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Top 10 Countries With The Most Billionaires In 2024

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Billionaire wealth is at an all-time high with some countries boasting of close to 800 billionaires and some struggle to count 20

Forbes’ 38th list shows 2,781 billionaires with a combined $14.2 trillion. This is 141 more billionaires and $2 trillion more wealth than last year.

In 2023, the list saw $900 billion in added wealth, and many of the world’s richest have grown even wealthier.

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The U.S. leads with tech and finance billionaires. China, India, Germany, and Russia follow with wealth in tech, resources, and manufacturing. In Europe, countries like the UK, France, and Italy have their wealth mainly in finance, luxury, and industry.

Here’s a look at the top billionaire countries and some of their top billionaires.

United States

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Leading globally, the U.S. has around 813 billionaires. Many come from technology, finance, and entertainment industries. Some of its billionaires include:

Elon Musk ($245.8 billion)– Founder of Tesla, SpaceX, and other ventures, Musk’s fortune has soared due to innovations in tech and space.

Jeff Bezos ($206.6 billion)– He is the founder of Amazon and his fortune expanded from the e-commerce and cloud computing empire.

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Warren Buffett ($145 billion) – Known as the “Oracle of Omaha,” Buffett leads Berkshire Hathaway with investments in diverse sectors.

Bill Gates ($106.6 billion) – He is the co-founder of Microsoft.

China

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China follows closely with about 406 billionaires, thanks to its booming tech and manufacturing sectors. Some of its billionaires are:

Zhong Shanshan ($52 billion) – He is the founder of Nongfu Spring, China’s largest bottled water company, with a fortune made through consumer goods.

READ ALSO: Top 10 Countries In Africa Where Workers Earn Highest Salaries

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Ma Huateng (Pony Ma) ($47.4 billion) – He is the founder of Tencent, the social media and gaming giant, which has contributed significantly to his wealth.

Jack Ma ($25.8 billion) – Co-founder of Alibaba, China’s leading e-commerce platform, Jack Ma is a popular name among Chinese billionaires.

India

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India has seen rapid growth in its billionaire count which stands at 200, driven by industries such as technology, consumer goods, and pharmaceuticals. Here are some of its billionaires:

Mukesh Ambani ($107.7 billion) – He is the chairman of Reliance Industries and his wealth spans energy, telecom, and retail.

Gautam Adani ($80.4 billion) – He is known for his conglomerate Adani Group, and his wealth comes from infrastructure, energy, and ports.

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Shiv Nadar ($41 billion) – Founder of HCL Technologies, Nadar is among the tech billionaires pushing India’s economy forward.

Germany

Germany’s billionaire wealth is strongly rooted in manufacturing and technology, with some billionaires maintaining family-held businesses. The country has approximately 132 billionaires. Some of their billionaires are:

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Beate Heister & Karl Albrecht Jr. ($25.9 billion) – Heirs of the Aldi supermarket chain, the Albrecht family has long been part of Germany’s wealth.

Dieter Schwarz ($37 billion) – Owner of Lidl and Kaufland, Schwarz is a major player in European grocery retail.

Susanne Klatten ($22.3 billion) – She is a key shareholder in BMW and an heir to the pharmaceutical company Altana.

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READ ALSO: 10 Most Corrupt Countries In Africa In 2024

Russia

Russia’s billionaires are primarily concentrated in energy, metals, and mining industries, with wealth tied closely to natural resources. The country boasts of 120 billionaires.

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Vladimir Potanin ($23.7 billion) – A leading shareholder in Norilsk Nickel, Potanin’s wealth is deeply rooted in mining and metals.

Leonid Mikhelson ($27.4 billion) – He is the CEO of Novatek and one of Russia’s wealthiest, thanks to his investments in natural gas.

Alexey Mordashov ($25.5 billion) – He is the owner of Severstal and his wealth is based on steel and energy.

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Italy

Italy’s billionaires are often tied to fashion, infrastructure, and manufacturing. The country currently has 73 billionaires, and some of the popular ones include:

Giovanni Ferrero (43.8 billion)– Chairman of Ferrero Group, known for Nutella and Ferrero Rocher, his wealth is rooted in the confectionery business.

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Leonardo Del Vecchio ($25 billion) – Founder of Luxottica, the world’s largest eyewear company, Del Vecchio has long been a staple of Italian wealth.

Hong Kong

Hong Kong is home to 67 billionaires with businesses spanning across real estate, finance, and technology. Some of its billionaires are:

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Li Ka-shing ($36.8 billion) – Known as “Superman” in Hong Kong, his wealth stems from infrastructure, real estate, and telecommunications.

Lee Shau Kee ($29.3 billion) – Founder of Henderson Land Development, Lee is a major figure in Hong Kong’s real estate scene.

Henry Cheng ($28.9 billion) – Chairman of New World Development, Cheng’s fortune is rooted in real estate and infrastructure.

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Canada

Canada’s 67 billionaires are primarily involved in media, e-commerce, and real estate. Here are some:

David Thomson & family ($61.3 billion) – Owners of Thomson Reuters, the Thomson family are leaders in media and information services.

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READ ALSO: 7 Countries With No Railway Lines And Why

Joseph Tsai ($9.7 billion) – He is the co-founder of Alibaba and owner of the Brooklyn Nets. Tsai represents Canadian investments in tech and sports.

Jim Pattison ($9.3 billion) – His conglomerate, the Jim Pattison Group, spans grocery, media, and automotive services.

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United Kingdom

The UK’s billionaire population of 55 comes from various sectors, including finance, real estate, and retail. Some of the popular ones include:

James Ratcliffe ($16.5 billion) – Founder of chemical giant Ineos, Ratcliffe is among the wealthiest in the UK.

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Hugh Grosvenor ($12.8 billion)– Known as the Duke of Westminster, Grosvenor’s wealth comes from extensive real estate holdings.

Sir Richard Branson ($6.5 billion) – Founder of the Virgin Group, Branson’s wealth spans industries from music to travel.

France

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France’s billionaire population is largely in luxury goods, a sector in which it leads globally. France has 53 billionaires, and some of them are:

Bernard Arnault ($177.9 billion) – Chairman of LVMH, Arnault is often among the world’s wealthiest due to luxury brands like Louis Vuitton and Sephora.

Francoise Bettencourt Meyers ($87.2 billion)– Heir to the L’Oréal empire, she is among the wealthiest women globally.

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Francois Pinault ($20.9 billion)– Founder of Kering, which owns luxury brands like Gucci and Saint Laurent, Pinault’s fortune is rooted in high-end fashion.

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EU Fines Elon Musk’s X €120m For Violating Digital Content Rules

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Elon Musk’s social media platform, X, has been hit with a €120 million ($140 million) fine by European Union tech regulators for violating multiple provisions of the EU’s Digital Services Act (DSA).

This marks the first significant penalty imposed under this landmark legislation.

On Friday, the European Commission announced the fine, citing various violations by X, including misleading platform features and a lack of transparency in research practices.

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READ ALSO:Elon Musk Deletes Post Claiming Trump Was ‘In The Epstein Files’

Regulators pointed out that one of the violations involved the misleading design of the blue verification checkmark. This feature is now linked to subscription payments instead of identity validation, which the EU described as “deceptive and potentially harmful.”

The Commission also criticized X for not maintaining transparent advertising records and for restricting researchers’ access to publicly available data on the platform.

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This ruling is likely to heighten diplomatic tensions between Brussels and Washington. U.S. officials from the Trump administration had previously condemned Europe’s regulatory approach toward major tech companies, claiming that EU policies unfairly target American firms and restrict free expression.

READ ALSO:Elon Musk Joins ‘Cancel Netflix’ Campaign

However, the European Commission defended its stance, stating that enforcement under the DSA is not influenced by nationality. They emphasized that the legislation is designed to promote online accountability, protect users, and ensure transparency in digital operations—standards that are increasingly becoming global benchmarks.

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“The DSA does not discriminate by company origin,” the Commission argued, maintaining that the penalties reflect Europe’s commitment to protecting democratic values and responsible digital governance.

The fine marks a significant test case for the EU’s new regulatory regime and could set precedent for similar action against other platforms not in full compliance with the law.

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Nigerian Ringleader Of Nationwide Bank Fraud, Money Laundering Jailed In US, Says FBI

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The Federal Bureau of Investigation (FBI) has announced the sentencing of Nigerian national Oluwaseun Adekoya, the mastermind behind a sprawling bank fraud and money-laundering operation that targeted victims across the United States.

According to investigators, Adekoya, who operated under multiple aliases including “Ace G.,” “BRODA,” “Legendary,” “SANTA,” “SANTANA,” “Sammy LaBanco,” “Sean Maison,” and “Kiing_maison” led a sophisticated criminal network that stole and laundered more than $2 million by impersonating individuals nationwide.

The FBI said the long-running operation, internally code-named Operation Catch Me if You Can, relied on coordinated efforts across numerous law enforcement and banking agencies.

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FBIAlbany headed the investigation, working with partners across the country to dismantle Adekoya’s organisation and secure justice for affected victims.

As part of the announcement, FBI Albany Special Agent in Charge Craig Tremaroli said, “Mr. Adekoya spent almost two decades of his life creating a massive criminal network that stole from hard-working Americans. This sentence ensures he’ll spend the next two decades of his life in federal prison.

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“The FBI is grateful to the numerous law enforcement and banking institution partners who provided the assistance needed to take down Mr. Adekoya and his associates and ensure justice for the victims. We remain deeply committed to using every resource available to investigate and bring to justice any individual or organization focused on defrauding our citizens.”

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Adekoya has now been sentenced to 20 years in federal prison.

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According to the FBI, the case demonstrates its continued commitment to combating financial crimes and protecting Americans from fraud schemes that are growing in scale and sophistication.

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VIDEO: Nigerians In UK Lament Delayed Passport Capturing At ‘Crowded’ Birmingham Centre

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Nigerians in the United Kingdom (UK) have cried out to the Nigerian authorities over delays in renewing their international passports, describing the capturing experience as frustrating.

According to a video from the Nigerian Passport Intervention Centre in Birmingham, sighted by Tribune Online, hundreds of people are seen lurking around while waiting for officials to arrive for the exercise.

In the video, a lady narrated how the crowd had gathered since around 4am on Friday after their names had been taken down the previous day with the promise that the capturing would be done the next day.

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They promised they’re going to start at 9am and at 12pm when I was leaving, they’ve not even started attending to people. We heard that the officials were not even at the scene,” she said.

READ ALSO:US Imposes Visa Restrictions On Nigerians Linked To Religious Freedom Violations

Continuing, the video showed the arrival of some of the officials, whom the lady said had asked the crowd to return the next day.

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“While I was walking to my taxi, I saw some of the officials. I recognised them from yesterday when he addressed the people saying ‘Go and come back tomorrow’. The one driving that car was the one who was addressing us yesterday,” she added, referring to a vehicle in the viral clip.

The lady further criticised their attitude to the plight of Nigerians at the centre, saying many, including herself, came with babies.

“It’s so shameful that Nigeria will still happen to you even if you’re outside Nigeria. It’s the people, not only the government,” she added.

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Reacting to the video, another user simply identified as OduduAbasi Umo-Odiong, posted two short clips showing people agitated at the centre.

People are already getting agitated today. The frustration is rising and the situation is becoming tense,” he captioned.

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However, an X user, identified as Williams Ibironke, disagreed with the information in the video, saying the officials work till midnight.

The information she posted was purposely made as content to miss direct people. those pple are working til midnight everyday, they closed @3am so how can they resume early again. I did mine @12:33am this morning and I still left people there, meaning they may not close until 2am,” he posted.

READ ALSO:Trump Orders Tougher Visa Screening Regime

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Other X users reacting to the video called on the Minister of Interior, Olubunmi Tunji-Ojo, to act swiftly on the issue, wondering how the positive reform he introduced is addressing the issue.

“Someone has fingered a working system to their benefit. Just a few weeks ago, you can start and finish your passport renewal process on your mobile phone without leaving your home.

“What happened to that positive change?,” a user asked.

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All possible efforts to get Nigerian authorities’ reaction to the issue proved abortive as of the time of filing this report as neither the Minister nor the Interior Ministry responded to messages sent to them.

Watch video here

Source: Nigerian Tribune

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