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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.

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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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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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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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Woman Passes Out After Receiving 100 Strokes Of Cane

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A woman has passed out after she and her partner were each flogged 100 times in public for engaging in sex outside marriage under strict Sharia laws in Indonesia’s Aceh province.

The woman, whose identity was not disclosed, was later carried away after the punishment was carried out in Banda Aceh, located at the northern tip of Sumatra island on Thursday.

A masked official dressed in brown robes administered the caning before members of the public who gathered to witness the punishment.

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Her partner was also seen wincing in pain while receiving the lashes.

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The pair were among several individuals punished for violating Sharia regulations in the province.

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Authorities from the Banda Aceh Sharia Court and the Prosecutor’s Office handed down punishments ranging from 25 to 100 lashes for offences including extramarital sex allegedly arranged through online applications.

Aceh remains the only province in Muslim-majority Indonesia operating under Sharia law, where unmarried couples are prohibited from having sexual relations.

Caning is commonly used in the province as punishment for offences such as gambling, alcohol consumption, same-sex relations and sex outside marriage.

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Under Aceh’s Sharia regulations, child rape offenders face some of the harshest penalties, including up to 200 strokes of the cane, a prison sentence of as long as 200 months or fines equivalent to two kilograms of gold.

The punishments are usually carried out publicly as a way of shaming offenders in addition to inflicting physical pain.

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Such canings are often conducted outside mosques or in open public spaces, with residents watching and taking photographs during the exercise.

Human rights organisations have continued to condemn the practice, arguing that it causes emotional trauma and violates international human rights standards.

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Amnesty International and Human Rights Watch have repeatedly criticised the punishments, saying they conflict with Indonesia’s constitution and global legal obligations.

Amnesty said in a statement: “Caning contravenes Indonesia’s constitution and is in clear violation of international human rights law and standards.

‘It constitutes a cruel, inhuman and degrading punishment and can amount to torture in violation of the UN Convention against Torture and other international covenants, to which Indonesia is a State Party.’”

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Despite the criticism, local authorities have defended the punishments as part of Aceh’s religious and cultural identity, insisting they serve as a deterrent against immoral behaviour.

Earlier in January, another couple in the province reportedly received 140 lashes each after being found guilty of drinking alcohol and engaging in sex outside marriage.

(Daily Mail)

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Senegal’s President Sacks Prime Minister After Months-long Feud

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Senegal’s President Bassirou Diomaye Faye has sacked Prime Minister Ousmane Sonko and dissolved the government following months of rising political tension between the two former allies.

The decision was announced in a surprise decree read on national television by a presidential aide, stating that Faye had “ended the duties” of Sonko and “consequently those of the ministers and secretaries of state who are members of the government”.

Sonko, who remains a highly influential figure among Senegal’s youth, responded on social media, saying he would “sleep with a light heart”.

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The political fallout comes at a time of growing economic strain in the country, with the International Monetary Fund (IMF) putting Senegal’s public debt at 132% of its GDP.

His removal followed a tense parliamentary session on Tuesday, where Sonko openly criticised President Faye’s handling of the debt situation.

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The development is striking given that Faye’s rise to power was largely tied to Sonko’s popularity and political backing.

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Sonko would almost certainly have contested the presidency himself in 2024, but was barred from the race due to a defamation conviction. Instead, he threw his support behind Faye, rallying voters with the slogan “Diomaye is Sonko, Sonko is Diomaye”.

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The alliance helped unseat former President Macky Sall in a dramatic electoral victory, despite both men having been released from prison only days before the vote.

Tensions between the two leaders had been building for months, with Faye reportedly accusing Sonko of excessive dominance within the ruling Pastef party, while Sonko accused the president of weak leadership and failing to defend him against critics.

(BBC News)

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Six Nigerians Arrested In Thailand Over AI-Powered Romance Scam

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Six Nigerian nationals have been arrested by the Thailand Police Force for allegedly operating an AI-powered deepfake romance scam syndicate from a luxury condominium along the Chao Phraya River in Nonthaburi Province, following a cocaine trafficking investigation that exposed their activities.

Thai authorities said the operation began after police arrested a Nigerian suspect identified as Patrick and three associates in April over alleged drug trafficking offences. During the raid, officers reportedly seized assets valued at about 2.5 million baht.

Investigators said financial transactions linked to the suspects led them to several foreign nationals living in a high-end riverside condominium near Phra Nangklao Bridge in Nonthaburi. Police discovered that many of the occupants were staying in groups of five or six per apartment under student visas despite not being enrolled in any educational institution or engaged in lawful employment.

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According to Thai police, officers executed search warrants on three condominium units on May 22. The suspects allegedly refused to open their doors, forcing authorities to break into the apartments.

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Videos circulating on X captured the moment police officers forcefully gained entry into one of the apartments before arresting the suspects.

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During the operation, one suspect reportedly attempted to escape by climbing over a balcony, while another was found hiding on the bathroom floor while allegedly sending warning messages to occupants in neighbouring units.

Police recovered 18 mobile phones, three laptop computers and three bank passbooks from the apartments. Authorities said some of the phones were still logged into active conversations with victims at the time of the raid.

Investigators alleged that the syndicate specialised in romance scams targeting older Thai women by using AI-generated faces and manipulated video calls to create fake online identities.

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The suspects allegedly posed as pilots, United States military officers, doctors and engineers to gain the trust of victims before requesting money under false pretences.

Police said the fraudsters typically claimed that valuable packages or gifts sent to victims had been withheld by customs officials and required payment of clearance fees before release.

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Authorities also said they recovered scripts for sexually explicit conversations allegedly used to emotionally manipulate victims into transferring funds. Investigators claimed the group relied heavily on artificial intelligence technology to generate realistic Western faces for fake video interactions.

Thai police said all six suspects are currently facing preliminary charges bordering on illegal association and immigration overstay, while additional fraud and romance scam charges are expected to follow as investigations continue.

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