How Many Billionaires Are in the World?
How Many Billionaires Are in the World?
For most people, it’s hard to imagine having a million dollars, let alone a billion. However, not only has the number of billionaires increased this year, but there has also been a few shake-ups amongst the lineup of the richest people in the world. Though the heaviest concentration of billionaires is in the United States, people who have amassed a billion-dollar fortune can be found throughout the world, and the numbers may shock you.
How Many Billionaires Are There in the World in 2023?
There are 2,640 billionaires as of May 2023, according to Forbes. However, only 140 people were in the exclusive billion-dollar club back in 1987. Meaning that while achieving billionaire status is a very big deal, but it is not as difficult as it once was. Today, there are more than 19 times the amount of billionaires in the world than in 1987.
By far, most of the world’s billionaires are from the United States, however, there are several more across the globe. Here is an international breakdown of billionaires globally:
United States: 735 China, including Hong Kong: 495 India: 169 Germany: 126 Russia: 105
The Richest Billionaires in the World
Now that you know how many billionaires are in the world, you’re probably wondering who is the wealthiest. While it’s easy to group them into the same super-elite category, some billionaires are a lot wealthier than others.
Of the 10 richest people on the planet, eight reside in the U.S. and the other two are in France. Some are self-made individuals, while others are grouped under a family empire.
While the title of the richest person in the world went back and forth between Elon Musk and Jeff Bezos for the last few years, this year shows Bernard Arnault and his family in the top spot. Here’s a look at ten of the richest billionaires in the world:
1. Bernard Arnault and Family Net worth: $206 billion Location: France
Based in Paris, 74-year-old Bernard Arnault helms luxury goods company LVMH — its 70 luxury brands include Louis Vuitton, Marc Jacobs, Christian Dior, Tiffany & Co. and Bulgari. His net worth skyrocketed from $72 billion in 2018 to $158 billion in 2022. His wealth grew once again to $206 billion in 2023, earning him the current top spot on the billionaires list.
2. Elon Musk Net worth: $169 billion Location: U.S.
Musk’s net worth has ebbed and flowed in recent years. While still an incredible amount of money, the 51-year-old founder of six companies was worth just $24.6 billion in 2020. He is the CEO of Tesla and owns 23% of Tesla shares, between stock and options. He also owns the rocket firm SpaceX and the social media platform Twitter.
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