Visualizing the Wealthiest Billionaires Around the World in 2019
Becoming a billionaire is about as probable as being struck by lightning (i.e. NOT likely). If you live in North America your odds of becoming a billionaire are one in 785,166. Your odds of being hit by a lightning bolt are one in 750,000. If you defy the odds, you become a member of an elite club with less than 3000 members worldwide. While there are thousands of billionaires, each country has just 1 richest billionaire.
- The average net worth of the 73 listed billionaires is $14.8 billion
- Jeff Bezos, wealthiest billionaire in the world, has a net worth over 10x the average at $149.7 billion
- Most common sources of wealth: Banking/Finance/Investments, Diversified (large conglomerates with multiple divisions) and real estate
- 5 of the 73 listed are women
Our graphic takes data from the most recent Forbes billionaire list. The graphic shows the one richest person from the 73 countries listed. The image further groups the billionaires by their respective region (Americas, Asia, Europe, Africa), highlights the source of their wealth (i.e. Banking, Diversified, Mining etc) and their estimated net worth figure. Find out who your country’s richest person is below.
Top 5 Richest Billionaires By Wealth and Country
1. Jeff Bezos - $149.7B, U.S.
2. Bernard Arnault - $89.3B, France
3. Amancio Ortega- $63.7B, Spain
4. Carlos Slim Helu- $60B, Mexico
5. Mukesh Ambani - $52.9B India
2. Bernard Arnault - $89.3B, France
3. Amancio Ortega- $63.7B, Spain
4. Carlos Slim Helu- $60B, Mexico
5. Mukesh Ambani - $52.9B India
The list of billionaires is impressive with many of them touting international celebrity status. Looking at the makeup of these individuals based on their geographic location also highlights some interesting takeaways. Here is a breakdown of what industries created the most wealth in each region:
- Americas - Banking is the dominant player for wealth creation with over $306 billion of wealth created
- Europe - Retail focused with many iconic brands (Nutella, RedBull, LVMH, ZARA etc) with $433.7 billion of wealth
- Asia - Real estate is the wealth creator of choice with $271 billion of wealth
- Africa - Commodities (Cement, Foodstuff, Diamonds etc) with $43 billion of wealth
While knowing how billionaires become rich is interesting, knowing how they spend their wealth is more insightful. Philanthropy of the world's wealthiest is big business. Some have been generous giving away nearly 1% to 2% of their net worth to date. The most generous are committing to giving half, if not all away.
The Giving Pledge founded by Bill and Melinda Gates, is an organization that seeks to convince the world's wealthiest people to give away half of their wealth to philanthropic endeavors. To date, 204 people have signed the pledge from 22 countries. Notable signers include Richard Branson, Warren Buffet, Bill Gates, Mark Zuckerberg and others. In terms of the wealthiest from each country, none are on the list with the notable exception of Mackenzie Bezos. Bezos, the ex-wife of Jeff Bezos, has a net worth of $36 billion and has committed to the Giving Pledge.
The Giving Pledge has notable billionaires but none that top the wealthiest list from their respective countries. The pledgers tend to be couples and from North America which has the greatest concentration of billionaires in the world. The U.S. has more billionaires than China, India and Germany combined. As the world’s billionaire population becomes more global, one would hope that philanthropy also follows suit.
Thoughts on billionaires, their wealth or their philanthropic habits? Share with friends and leave your comments below.
Data: Table 1.1
by
Raul
Raul
13 June 2019
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EDITOR'S PICK|14,808 views|
World’s Wealthiest Get Poorer As China Leads $2 Trillion Global Wealth Write Off: Report
Tough business conditions in China and Europe have impacted on the fortunes of the world’s richest.VCG VIA GETTY IMAGES
The wealth of the world’s richest people is in decline according to a new report from Capgemini, pointing to the loss of $2 trillion worldwide in 2018.
Capgemini’s World Wealth Report 2019 shows that the ultra-high-net-worth individual population (defined as having $30 million or more) declined by 4%, and their wealth declined by around 6%. This plunge accounted for 75% of the total global wealth decrease.
This is the biggest section in free-fall with what the report calls “mid-tier millionaires” (high-net-worth individuals (HNW) with between $5-30 million of wealth) representing 20% of the total decline, and “the millionaire-next-door” segment (who have between $1-5 million of wealth and makes up almost 90% of the HNWI population) remaining the least affected.
Investors watch the electronic board at a stock exchange hall in Nanjing, Jiangsu Province of China. (Photo by VCG/VCG via Getty Images)VCG VIA GETTY IMAGES
The decline in global wealth was driven by China with the Asia-Pacific region representing $1 trillion of the global decline in wealth, as the HNWI population decreased by 2% and HNWI wealth by 5%. The report notes: “China alone was responsible for more than half (53%) of Asia-Pacific and more than 25% of global HNWI wealth loss.”
The report adds that HNWI wealth declined across nearly all other regions: Latin America declined by 4%, Europe by 3% and North America by 1%. The Middle East bucked the trend, generating 4% growth in HNWI wealth and increasing its HNWI population by 6% due to strong GDP growth and financial market performance.
Global Wealth Woes
Cliff Evans, Vice President – Head Digital for Banking at Capgemini told Forbes that billionaires – the top bracket of UHNWIS – are not immune from current global trade headlines he defines as a “period of increased uncertainty”.
He adds: “We don’t separate out billionaires, but I don’t think that they’re immune or exempt from this. UHNWIs is where we’ve seen the biggest decline and they’re a part of that globally.”
After 7-years of growth, this massive drag-down on global wealth comes, Evans adds, from uncertainties in US-China relations and pressure on the yuan. China, the report claims, made up nearly 53% of the overall Asia-Pacific wealth decline and therefore accounted for more than 25% of the global HNWI wealth decline, while Chinese markets lost more than $2.5 trillion in market capitalization over the year.
James Barton runs the investment arm of the Featherstone family office, he tells Forbes via email, “2018 was a year when both equity markets and bond markets retracted globally, the moth-bitten, backward-looking model of ‘Equities go down/Bonds go up’ is broken as these asset classes have become correlated.”
Barton says that unimaginative wealth management is part of the problem, adding that “conventional wealth managers—and the benchmarks they desperately hug—have not worked this out yet and still mindlessly ‘diversify’ their clients’ money into asset classes which are behaving in the same way.”
Bernard Arnault and Rihanna. (Photo by Julien Hekimian/Getty Images for Fenty)GETTY IMAGES FOR FENTY
Despite France’s Bernard Arnaultmaking headlines in becoming the third (and Europe’s first) billionaire to cross into the ultra-rarefied club of those with a net worth above $100 billion, Europe was responsible for a massive 24% – or US$500 billion – of the overall $2 trillion decline in HNWI wealth in 2018.
The report finds that Europe experienced a near 0.5% decrease in HNWI population and a 3% decrease in HNWI wealth with the United Kingdom leading the way. “HNWI wealth performance in the United Kingdom took a significant hit with a 6% decline.” The report adds that UK economic growth is at its lowest point since 2012 in a large part down to, “political paralysis triggered by Brexit” creating market uncertainty, with key sectors such as manufacturing and construction sectors in sharp decline.
However North America was one of three regions to record an increase in HNWI population (0.4%), although HNWI wealth decreased slightly by 1%. The report adds, “HNWIs in the United States outperformed those in other developed nations as a result of economic growth – US GDP rose by 3% in 2018 compared with 2% in 2017 as unemployment shrank and wages inched upward.”
I am a wealth reporter at Forbes, based in London covering the business of billionaires, philanthropy, investing, tax, technology and lifestyle. I studied at Goldsmiths,
…Read MoreAlso on Forbes Billionaires
© 2019 Forbes Media LLC. All Rights Reserved.
EDITOR'S PICK|14,808 views|
World’s Wealthiest Get Poorer As China Leads $2 Trillion Global Wealth Write Off: Report
Tough business conditions in China and Europe have impacted on the fortunes of the world’s richest.VCG VIA GETTY IMAGES
The wealth of the world’s richest people is in decline according to a new report from Capgemini, pointing to the loss of $2 trillion worldwide in 2018.
Capgemini’s World Wealth Report 2019 shows that the ultra-high-net-worth individual population (defined as having $30 million or more) declined by 4%, and their wealth declined by around 6%. This plunge accounted for 75% of the total global wealth decrease.
This is the biggest section in free-fall with what the report calls “mid-tier millionaires” (high-net-worth individuals (HNW) with between $5-30 million of wealth) representing 20% of the total decline, and “the millionaire-next-door” segment (who have between $1-5 million of wealth and makes up almost 90% of the HNWI population) remaining the least affected.
Investors watch the electronic board at a stock exchange hall in Nanjing, Jiangsu Province of China. (Photo by VCG/VCG via Getty Images)VCG VIA GETTY IMAGES
The decline in global wealth was driven by China with the Asia-Pacific region representing $1 trillion of the global decline in wealth, as the HNWI population decreased by 2% and HNWI wealth by 5%. The report notes: “China alone was responsible for more than half (53%) of Asia-Pacific and more than 25% of global HNWI wealth loss.”
The report adds that HNWI wealth declined across nearly all other regions: Latin America declined by 4%, Europe by 3% and North America by 1%. The Middle East bucked the trend, generating 4% growth in HNWI wealth and increasing its HNWI population by 6% due to strong GDP growth and financial market performance.
Global Wealth Woes
Cliff Evans, Vice President – Head Digital for Banking at Capgemini told Forbes that billionaires – the top bracket of UHNWIS – are not immune from current global trade headlines he defines as a “period of increased uncertainty”.
He adds: “We don’t separate out billionaires, but I don’t think that they’re immune or exempt from this. UHNWIs is where we’ve seen the biggest decline and they’re a part of that globally.”
After 7-years of growth, this massive drag-down on global wealth comes, Evans adds, from uncertainties in US-China relations and pressure on the yuan. China, the report claims, made up nearly 53% of the overall Asia-Pacific wealth decline and therefore accounted for more than 25% of the global HNWI wealth decline, while Chinese markets lost more than $2.5 trillion in market capitalization over the year.
James Barton runs the investment arm of the Featherstone family office, he tells Forbes via email, “2018 was a year when both equity markets and bond markets retracted globally, the moth-bitten, backward-looking model of ‘Equities go down/Bonds go up’ is broken as these asset classes have become correlated.”
Barton says that unimaginative wealth management is part of the problem, adding that “conventional wealth managers—and the benchmarks they desperately hug—have not worked this out yet and still mindlessly ‘diversify’ their clients’ money into asset classes which are behaving in the same way.”
Bernard Arnault and Rihanna. (Photo by Julien Hekimian/Getty Images for Fenty)GETTY IMAGES FOR FENTY
Despite France’s Bernard Arnaultmaking headlines in becoming the third (and Europe’s first) billionaire to cross into the ultra-rarefied club of those with a net worth above $100 billion, Europe was responsible for a massive 24% – or US$500 billion – of the overall $2 trillion decline in HNWI wealth in 2018.
The report finds that Europe experienced a near 0.5% decrease in HNWI population and a 3% decrease in HNWI wealth with the United Kingdom leading the way. “HNWI wealth performance in the United Kingdom took a significant hit with a 6% decline.” The report adds that UK economic growth is at its lowest point since 2012 in a large part down to, “political paralysis triggered by Brexit” creating market uncertainty, with key sectors such as manufacturing and construction sectors in sharp decline.
However North America was one of three regions to record an increase in HNWI population (0.4%), although HNWI wealth decreased slightly by 1%. The report adds, “HNWIs in the United States outperformed those in other developed nations as a result of economic growth – US GDP rose by 3% in 2018 compared with 2% in 2017 as unemployment shrank and wages inched upward.”
I am a wealth reporter at Forbes, based in London covering the business of billionaires, philanthropy, investing, tax, technology and lifestyle. I studied at Goldsmiths,
…Read More
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Also on Forbes Billionaires
© 2019 Forbes Media LLC. All Rights Reserved.
A woman heads to a pool.
Twenty/20
There are 2,604 billionaires in the world, according to the Wealth-X Billionaire Census 2019, and over a quarter of these ultra-high-net-worth individuals reside in the U.S. “North America was the only region to record an increase in billionaire population,” the report notes.
While the worldwide billionaire population was down 5.4% in 2018, it grew by almost 4% in the U.S., from 680 to 705 individuals, the report found. China, the country with the second-highest number of billionaires, has 285.
Though total billionaire wealth in the U.S. fell by around 5%, it still exceeded that of the next eight wealthiest countries combined, Wealth X found: The billionaires of China, Germany, Russia, the U.K., Switzerland, Hong Kong, India and Saudi Arabia have a combined total of $2.9 trillion, while U.S. billionaires have over $3 trillion.
“Against a backdrop of heightened market volatility, global trade tensions and a slowdown in economic growth, the combined wealth of the world’s billionaires dropped by 7% to $8.6 trillion,” the report states, adding that American billionaires fared better than others around the world thanks to tax cuts and “robust corporate earnings.”
These are the 10 countries with the largest populations of billionaires.
10. TIE: United Arab Emirates
Number of billionaires: 55
Total wealth: $165 billion
Total wealth: $165 billion
10. TIE: France
Number of billionaires: 55
Total wealth: $195 billion
Total wealth: $195 billion
9. Saudi Arabia
Number of billionaires: 57
Total wealth: $147 billion
Total wealth: $147 billion
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8. India
Number of billionaires: 82
Total wealth: $284 billion
Total wealth: $284 billion
7. Hong Kong
Number of billionaires: 87
Total wealth: $259 billion
Total wealth: $259 billion
Note: Hong Kong is a semi-autonomous, special administrative region of China.
6. Switzerland
Number of billionaires: 91
Total wealth: $240 billion
Total wealth: $240 billion
5. United Kingdom
Number of billionaires: 97
Total wealth: $209 billion
Total wealth: $209 billion
4. Russia
Number of billionaires: 102
Total wealth: $355 billion
Total wealth: $355 billion
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3. Germany
Number of billionaires: 146
Total wealth: $442 billion
Total wealth: $442 billion
2. China
Number of billionaires: 285
Total wealth: $996 billion
Total wealth: $996 billion
1. United States
Number of billionaires: 705
Total wealth: $3.013 trillion
Total wealth: $3.013 trillion
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