Which Country or Territory Has the Highest Density of Billionaires?

While China is home to about 400 billionaires, it is not the country with the highest billionaire density in the world. In the top 15 countries and territories with the highest billionaire density, the 5 names at the bottom in order from low to high are Taiwan, Kuwait, United States, Lebanon, and Norway.

Taiwan has 33 billionaires and a population of about 23.46 million, with a billionaire density of 1 in 710,804 and ranking 15th in the world. Taiwanese people have become rich due to the boom in the financial services sector and close trade links with China. In the United States, the world’s largest economy, there are 536 billionaires. This is the country with the most billionaires, but with a population of over 321.36 million, it takes over half a million Americans to find a billionaire.

Here are the top 10 countries and territories with the highest billionaire density in the world, according to Business Insider.

Photo: Reuters

Number of billionaires: 17. Population: 8.36 million. Billionaire density: 1 in 491,653.

Israel is known for diamonds, high-tech equipment, and pharmaceuticals. It is one of the most advanced technology markets in the world. According to Business Insider, the most famous billionaire in Israel today is Teddy Sagi, who became rich from creating the gambling software Playtech.

Photo: Black Tomato

Number of billionaires: 23. Population: 9.78 million. Billionaire density: 1 in 425,411.

Sweden is known for its high standard of living and is also famous for its billionaire density. One of the prominent billionaires in the country is game programmer Markus Alexej Persson, the creator of the famous game Minecraft.

Photo: Reuters

Number of billionaires: 1. Population: 329,740. Billionaire density: 1 in 329,740.

Before the financial crisis, Iceland had 6 billionaires. The sole billionaire in the country today is Thor Bjorgolfsson, who owns assets worth $1.28 billion.

Photo: Reuters

Number of billionaires: 19. Population: 5.47 million. Billionaire density: 1 in 287,879.

Singapore is one of the wealthy countries with a much higher per capita GDP than many developed countries. The country has a developed, successful, and clean market economy with little corruption. Many Singaporean billionaires have risen from real estate and banking.

Photo: Reuters

Number of billionaires: 29. Population: 8.26 million. Billionaire density: 1 in 284,690.

Switzerland is a perfect land for billionaires with a highly skilled workforce and low taxes. It is also a country with low unemployment and a per capita GDP of around $54,800.

Number of billionaires: 5. Population: 858,000. Billionaire density: 1 in 171,600.

The Republic of Cyprus had an average growth rate of 4% in its first 5 years as a member of the European Union (EU). The country then suffered from the European debt crisis in 2010 and began receiving a $13 billion bailout package. However, it is still home to 5 billionaires.

Photo: Reuters

Number of billionaires: 55. Population: 7.26 million. Billionaire density: 1 in 132,075.

Hong Kong Special Administrative Region (China) is considered a major gateway to the Mainland market. As a territory dependent on international trade and finance, Hong Kong has become one of the leading financial centers worldwide. The richest person in Hong Kong is Li Ka-shing, a self-made billionaire with a net worth of $33.5 billion.

Screenshot of Express

Number of billionaires: 1. Population: 65,150. Billionaire density: 1 in 65,150.

Guernsey, a county in England, ranks third due to its small population and the sole billionaire Stephen Lansdown. Lansdown owns $2.1 billion.

Photo: Reuters

Number of billionaires: 1. Population: 55,000. Billionaire density: 1 in 55,000.

The Federation of Saint Kitts and Nevis is located in the Leeward Islands in the West Indies. It is the smallest country on both the List of countries by area and List of countries by population published by the United States. The sole billionaire here is Jacky Xu, a Chinese entrepreneur. Xu established the Trendy International Group in Guangzhou, China.

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