US
The US is the absolute leader in the number of billionaires. More than 730 magnates live in America. Their total wealth is estimated at $4.5 trillion, a bit lower than the overall figure for the last year. Besides, 17 Americans belong to the 25 richest people in the world. Elon Musk is recognized as the wealthiest person in the US. According to the last estimates, the private capital of Tesla, SpaceX, and Twitter’s CEO amounts to $168 billion. Still, French entrepreneur Bernard Arnault is richer than Elon Musk.
China
China still ranks second on the list like last year. Nowadays almost 500 people with a capital over $1 billion live in the second-largest global economy. Curiously, the ranks of the ultra-rich in China lost 44 people this year compared to 2022. Nevertheless, the list of the wealthiest people in China is still headed by Zhong Shanshan (in the photo), owner and founder of beverage company Nongfu Spring. His net worth is valued at nearly $63 billion. The total wealth of all Chinese tycoons measures $1.7 trillion.
India
By contrast, the number of billionaires in India has increased in the last 12 months. Nowadays, 169 super-rich people possess a total of $675 billion. The overall value of Indian magnates has shrunk considerably by $75 billion from a year ago. Gautam Adani, the founder and chairman of the industrial and financial conglomerate Adani Group incurred the heaviest losses. The industrialist was accused of fraud. Eventually, he lost the title of the wealthiest person in India. The leading position now belongs to Mukesh Ambani (in the photo), the chairman and managing director of petroleum giant Reliance Industries. His fortune is estimated at more than $85 billion.
Germany
Despite steep losses reported by German billionaires last year, this advanced European economy still ranks fourth in the number of the ultra-rich. At present, 126 people living in Germany possess a fortune of over $1 billion. Dieter Schwarz is acknowledged to be the richest man in the country. He owns Schwarz Group, the multinational retail group that operates grocery stores under the Lidl brand (in the photo). According to the latest estimates, the personal capital of Dieter Schwarz is valued at $44 billion.
Russia
Despite severe Western sanctions, Russian entrepreneurs have notched up considerable success in the last 12 months. More than 20 new high-fliers have entered the ranks of Russian billionaires. For the time being, 105 oligarchs live in the Russian Federation. Their overall capital equals more than $470 billion. The wealthiest Russian entrepreneur now is Andrey Melnichenko (in the photo) who runs a fertilizer manufacturing company. The fortune of EuroChem’s owner exceeds $25 billion.
Economic inequality remains one of the most pressing issues in today's world. To measure the gap between the rich and the poor in each country, the Gini index is used. This coefficient reflects how income is distributed within a society: the closer the index is to 100, the greater the inequality. Let's explore which countries currently have the highest Gini index values
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