Billionaires is a term you may have started hearing over the last decade, thanks to the big names that have joined the ranks of billionaires in recent times. A billionaire is someone who has more than a billion dollars. It could be anyone; Business tycoons like Jeff Bezos, politicians like Donald Trump, or celebrities like Beyonce, Rihanna, and Jay-Z fall into this category.
Previously, billionaires were assumed to be bigwigs in the business world who preferred not to make public appearances, which is probably why you couldn’t name any in the past. But now you have outlets like Forbes magazine that are kind enough to keep you up to date on the financial status of any famous person.
Many people are interested in achieving this status and joining the billionaire club because you may have heard of celebrities like reality stars and businesswomen. Kylie Jenner is going all out by sharing bogus documents with Forbes to take the title of the world’s youngest self-made billionaire. So, there has to be something special about this certain group of the world’s population and if you are interested in knowing more about this particular group then read on.
The billionaire population
Currently, 3,311 billionaires around the world have a combined wealth of around $11.8 trillion. Since 2021, its population has increased by a staggering 3%. If you don’t find this shocking, remember that reaching the billion dollar mark is not easy and that 3% is a small group of the population.
Since 2020, the billionaire’s wealth is estimated to have only increased, rising by 18%, even though many people struggled to make ends meet during this time. So let’s talk about where this particular population is and where they come from.
Billionaires By Continents And Regions
Thanks to the Wealth-X Billionaire Census, you can visualize and verify where the world’s billionaires live and even look at their wealth. So, from the start, the leading continent is North America, which is home to 1,035 billionaires who have a combined wealth of $4.6 trillion. Second is Europe, which has 954 billionaires who share a wealth of $3.1 trillion.
Then there is Asia, which is very close to Europe with 899 billionaires and amassing a collective billionaire wealth of $2.9 trillion. Then there is the Middle East, which has 191 billionaires with a collective wealth of $519 billion, and Latin America and the Caribbean, which has 146 billionaires and a collective wealth of $465 billion. The last two regions, Africa and the Pacific, have 46 and 40 billionaires, respectively.
When it comes to countries, the United States of America wins the race with 975 billionaires and a collective wealth of $4.45 trillion.