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Top 10 Countries With The Most Billionaires In 2024

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.
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
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.
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
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.
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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
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.
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:
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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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.
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.
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.
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:
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.
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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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.
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.
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
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.
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.
Headline
Trump Threatens To Unleash ‘Hell’ On Hamas

US President Donald Trump has given Hamas until 2200 GMT on Sunday to accept his 20-point plan for peace in Gaza, warning the Palestinian militant group faced “all hell” if it did not agree to the terms.
The US leader set the deadline — which would fall at 1:00 a.m. Monday in Gaza — after an official for the Islamist movement told AFP earlier on Friday that the group still needed time to study the proposal to end nearly two years of devastating war in the Palestinian territory.
“If this LAST CHANCE agreement is not reached, all HELL, like no one has ever seen before, will break out against Hamas,” Trump posted on his Truth Social platform.
The proposal, backed by Israeli Prime Minister Benjamin Netanyahu, calls for a ceasefire, the release of hostages within 72 hours, Hamas’s disarmament and a gradual Israeli withdrawal from Gaza.
READ ALSO:Israeli Forces Strike Gaza Despite Trump’s Ceasefire Call
That would be followed by a post-war transitional authority headed by Trump himself.
“Hamas is still continuing consultations regarding Trump’s plan… and has informed mediators that the consultations are ongoing and need some time,” the official said on condition of anonymity because they were not authorised to speak publicly on the matter.
On Tuesday, Trump gave Hamas “three or four days” to accept his plan, which has been welcomed by world powers, including Arab and Muslim nations.
Mohammad Nazzal, a member of Hamas’s political bureau, said in a statement Friday that the “plan has points of concern, and we will announce our position on it soon.”
READ ALSO:Israel Strikes Hamas Leadership, Explosions Reported In Qatar’s Capital
As Hamas mulled Trump’s peace plan this week, a Palestinian source close to the group’s leadership told AFP on Wednesday that the Islamist movement wanted to amend some clauses, including the one on disarmament.
Hamas leaders also want “international guarantees” for a full Israeli withdrawal and that no assassination attempts would be made inside or outside Gaza, the source added.
Another source familiar with the negotiations told AFP that the group was split over Trump’s plan.
Structurally, the group’s leadership is divided between officials based in the Gaza Strip and those abroad, particularly in Qatar.
READ ALSO:Spain Cancels $825m Israel Arms Deal Over Gaza
Much of Hamas’s leadership has also been wiped out in Israeli attacks throughout the war.
The source told AFP that “the first (opinion) supports unconditional approval, as the priority is a ceasefire under Trump’s guarantees, with mediators ensuring Israel implements the plan”.
“The second has serious reservations regarding key clauses… They favour conditional approval with clarifications reflecting Hamas’s and the resistance factions’ demands,” the source added.
Hugh Lovatt, a senior policy fellow at the European Council on Foreign Relations, said “ultimately it’s not just about convincing Hamas leadership in Doha, but also the leadership in Gaza, as well as Hamas members and fighters in Gaza.”
READ ALSO:Israel Begins Ground Offensive In Gaza Despite International Criticism
“Additionally, Hamas must then be able to convince other factions in Gaza,” he added.
The war was triggered by Hamas’s October 7, 2023 attack on Israel, which resulted in the deaths of 1,219 people, mostly civilians, according to an AFP tally of Israeli official figures.
Israel’s retaliatory offensive has killed at least 66,288 Palestinians, according to health ministry figures in the Hamas-run territory that the United Nations considers reliable.
Their data does not distinguish between civilians and combatants, but indicates that more than half of the dead are women and children.
Headline
Israeli Forces Strike Gaza Despite Trump’s Ceasefire Call

Gaza’s civil defence agency said Saturday that Israel carried out dozens of attacks on Gaza City despite US President Donald Trump’s appeal to end bombardments after Hamas accepted a ceasefire deal.
“It was a very violent night, during which the (Israeli army) carried out dozens of air strikes and artillery shelling on Gaza City and other areas in the Strip, despite President Trump’s call to halt the bombing,” civil defence spokesman Mahmud Bassal told AFP.
Bassal, whose agency is a rescue force which operates under Hamas authority, added that 20 homes were destroyed in the overnight bombardments.
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“The situation is very serious in Gaza City,” Bassal said, adding that his teams were not able to reach all the casualties due to the “presence of tanks and the ongoing bombardment”.
Contacted by AFP, the Israeli military said it was “checking” reports of overnight bombardments on Gaza City.
Gaza City’s Baptist Hospital said in a statement that it received casualties from a strike on a home in Tuffah neighbourhood, including four dead and “several wounded”.
READ ALSO:Brazil Slams Israel’s Gaza Aid Interception, Demands Detainees’ Safety
Nasser Hospital in south Gaza’s Khan Yunis said two children were killed and eight people were wounded in a drone strike on a tent in a camp for displaced Gazans.
The peace plan for Gaza, presented by Trump this week and backed by Israeli Prime Minister Benjamin Netanyahu, calls for a ceasefire, the release of hostages within 72 hours, Hamas’s disarmament and a gradual Israeli withdrawal from Gaza.
Hamas said on Friday it was ready to release hostages held in Gaza under the Trump plan, but wanted negotiations on the details and a say in the future of the Palestinian territory.
AFP
Headline
Prosecutors Seek 11-year Sentence For Diddy, Citing ‘Lack Of Remorse’

Prosecutors urged a federal judge Friday to sentence Sean “Diddy” Combs to more than a decade behind bars for his conviction on two prostitution-related counts, saying the music mogul had shown a lack of remorse.
“This is not a person who has accepted responsibility,” prosecutor Christy Slavik told the New York court at Diddy’s sentencing hearing.
“His remorse was qualified. It’s as though he thinks the law doesn’t apply to him,” Slavik said in arguing for an 11-year prison sentence for the 55-year-old hip-hop innovator. ” “His respect for the law is just lip service.”
Combs’s lawyers have asked the judge for a 14-month sentence, which would effectively be time served.
Slavik said Combs had booked speaking engagements in Miami next week in anticipation of a light sentence, which she called “the height of hubris.”
READ ALSO:Jury Selection Begins In Sean ‘Diddy’ Combs Sex Crimes Trial
Judge Arun Subramanian for his part said federal sentencing guidelines suggested a prison term of between six and seven years although he has the latitude to impose more or less.
The judge also noted an apparent lack of remorse, saying Combs has “challenged his factual guilt full-throatedly.”
Combs was expected to address the court at the sentencing hearing after submitting a letter to the judge on Thursday pleading for mercy and saying he had “lost my way.”
Following two months of often searing testimony, jurors in July rejected the most serious charges of sex trafficking and racketeering against Combs, sparing him the prospect of life in prison.
Combs’s mother and six of his children were in court on Friday and have submitted letters to the judge in his support.
READ ALSO:Woman Who Accused Jay-Z, Diddy Of Rape Drops Lawsuit
In his plea to the judge, Combs apologised for his conduct, saying he was “scared to death” to be away from his family and vowing he “will never commit a crime again.”
“I lost my way,” he wrote. “I got lost in my journey. Lost in the drugs and the excess.”
Combs’s former girlfriend, Casandra Ventura, asked the judge in a letter of her own to consider “the many lives that Sean Combs has upended with his abuse and control.”
– ‘Humbled and broken’ –
Ventura, the 39-year-old singer known as Cassie, testified for days while heavily pregnant.
She described in wrenching detail physical, emotional and sexual abuse she suffered while in a more than decade-long relationship with Combs.
READ ALSO:Sean ‘Diddy’ Combs Reacts After Kanye West Calls For His Release From Prison
Ventura and another woman, identified as Jane, said they were coerced into performing so-called “freak-offs”: sexual marathons with hired men that Combs directed and sometimes filmed.
“The entire courtroom watched actual footage of Combs kicking and beating me as I tried to run away from a freak off in 2016,” Ventura wrote.
“People watched this footage dozens of times, seeing my body thrown to the ground, my hands over my head, curled into a fetal position to shield me from the worst blows,” she said, noting she has nightmares and flashbacks “on a regular, everyday basis.”
Ventura said she and her family had left the New York area for fear of “retribution” from Combs if he is released.
READ ALSO:Sean ‘Diddy’ Combs Reacts After Kanye West Calls For His Release From Prison
The defense didn’t deny Combs’s sexual activity but insisted it was consensual.
They also didn’t deny Combs’s years of violence against both romantic partners as well as employees — but they said it didn’t meet the legal threshold for the grave charges he faced.
Jurors took their side.
The conviction on lesser if still serious counts stemmed from a federal statute that makes it illegal to transport people across state lines for prostitution.
Combs has been incarcerated in Brooklyn for more than a year.
He said his time in prison has left him “reborn.”
“I have been humbled and broken to my core,” Combs wrote.
AFP
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