The latest Hurun World Rich List points out that China will be the country with the most billionaires in 2024. But which city in the world does the billionaire prefer to call home? Find out more below.
Living the life of a millionaire is an aspirational dream that many of us aspire to achieve. From their habits and zodiac signs to the industries that generate their vast wealth, examining the notable traits and characteristics of billionaires has provided insight for people who want to become wealthy.
Here are the findings: Not all billionaires are born rich, and not all celebrities are rich. Similarly, not all rich people are famous.
Breakdown of billionaires
Key findings of Hurun Global Rich List 2024
The newly announced “Hu Run World Rich List 2024” is created based on data collected as of January 15, 2024. According to the list, which has been in place for 13 years, China has once again topped the list of countries with the highest number of billionaires. world. However, the number of billionaires calling the country home has also declined significantly, with net losses expected to reach 155 out of a total of 814 billionaires by 2024.
Conversely, the United States maintained its second position with 800 millionaires, with a net growth rate of 108 people. The same goes for India, which once again ranks third in the list of countries with the highest number of billionaires. There are a total of 271 billionaires in the world, and her net income is 84.
Overall, 167 people achieved billionaire status over the past year, bringing the total to 3,279 billionaires worldwide. Of the 3,279 billionaires, 1,933 billionaires increased their wealth, while 1,346 saw their financial outlook worsen. Additionally, 278 millionaires were removed from the list, while the remaining 278 of his total remained the same. Therefore, the cumulative assets of the world's billionaires also increased by 9%, reaching a staggering amount of up to 15 trillion US dollars. Most notably, 67% of these billionaires are self-made, surpassing billionaires in the old money set and making them the most likely among the world's billionaires to inherit their wealth. Only 33% of people are
2023 was also the year of young billionaires, with 93 people on the list under the age of 40. Eight of them were under the age of 30, led by 19-year-old Clemente Del Vecchio of Essilor Luxottica eyewear, who has a net worth of $4.6 billion. Del Vecchio inherited his wealth and shares in Essilor Luxottica from his father, the late Italian billionaire Leonardo Del Vecchio, but as of 2024, he will be the world's youngest self-made billionaire thanks to fintech platform Bolt. Ryan Breslow, who has a net worth of $1.3 billion. When I was 29 years old.
The average age of the billionaires on the list is 66 years old.
richest man in the world
American businessman and investor Elon Musk has maintained his position as the world's richest person with a net worth of US$231 billion. He is followed by Jeff Bezos in second place with a net worth of $185 billion, Bernard Arnault with $175 billion, Mark Zuckerberg with $158 billion, and Larry Ellison and Warren Buffett with $144 billion each. Mr. continues.
Microsoft's Steve Ballmer and Bill Gates are in seventh and eighth place with $143 billion and $138 billion, respectively. In ninth place was Alphabet's Larry Page, who rounded out the top 10 with $123 billion.
India's Mukesh Ambani ranks 10th on the world's list of richest people with a net worth of $115 billion, while China's “bottled water king” Zhong Shanshan remains China's richest man with a net worth of $63 billion. Colin Huang Zheng of e-commerce company Pinduoduo came in second place with $53 billion, while Tencent's Pony Ma came in third with $35 billion.
In fourth place is Zhang Yiming, an internet entrepreneur and founder of Bytedance, the parent company of TikTok and Douyin, with a net worth of $34 billion.
Who runs the world? Female billionaires.
of Knight Frank Wealth Report In 2024, it is estimated that women will now make up 11 percent of the world's ultra-high-net-worth individuals, up 3 percent from just 8 percent less than a decade ago.a forbes A report published in April 2023 states that there are 337 female billionaires in the world.
While this is a small number compared to the broader billionaire population, it is a rapidly growing segment that includes 218 women in the mix, including Taylor, who made the list this year with a net worth of $1.2 billion. -Includes Alison Swift. Swift joins fellow billionaire and musician Rihanna, who has a net worth of $1.4 billion as of 2024.
The two will follow in the footsteps of Diane Hendricks, a 77-year-old Oklahoma-based businesswoman and film producer with a net worth of $22 billion who became the world's richest self-made billionaire. Meanwhile, L'Oréal tycoon Francoise Betancourt tops the list of the world's richest women with her net worth of $91 billion.
Where does wealth come from?
While Taylor Swift and her record-breaking era While tours can certainly claim credit for driving the growth of local business and entertainment industries, the biggest source of wealth is financial services, accounting for 10 percent of the world's billionaires.
Consumer goods followed, accounting for 8% of the world's billionaires, and food and beverage and real estate billionaires each accounted for 7%.
Despite remaining number two on the list of industries contributing to billionaire wealth, the consumer goods sector declined by 8.7%. This is most evident in the $27 billion loss incurred by Bernard Arnault of the LVMH family, the largest loss of the year. Arnault has since dropped to third place on the list, but his net worth still remains a huge $175 billion. According to Forbes magazine, Estee His Lauder's Leonard Lauder also points out that last year was a difficult year for luxury goods, with him making a loss of $3 billion.
However, the media and entertainment sector had a strong year, with the number of billionaires increasing by 5%. In addition to Taylor Swift's first appearance on the list, the entry of American singer Beyoncé in this field is also expected in due course, and media reports indicate that she herself is well on her way to becoming a billionaire. is suggested.
The sector added $226 billion in 2023, outpacing the software and services sector, which jumped $149 billion, the financial services sector, which added $118 billion, and the retail sector, which grew $104 billion.
Countries with the most billionaires in the world in 2024
These are the countries with the highest number of billionaires in the world in 2024.
China – 814
America – 800
India – 271
United Kingdom – 146
Germany – 140
Switzerland – 106
Russia – 76
Italy – 69
France – 68
Brazil – 64
Canada – 53
Thailand – 49
Indonesia – 47
Australia – 45
Japan – 44
Singapore – 42
South Korea – 37
Israel – 29
Spain – 27
Sweden – 25
Türkiye – 25
United Arab Emirates – 24
Mexico – 22
Malaysia – 19
Philippines – 18
Monaco – 18
Netherlands – 17
Austria – 16
Denmark – 16
Norway – 13
What cities do billionaires call home?
These are the cities with the highest number of millionaires.
New York – 119
London – 97
Mumbai – 92
Beijing – 91
Shanghai – 87
Shenzhen – 84
Hong Kong – 65
Moscow – 59
New Delhi – 57
San Francisco – 52
Bangkok – 49
Taipei – 45
Paris – 44
Hangzhou – 43
Singapore – 42
Guangzhou – 39
Jakarta – 37
São Paulo – 37
Los Angeles – 31
Seoul – 31
Tokyo – 30
Milan – 28
Bangalore – 27
Dallas – 23
Palm Beach – 23
Istanbul – 22
Ningbo – 22
Dubai – 21
Stockholm – 19
Melbourne – 18
Mexico City – 18
Suzhou – 18
Read the full report here.
(Main image: Beata Zawrzel/NurPhoto via Getty Images, Antoine Gori/Corbis via Getty Images, Featured image: Beata Zawrzel/NurPhoto via Getty Images)
Frequently asked questions (FAQ)
– Which country has the highest number of billionaires?
The country with the most billionaires in 2024 will be topped by China, with 814 billionaires.
– How many billionaires are there in India?
India has 271 billionaires, according to the Hurun World Billionaires List, the country with the most billionaires in the world.
– Which country has the richest people?
American businessman and investor Elon Musk is the richest person in the world with a net worth of $231 billion.
– Which continent has the most billionaires?
According to Hurun's World Millionaires List 2024, Asia is home to just under half of the world's known billionaires.
