The US tops this list as most of the world’s billionaires hail from the US. 724 Americans are now a part of the three comma club. The total net worth of all the billionaires in the country is $4.4 trillion. Furthermore, Bezos sits on top of this list with a net worth of $177 billion.
While the worldwide billionaire population was down 5.4% in 2018, it grew by almost 4% in the U.S., from 680 to 705 individuals, the report found. China, the country with the second-highest number of billionaires, has 285.
Though total billionaire wealth in the U.S. fell by around 5%, it still exceeded that of the next eight wealthiest countries combined, Wealth X found: The billionaires of China, Germany, Russia, the U.K., Switzerland, Hong Kong, India and Saudi Arabia have a combined total of $2.9 trillion, while U.S. billionaires have over $3 trillion.
“Against a backdrop of heightened market volatility, global trade tensions and a slowdown in economic growth, the combined wealth of the world’s billionaires dropped by 7% to $8.6 trillion,” the report states, adding that American billionaires fared better than others around the world thanks to tax cuts and “robust corporate earnings.”
Credit : CNBC
Picture Credit : Google
