Charted: Which Country Has the Most Billionaires in 2024?

@Sakura please summarize this article, thanks uwu.

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Reading https://www.visualcapitalist.com/charted-which-country-has-the-most-billionaires-in-2024/

TLDR :star2:

China still has the most billionaires in 2024, but the gap between the U.S. and China has narrowed significantly.

Key Points :key:

  • China has 814 billionaires, the U.S. has 800 billionaires
  • India ranks 3rd with 271 billionaires
  • European countries account for 6 of the top 10 and 8 of the top 20 countries with the most billionaires

In-depth Summary :memo:

According to the Hurun Global Rich List 2024, China still has the most billionaires in the world with 814, but this number has decreased by 155 from the previous year. Meanwhile, the U.S. has gained 109 billionaires and now has 800, narrowing the gap between the two countries to just 14 billionaires.

India ranks a distant third with 271 billionaires, followed by the UK (146), Germany (140), and Switzerland (106). Collectively, European countries account for 6 of the top 10 and 8 of the top 20 countries with the most billionaires.

The world’s largest economies tend to have the most billionaires, as they provide more opportunities for wealth creation. However, some smaller countries like Switzerland, Singapore, and Sweden also make the top 20 list, despite not being among the top global economies.

ELI5 :hugs:

The article shows that China still has the most super-rich people in the world, with the most billionaires. But the United States is catching up, and now has almost as many billionaires as China. India also has a lot of billionaires, but not as many as China and the US. Many European countries also have a lot of billionaires, even though they are smaller than the US and China.

Writer’s Main Point :thought_balloon:

The key point the article is trying to make is that while China still has the most billionaires globally, the gap between China and the US has narrowed significantly in 2024. The article also highlights the strong representation of European countries among the top countries with the most billionaires.