19 September 2016

Where Do The Richest People Live?

Which Country Has The Most Billionaires 2016

Last week we brought you Lottoland's breakdown of the countries with the most millionaires. This week it's the turn of the billionaires! Discover which countries house the wealthiest people on the planet, and of course, who has the most!

Which Country Has The Most Billionaires 2016

5. Germany (82)

Unsurprisingly for a nation renowned for its car industry, many of Germany's wealthiest billionaires made their fortune in the automotive industry.

Susanne Klatten, Stefan Quandt and Johanna Quandt are number 6, 7 and 8 respectively on the list of German billionaires, and all made their fortune through BMW.

Georg F. W. Schaeffler is Germany's richest person, making his money through the Schaeffler Group – a company that specialises in parts for automobiles, spacecraft and industries.

4. United Kingdom (82)

Despite losing ground to India, not to mention all that Brexit hand-wringing of late, there's still quite a lot of billionaires in Britain. As a financial and real estate centre, the UK remains a popular location for successful businesses, and property investment. It's also still one of the most attractive places for foreign billionaires to buy property. 

The UK is home to David and Simon Reuben, who were ranked the 60th richest people in the world. The duo made their money in metals, and now own huge swathes of property. Some notable places in their portfolio are The Piccadilly Estate the Millbank tower.

The Hinduja family remain atop Britain's rich list, with an estimated fortune of £11 billion (that's over €12.85 billion at the time of writing). Having operated in India and Iran the company's headquarters is now based in London, and the Hinduja group employs over 70,000 people in total.

Another notable figure on the UK's list is Hugh Grosvenor, 7th Duke of Westminster, who after his father's recent death has become the world's richest under 30-year-old. 

Speaking of royalty, nobody seems to be quite sure exactly how rich the Queen is. Back in 2011 Forbes putting her fortune at $500 million while one consultancy firm was somewhat more generous in its estimation, putting the value at £58.4 billion! 

3. India (111)

In 2016 India leapfrogged the UK and Germany to climb into 3rd place on the billionaire index. The majority of them made their fortune in the lucrative manufacturing, pharmaceutical, telecommunications and technology sectors.

This rapid rise is not expected to stop, with the number of Indian billionaires expected to exceed 200 by 2026. Two thirds of the Indian population live on $2 a day, and the increased growth is predicted to help raise the standard of living in certain areas. 

Millions have been lifted from poverty in recent years, a whopping 133 million people according to the World Bank, though of course there's still a long way to go. 

Meanwhile the explosion of wealth in the country has also seen a rise in luxury brands, with the likes of Louis Vuitton and Rolls-Royce being in increasing demand.

Unlike Chinese and American markets, India's economy is predicted to continue strongly, meaning the super-rich of the world's seventh largest country (and second by population) will only increase.

2. USA (535)

Be honest, you thought the US was still the winner, right? Well, in many respects it is, because despite falling to number two on the list, the United States is still home to the world's richest billionaires. Eight of the top ten are based in the USA, including Bill Gates, who remains the wealthiest man in the world.

Also on the list are Facebook and Amazon founders Mark Zuckerberg and Jeff Bezos, Michael Bloomberg and investment icon Warren Buffet.

America was also the home of John D. Rockefeller, whose fortune would be around $300 billion by modern standards, making him more than three times richer than Bill Gates, who is worth just over $75 billion.

1. China (568)

If we were posting this list a few years ago, the number one spot would have been clinched by the USA, the former home of the world's largest population of billionaires. Things have changed however.

Despite the slowing down of the global economy, China's number of billionaires has exploded in the last few years, and their collective net worth has now exceeded €1 trillion – around the same amount as the entire Australian economy. In 2012 China only had 95 registered billionaires, less than a quarter of the amount in 2016. (Not sure where you register as a billionaire, though I wouldn't mind joining that queue.)

China's billionaire's total wealth grew by around 10% in 2015 alone, and interestingly, this also coincides with the slowest rate of economic growth in China for 25 years.

The country's richest man is Jack Ma, whose net worth is an estimated €17.5 billion. The 51-year-old tech magnate is CEO of the famous Alibaba Group, as well as a number of other successful enterprises.

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