The Countries With The Most Billionaires And Their Richest Citizens 2023 ForbesBillionaires
’ 2023 ranking of the world’s wealthiest people hail from 77 countries or territories around the globe, up from 75 last year., a Panamanian investor whose portfolio of Latin American companies includes Panamanian bank Banco General, joins the list, as does, an Armenian investment banker and politician who made his fortune in Russia during the 1990s . He returns after dropping off the 2022 list.
The U.S. again reigns as home to the most billionaire citizens, with 735–the same number as last year. Despite nearly 50 Americans, including, dropping from the ranks and another dozen dying, more than 60 U.S. citizens joined the billionaire ranks for the first time this year, includingThe U.S. is no longer home to the richest person in the world–luxury goods tycoonfor the title–but America still claims 17 of the world’s 25 richest people. In all, U.S. billionaires are worth a collective $4.
China boasts the second-most billionaires, with 495 who have a combined $1.67 trillion. They, too have, had a down year overall–in 2022, there were 539 Chinese billionaires worth $1.96 trillion. The country’s zero-Covid policies and rocky transition to a post-pandemic economy lowered economic growth and hit stock prices. A crisis in China’s property sector, driven by a glut of real estate after decades of nonstop development, also weighed on China’s economic outlook.
India, which has the third-most billionaires, with 169, had a more mixed year. The country gained three list members, but Indian billionaires as a group–worth $675 billion–are $75 billion poorer than in 2022. The biggest reason for that drop can be traced to one of the greatest wealth crashes in history:
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