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Wednesday, October 5, 2016

13. United States

13. United States
Number of billionaires: 536
Population: 321,369,000
Population per one billionaires: 599,569
The U.S. houses the largest amount of billionaires in the world and continues to dominate the rankings for the world's richest people. You have Microsoft founder Bill Gates who tops the overall wealthiest people in the world list with a net worth of $79.4 billion (£50.9 billion) and legendary investor Warren Buffett with $67.3 billion (£43.2 billion) at third. It ranks lower in the list though when looking at the number of billionaires per proportion of the population.

12. Lebanon

12. Lebanon
Getty
Number of billionaires: 7
Population: 4,104,000 
Population per one billionaires: 586,286
Lebanon has a free-market economy and now houses seven billionaires, including telecoms magnate and former Prime Minister Najib Mikati. 

11. Norway

11. Norway
Reuters
Number of billionaires: 10
Population: 5,176,998
Population per one billionaires: 517,700
Norway is rich with natural resources and has a vibrant private sector, so it's little wonder how it managed to carve out 10 billionaires. It is the world's third-largest natural gas exporter and seventh largest oil exporter. It is also home to Stein Erik Hagen, who founded discount supermarket Rimi with his father in the 1970s. He and his family are worth $4.5 billion (£2.8 billion).

10. Israel

10. Israel
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Number of billionaires: 17
Population: 8,358,100
Population per one billionaires: 491,653
Israel is big on cut diamonds, high-tech equipment and pharmaceuticals. It has one of the most technologically advanced market economies in the world. Perhaps the most famous Israeli billionaire right now is bachelor Teddy Sagi, who made his money setting up gambling software maker Playtech. He has a net worth of $3.5 billion (£2.2 billion) and Forbes says: "Great Britain is his playground." PlayTech is currently looking to buy out the embattled Plus500 trading firm

9. Sweden

9. Sweden
Chris Jackson/Getty Images
Number of billionaires: 23
Population: 9,784,445
Population per one billionaires: 425,411
Sweden is famed for its high standards of living as well as its mixed system of high-tech capitalism and extensive welfare benefits. However, it has also fostered 23 billionaires as of this year. This includes Swedish video game programmer and designer Markus Alexej Persson who founded the Mojang video game company which made the insanely popular Minecraft video game. 

8. Iceland

Number of billionaires: 1
Population: 329,740
Population per one billionaires: 329,740
Iceland used to have 6 billionaires on its shores before the financial crisis and now it is down to 1 - investor Thor Bjorgolfsson. However, due to Iceland's small population, Iceland makes number 8 in the list. Bjorgolfsson is worth around $1.28 billion (£817 million). 

7. Singapore

7. Singapore
REUTERS/Vivek Prakash
Number of billionaires: 19
Population: 5,469,700 
Population per one billionaires: 287,879
Singapore is one of the wealthiest countries with a per capita GDP higher than that of most developed countries. It has a highly developed and successful free-market economy and is corruption-free. The island nation boasts 19 billionaires, many of whom made their fortunes through real estate and banking, such as property tycoons Robert and Philip Ng with a net worth of $8.6 billion (£5.5 billion). 

6. Switzerland

6. Switzerland
Instagram/Jimaquest
Number of billionaires: 29
Population: 8,256,000
Population per one billionaires: 284,690
Switzerland is the perfect breeding ground for billionaires with its highly skilled labour force and low corporate tax rates. It has low unemployment and a high per capita GDP at $54,800 (£34,988). The richest man in Switzerland is Ernesto Bertarelli, who inherited pharmaceutical giant Serono. In 2007, he sold it to Merck for $9 billion (£5.7 billion). 

5. Cyprus

5. Cyprus
Reuters
Number of billionaires: 5
Population: 858,000
Population per one billionaires: 171,600
Cyprus's economy grew at an average rate of about 4% during the first five years of European Union membership but later tanked following the eurozone sovereign debt crisis of 2010. After a $13 billion (£8.3 billion) bailout, a raft of a capital controls, and unemployment rising to 16%, Cyprus has struggled to grow again. However, it still has five billionaires under its belt. Christos Lazari is worth $2.2 billion (£1.4 billion) and is a self-made billionaire from London property investments.

4. Hong Kong

4. Hong Kong
REUTERS/Bobby Yip
Number of billionaires: 55
Population: 7,264,100
Population per one billionaires: 132,075
Hong Kong is seen as the financial gateway into mainland China and has a free market economy. Since it is dependent on international trade and finance, Hong Kong has become one of the most prominent financial centres in the world. It's richest resident is Li Ka-Shing, the self-made billionaire worth $33.5 billion (£22.3 billion).

3. Guernsey

3. Guernsey
Getty
Number of billionaires: 1
Population: 65,150
Population per one billionaires: 65,150
It's surprising to see Guernsey in the third spot but since it has a tiny population and its sole billionaire Stephen Lansdown is enough to make the place one of the most densely populated nations for the ultra rich. Lansdown is worth $2.1 billion (£1.3 billion) after co-founding British financial-services firm Hargreaves Lansdown.

2. St Kitts and Nevis

2. St Kitts and Nevis
Reuters
Number of billionaires: 1
Population: 55,000
Population per one billionaires: 55,000
This two-island country in the West Indies were among the first islands in the Caribbean to be settled by Europeans. It's sole billionaire is the elusive Jacky Xu, who is originally from China. He founded the Trendy International Group of Guangzhou in China, which counts LVMH's financial vehicle L Capital as an investor.

1. Monaco

1. Monaco
REUTERS/Eric Gaillard
Number of billionaires: 3
Population: 37,800
Population per one billionaires: 12,600
Monaco is the playground of the super-rich due to its tax haven status and small and exclusive population that live in enviable climates and a seriously high standard of living. So it's surprising that it counts only three people as billionaires as its residents. Its richest person is fine art dealer David Nahmad with a net worth of $1.85 billion (£1.2 billion).

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