Billionaires is a term you may have started hearing over the past decade, thanks to the big names that have joined the ranks of billionaires of late. A billionaire is someone who has over a billion dollars. It could be anyone; business tycoons like Jeff Bezos, politicians like Donald Trump, or celebrities like Beyonce, Rihanna, and Jay-Z are all classified under this category.
Previously, it was assumed that the billionaires were big shots in the business world who’d rather not make public appearances, which is why you probably couldn’t name any back in the day. But now you have outlets like Forbes magazine that are kind enough to keep you updated about the financial status of anyone famous.
Many people are interested in attaining this status and stepping into the billionaire’s club because you may have heard of celebrities like reality stars and businesswomen. Kylie Jenner is going to extreme lengths by sharing fake 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 population and if you are interested to know more about this particular group, then keep on reading.
The Billionaire Population
Currently, 3,311 billionaires worldwide have a joint wealth of around $11.8 trillion. Since 2021, their population has gone up by a shocking 3%. If it doesn’t sound shocking to you, then remember that getting to the billion-dollar mark is not easy, and 3% happens to be a small group of the population.
Since 2020, it is estimated that the billionaire’s wealth has only gone higher, which has increased by 18%, even though many people struggled to make ends meet during this time. So, let’s talk about where this particular population is based and where they come from.
Billionaires By Continents And Regions
Thanks to the Wealth-X Billionaire Census, you can visualize and check where the world’s billionaires live and even observe their wealth. So, right off the bat, the leading continent is North America, which is home to 1,035 billionaires who have a joint wealth of $4.6 trillion. Second is Europe, which has 954 billionaires that share a wealth of $3.1 trillion.
Then you have Asia, which closely comes behind Europe with 899 billionaires and racking up a collective billionaire wealth of $2.9 trillion. Then, you have the middle east, which has 191 billionaires with a collective wealth of $519 billion, and Latin America and the Caribbean, which have 146 billionaires and a collective net worth 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.