(TNO) The world is home to 1,826 billionaires, with many countries and regions boasting hundreds of incredibly wealthy individuals. According to Forbes magazine’s list, Business Insider has compiled a surprising ranking of the countries and regions with the highest number of billionaires worldwide.
Although China is home to around 400 billionaires, it is not the country with the highest number of billionaires globally. Among the top 15 countries and regions with the highest number of billionaires, the five ranked lowest to highest are Taiwan, Kuwait, Japan, Lebanon, and Norway.
Taiwan, with 33 billionaires and a population of roughly 23.46 million people, has a billionaire ratio of 1/710,804, placing it 15th in the world. The Taiwanese have amassed wealth through their strong presence in the financial and trade sectors, particularly with China. Japan, on the other hand, the world’s third-largest economy, is the birthplace of 536 billionaires. While this is the highest number of billionaires in any country, it translates to one billionaire per over 321.36 million people.
Here are the top 10 countries and regions with the highest number of billionaires, as reported by Business Insider.
10. Israel
 |
Number of billionaires: 17 people. Population: 8.36 million people. Billionaire ratio: 1/491,653
Israel is renowned for its diamond industry, high-tech equipment, and pharmaceuticals. It boasts one of the most advanced technology markets globally. Teddy Sagi, the creator of betting software Playtech, is among Israel’s most well-known billionaires according to Business Insider.
9. Sweden
 |
Number of billionaires: 23 people. Population: 9.78 million people. Billionaire ratio: 1/425,411
Sweden is known for its high standard of living and a significant number of billionaires. Markus Alexej Persson, the creator of the popular game Minecraft, is one of the standout billionaires from Sweden.
8. Iceland
 |
Number of billionaires: 1 person. Population: 329,740 people. Billionaire ratio: 1/329,740
Iceland had six billionaires before the financial crisis; however, the only remaining billionaire in the country is Thor Bjorgolfsson, with a net worth of $1.28 billion.
7. Singapore
 |
Number of billionaires: 19 people. Population: 5.47 million people. Billionaire ratio: 1/287,879
Singapore is one of the wealthiest countries globally, with a high GDP per capita compared to many developed countries. It has a well-developed market economy, a successful financial sector, and low corruption. Many billionaires in Singapore have made their fortunes in real estate and banking.
6. Switzerland
 |
Number of billionaires: 29 people. Population: 8.26 million people. Billionaire ratio: 1/284,690
Switzerland is a haven for billionaires, offering high labor productivity and low corporate tax rates. It boasts low unemployment rates and a GDP per capita of approximately $54,800.
5. Cyprus
Number of billionaires: 5 people. Population: 858,000 people. Billionaire ratio: 1/171,600
Cyprus experienced an average growth rate of 4% in the first five years of its EU membership. The country has rebounded from the 2010 financial crisis and received a bailout package worth $13 billion. Despite this, it remains the fifth country with the largest number of billionaires.
4. Hong Kong
 |
Number of billionaires: 55 people. Population: 7.26 million people. Billionaire ratio: 1/132,075
Hong Kong, a Special Administrative Region of China, serves as the gateway to the global financial market. It is a prominent financial and trade hub, as well as a leading center of global finance. The richest person in Hong Kong is Li Ka-shing, with a net worth of $33.5 billion.
3. Guernsey
 |
Number of billionaires: 1 person. Population: 65,150 people. Billionaire ratio: 1/65,150
Guernsey, a British Crown dependency situated in the English Channel, ranks third due to its small population and the presence of billionaire Stephen Lansdown. Lansdown has a net worth of $2.1 billion.
2. Saint Kitts and Nevis
 |
Number of billionaires: 1 person. Population: 55,000 people. Billionaire ratio: 1/55,000
Saint Kitts and Nevis, located in the Leeward Islands of the West Indies, is the smallest country globally in terms of both area and population. The country’s sole billionaire is Jacky Xu, of Chinese descent. Xu founded the Trendy International Group in Shenzhen, China.
1. Monaco
 |
Number of billionaires: 3 people. Population: 37,800 people. Billionaire ratio: 1/12,600
The Principality of Monaco is a playground for the global super-rich, offering a favorable tax climate, high standard of living, and no income tax. However, the country only has three billionaires. The richest person in Monaco is David Nahmad, with a net worth of $1.85 billion from the art trade.
You may also like
7 Essential Feng Shui Tips You Should Know
Do you want to bring luck and fortune to your home? Here are some simple tips to help you achieve it!
What Financial Strategies Do Wealthy People Use?
If you want to become more financially comfortable, why not take a page from the wealthy? The following 10 methods will help you manage your money like the rich and powerful.
What is the purpose of placing a bowl of salt in the corner of the house?
In the past, people used to place a bowl of salt at the corner of their house or sprinkle salt in the corners of their rooms when moving into a new home. Why did this custom exist?
Children born within these three timeframes are blessed with the auspicious Cat Tinh energy, regardless of gender, and will excel in life. Parents are fortunate to have them.
In the view of astrology, children born within these 3 time frames are believed to have auspicious stars, bringing them luck and fortune in life.
Experience Prosperity: Transform into a Dragon and Phoenix at the Age of 4, Encounter Continuous Fortune, and Attract Wealth for the Next 9 Days
In the next 9 days of November, these 4 zodiac signs are set to encounter a lot of luck, whether it be in their careers or personal lives, everything will go smoothly.
