.

9. France

Like Italy, the richest person in France is a lady, Liliane Henriette Charlotte Schuelle (married to a man with a Bettencourt surname), who is one of the main shareholders of L’Oréal. With wealth worth US $40.2 billion, she is also considered to be the richest woman in the world and the 11th richest person in the world. The chairman of LVMH, Bernard Jean Étienne Arnault ($34 billion), the chairman of the Dassault group, Serge Dassault ($14.7 billion), and the chairman of the retail company Kering, François Pinault ($11.5 billion), are some of the other well-known French billionaires. In total, France is home to 47 billionaires.

8. United Kingdom

The United Kingdom has a billionaire population of 53. With a wealth worth $14.5 billion, the Hinduja Family, a family originating from India, has the headquarters of their company, the Hinduja Group, based in London, United Kingdom. The company is a global conglomerate with diversified business arenas. A close competitor of the Hinduja Family is the brother duo of David Reuben and Simon Reuben, also originating from India, with a wealth worth $14.4 billion. The chairman of the Grosvenor Group, Gerald Cavendish Grosvenor, 6th Duke of Westminster, is the third richest person in the United Kingdom with a wealth worth $13 billion.

7. Brazil

Brazil, a country with enormous differences in the distribution of wealth, is home to 54 billionaires, becoming the 7th country in the world with the greatest number of billionaires. The 19th richest person in the world, Jorge Paulo Lemann, a Swiss-Brazilian investor, is the richest person in Brazil with wealth worth $25 billion. According to reports by the Forbes magazine, the number of billionaires in the country shrunk to 54 in 2015 from 65 in 2014. Widespread corruption scandals, government mismanagement of funds, and a drop in prices of commodities were held responsible for the fallen fortune of some Brazilian billionaires.

6. Hong Kong

Hong Kong, with 55 billionaires, is only ahead by one mark from Brazil in terms of the number of billionaires. With a wealth of $31.3 billion, the 87-year-old Sir Ka-shing Li, a business magnate, and investor, is the richest man in Hong Kong. The real estate tycoon Lee Shau Kee with wealth worth $23.9 billion, the owner of a conglomerate based in Hong Kong, Cheng Yu-tung with wealth worth $15 billion, and Thomas and Raymond Kowk, real estate tycoons with wealth worth $14.9, are the other richest billionaires in Hong Kong.

5. Russia

In Russia, a country with 88 billionaires, the rankings of its richest people keep fluctuating each year. In the country, the fortunes of its billionaires are never quite steady. Fluctuating currency, the high volatility of the Russian stock market, political disruptions, and variable economic sanctions are held responsible for such phenomenon. According to Forbes, the richest man in Russia in 2016 is Leonid Mikhelson, the gas and petrochemical magnate with a wealth worth $16.6 billion. From his 7th ranking in the country in 2015, within a year Mikhelson jumped the ladder to the first position, replacing Vladimir Potanin as the wealthiest man in Russia from last year’s rankings.

4. Germany

Germany has 103 billionaires with Georg F. W. Schaeffler, chairman of the Schaeffler Group, being the richest person in the country with a wealth worth $ 26.9 billion as per the 2015 Forbes list of German billionaires. Beate Heister and Karl Albrecht Jr., with wealth worth $21.3 billion and owning Aldi, a global discount supermarket chain, follows second. Other notable billionaires of Germany are Dieter Schwarz ($19.4 billion), Theo Albrecht, Jr. ($19 billion), and Michael Otto ($18.1 billion).

3. India

A staggering number of 111 billionaires call India their home. The richest man in the country is Mukesh Ambani, a business tycoon who is the managing director, chairman and largest shareholder of Reliance Industries Limited, founded by his industrious father, the late Dhirubhai Ambani. Mukesh Ambani owns wealth worth $18.9 billion and as per Forbes list, has been India’s richest man for the past 10 years and is also the second richest man in Asia. With a wealth worth $16.7 billion, Dilip Sanghvi, the managing director and founder of Sun Pharmaceuticals, is the second richest man in India. Azim Premji ($15 billion), and Shiv Nadar ($11.1 billion) are the other richest billionaires in India.

2. China

China with 213 billionaires ranks second in the world in terms of number of billionaires. The richest man in the country is Wang Jialin with a wealth of $34.4 billion. He is the Chairman of the largest movie theater operator in the world, the Dalian Wanda Group. The company is also the largest real estate developer in China. Jack Ma with a wealth of $21.8 billion is the founder of the Alibaba Group and the second richest man in the country. Ma Huateng ($17.6 billion), Lei Jun ($13.2 billion), Wang Wenyin ($12.1 billion), are the 3rd, 4th and 5th most wealthy men in China.

1. United States

With 536 billionaires, the United States of America surpasses all other countries in terms of the number of billionaires. With Microsoft continuing to reap huge profits, the American billionaire Bill Gates continue to hold on to his position as the richest person in the US and also the richest person in the world. Bill Gates’ fortune amounts to $75 billion. With a wealth of $67 billion, the founding chairman of the Inditex fashion group, Amancio Ortega Gaona, is the second richest man in the country. The chairman and CEO of Berkshire Hathaway, Warren Buffett, is the third richest person in the US with a wealth worth $60.8 billion.

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