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While some of these moguls are repeat winners—like Elon Musk and Bernard Arnault—many are fresh faces, and one is his country’s first-ever billionaire.
Billionaires are plentiful—but they aren’t everywhere. Less than half of all countries count a billionaire among their citizens. A fifth of those that do have just one.
This year, 78 nations and semi-autonomous territories have at least one billionaire on the list, the same number as last year. The richest member of any country is Tesla cofounder and CEO Elon Musk (estimated net worth: $342 billion), who was born a dual citizen of South Africa and Canada but obtained American citizenship in 2002 and has counted the United States as his primary residence ever since. Among mainland China’s 450 billionaires, the richest is Zhang Yiming ($65.5 billion), cofounder of TikTok parent ByteDance. India’s wealthiest is Mukesh Ambani ($92.5 billion), who chairs Reliance Industries, the multinational conglomerate founded by his late father.
The U.S. dominates the top of the ranking, with only two non-Americans in the “$100 Billion Club.” One is Amancio Ortega ($124 billion), the richest person in Spain and cofounder of the retailer Inditex, known for the Zara fast fashion brand. The other is Bernard Arnault ($178 billion), the wealthiest in France, whose fashion and cosmetics empire LVMH includes the likes of Louis Vuitton and Sephora.
Three countries have joined or rejoined since last year: Albania and Peru, which have one billionaire each, and Saudi Arabia, where Forbes identified 14 new billionaires and one returnee. The Saudi fortunes stem from a wide range of sources, from banking to pharmaceuticals to broadcasting. The richest is that of investor Prince Alwaleed Bin Talal Alsaud ($16.5 billion). Peru’s richest person, Eduardo Hochschild ($2.4 billion), returns to the list this year thanks to the rising share price of his mining company, while Albania has its first-ever billionaire: Samir Mane ($1.4 billion), who created the country’s largest supermarket and retail electronics chains.
Meanwhile, Bangladesh, Panama and Uruguay no longer have any billionaires. Muhammed Aziz Khan ($1.1 billion), who chairs the Bangladeshi energy company Summit Group, has been living in Singapore and finally transferred his citizenship there (the city-state doesn’t allow dual citizenship). He’s not the wealthiest of his new nationality, though—that title belongs to the paint manufacturing entrepreneur Goh Cheng Liang ($13 billion). Meanwhile, Forbes has recategorized the assets of Panama’s Stanley Motta as a family fortune in light of new information, so the banking investor is no longer considered an individual billionaire. And Uruguay’s Andrés Bzurovski Bay and Sergio Fogel have fallen below the three-comma mark thanks to the dropping share price of their fintech startup dLocal.
The Asia-Pacific region had the most billionaire citizens in 2024, but this year its 1,052 ranking members put it just behind the Americas, which have 1,077, led by 902 in the U.S. After that comes Europe (772) and the Middle East & Africa (127).
Here is the richest billionaire of each country and semi-autonomous region on the 2025 World’s Billionaires list.
DATA AS OF MARCH 7, 2025.
Albania
Age: 57 | Net Worth: $1.4 Billion | Rank: 2356 | Source of Wealth: Diversified
Algeria
Age: 81 | Net Worth: $3 Billion | Rank: 1219 | Source of Wealth: Food
Argentina
Age: 53 | Net Worth: $8 Billion | Rank: 382 | Source of Wealth: E-commerce
Armenia
Age: 56 | Net Worth: $1.2 Billion | Rank: 2623 | Source of Wealth: Investment banking
Australia
Age: 71 | Net Worth: $29.3 Billion | Rank: 61 | Source of Wealth: Mining
Austria
Age: 32 | Net Worth: $40.6 Billion | Rank: 38 | Source of Wealth: Red Bull
Barbados
Richest Person: Rihanna
Age: 37 | Net Worth: $1.4 Billion | Rank: 2356 | Source of Wealth: Music, cosmetics
Belgium
Age: 78 | Net Worth: $9 Billion | Rank: 329 | Source of Wealth: Investments
Belize
Age: 69 | Net Worth: $9 Billion | Rank: 329 | Source of Wealth: Investments
Brazil
Age: 43 | Net Worth: $34.5 Billion | Rank: 51 | Source of Wealth: Facebook
Bulgaria
Age: 52 | Net Worth: $2.7 Billion | Rank: 1362 | Source of Wealth: Animal health, investments
Age: 55 | Net Worth: $2.7 Billion | Rank: 1362 | Source of Wealth: Animal health, investments
Canada
Age: 48 | Net Worth: $62.9 Billion | Rank: 24 | Source of Wealth: Cryptocurrency exchange
Chile
Age: 82 | Net Worth: $28.1 Billion | Rank: 70 | Source of Wealth: Mining
China
Age: 41 | Net Worth: $65.5 Billion | Rank: 23 | Source of Wealth: TikTok
Colombia
Age: 67 | Net Worth: $10.7 Billion | Rank: 236 | Source of Wealth: Banking
Age: 43 | Net Worth: $10.7 Billion | Rank: 236 | Source of Wealth: Fintech
Croatia
Age: 73 | Net Worth: $2.1 Billion | Rank: 1688 | Source of Wealth: Real estate
Cyprus
Age: 80 | Net Worth: $17 Billion | Rank: 119 | Source of Wealth: Shipping
Czech Republic
Age: 57 | Net Worth: $18.2 Billion | Rank: 112 | Source of Wealth: Finance, telecommunications
Denmark
Age: 52 | Net Worth: $12.8 Billion | Rank: 185 | Source of Wealth: Fashion retail
Egypt
Age: 64 | Net Worth: $9.6 Billion | Rank: 289 | Source of Wealth: Construction, investments
Estonia
Age: 44 | Net Worth: $2.3 Billion | Rank: 1573 | Source of Wealth: Payments, banking
Eswatini (Swaziland)
Age: 93 | Net Worth: $7.3 Billion | Rank: 443 | Source of Wealth: Retail, real estate
Finland
Age: 68 | Net Worth: $3.7 Billion | Rank: 979 | Source of Wealth: Elevators, escalators
France
Age: 76 | Net Worth: $178 Billion | Rank: 5 | Source of Wealth: LVMH
Georgia
Age: 49 | Net Worth: $5.9 Billion | Rank: 597 | Source of Wealth: Fintech
Germany
Age: 85 | Net Worth: $41 Billion | Rank: 37 | Source of Wealth: Retail
Greece
Age: 43 | Net Worth: $7.6 Billion | Rank: 418 | Source of Wealth: Shipping
Guernsey
Age: 72 | Net Worth: $3 Billion | Rank: 1219 | Source of Wealth: Financial services
Hong Kong
Age: 96 | Net Worth: $38.9 Billion | Rank: 40 | Source of Wealth: Diversified
Hungary
Age: 59 | Net Worth: $3.6 Billion | Rank: 1015 | Source of Wealth: Diversified
Iceland
Age: 58 | Net Worth: $1 Billion | Rank: 2933 | Source of Wealth: Investments
India
Age: 67 | Net Worth: $92.5 Billion | Rank: 18 | Source of Wealth: Diversified
Indonesia
Age: 76 | Net Worth: $27.3 Billion | Rank: 72 | Source of Wealth: Coal
Ireland
Age: 34 | Net Worth: $10.1 Billion | Rank: 271 | Source of Wealth: Payment software
Age: 34 | Net Worth: $10.1 Billion | Rank: 271 | Source of Wealth: Payment software
Israel
Age: 74 | Net Worth: $28.2 Billion | Rank: 68 | Source of Wealth: Real estate, shipping
Italy
Age: 60 | Net Worth: $38.2 Billion | Rank: 41 | Source of Wealth: Nutella, chocolates
Japan
Age: 76 | Net Worth: $45.1 Billion | Rank: 30 | Source of Wealth: Fashion retail
Kazakhstan
Age: 55 | Net Worth: $7.1 Billion | Rank: 464 | Source of Wealth: Fintech
Lebanon
Age: 69 | Net Worth: $3.1 Billion | Rank: 1172 | Source of Wealth: Telecom
Age: 80 | Net Worth: $3.1 Billion | Rank: 1172 | Source of Wealth: Telecom
Liechtenstein
Age: 67 | Net Worth: $1.3 Billion | Rank: 2479 | Source of Wealth: Dental materials
Luxembourg
Age: 61 | Net Worth: $1.2 Billion | Rank: 2623 | Source of Wealth: Supply chain services
Malaysia
Age: 101 | Net Worth: $12.1 Billion | Rank: 195 | Source of Wealth: Palm oil, shipping, property
Mexico
Age: 85 | Net Worth: $82.5 Billion | Rank: 19 | Source of Wealth: Telecom
Monaco
Age: 83 | Net Worth: $6 Billion | Rank: 581 | Source of Wealth: Drugstores
Morocco
Age: 92 | Net Worth: $1.6 Billion | Rank: 2110 | Source of Wealth: Banking, insurance
Age: 67 | Net Worth: $1.6 Billion | Rank: 2110 | Source of Wealth: Real estate
Nepal
Age: 69 | Net Worth: $2 Billion | Rank: 1763 | Source of Wealth: Diversified
Netherlands
Age: 70 | Net Worth: $14.4 Billion | Rank: 160 | Source of Wealth: Heineken
New Zealand
Age: 69 | Net Worth: $9.3 Billion | Rank: 307 | Source of Wealth: Packaging
Nigeria
Age: 67 | Net Worth: $23.9 Billion | Rank: 83 | Source of Wealth: Cement, sugar
Norway
Age: 82 | Net Worth: $10.3 Billion | Rank: 260 | Source of Wealth: Cruises
Oman
Age: 76 | Net Worth: $3.4 Billion | Rank: 1072 | Source of Wealth: Real estate
Peru
Age: 61 | Net Worth: $2.4 Billion | Rank: 1513 | Source of Wealth: Mining
Philippines
Age: 75 | Net Worth: $17.2 Billion | Rank: 117 | Source of Wealth: Real estate
Poland
Age: 62 | Net Worth: $13.1 Billion | Rank: 178 | Source of Wealth: Q
Portugal
Age: 90 | Net Worth: $5.9 Billion | Rank: 597 | Source of Wealth: Energy, investments
Qatar
Age: 65 | Net Worth: $3.9 Billion | Rank: 929 | Source of Wealth: Investments
Romania
Richest Person (tie): Ion Stoica
Age: 60 | Net Worth: $2.5 Billion | Rank: 1462 | Source of Wealth: Data analytics
Age: 39 | Net Worth: $2.5 Billion | Rank: 1462 | Source of Wealth: Data analytics
Russia
Age: 74 | Net Worth: $28.7 Billion | Rank: 62 | Source of Wealth: Oil
Saudi Arabia
Age: 70 | Net Worth: $16.5 Billion | Rank: 128 | Source of Wealth: Investments
Singapore
Age: 97 | Net Worth: $13 Billion | Rank: 182 | Source of Wealth: Paints
Slovakia
Age: 55 | Net Worth: $2 Billion | Rank: 1763 | Source of Wealth: Investments
South Africa
Age: 74 | Net Worth: $14 Billion | Rank: 165 | Source of Wealth: Luxury goods
South Korea
Age: 66 | Net Worth: $8.4 Billion | Rank: 361 | Source of Wealth: Finance
Spain
Age: 89 | Net Worth: $124 Billion | Rank: 9 | Source of Wealth: Zara
St. Kitts and Nevis
Age: 34 | Net Worth: $8.5 Billion | Rank: 353 | Source of Wealth: Cryptocurrency
Sweden
Age: 77 | Net Worth: $18.6 Billion | Rank: 108 | Source of Wealth: H&M
Switzerland
Age: 84 | Net Worth: $37.7 Billion | Rank: 44 | Source of Wealth: Shipping
Age: 80 | Net Worth: $37.7 Billion | Rank: 44 | Source of Wealth: Shipping
Taiwan
Age: 75 | Net Worth: $11.7 Billion | Rank: 210 | Source of Wealth: Electronics
Tanzania
Age: 49 | Net Worth: $2.2 Billion | Rank: 1626 | Source of Wealth: Diversified
Thailand
Age: 85 | Net Worth: $15.2 Billion | Rank: 141 | Source of Wealth: Diversified
Turkey
Age: 66 | Net Worth: $5.5 Billion | Rank: 639 | Source of Wealth: Food
Ukraine
Age: 58 | Net Worth: $7.9 Billion | Rank: 390 | Source of Wealth: Steel, coal
United Arab Emirates
Age: 40 | Net Worth: $17.1 Billion | Rank: 118 | Source of Wealth: Messaging app
United Kingdom
Age: 57 | Net Worth: $18.8 Billion | Rank: 106 | Source of Wealth: Hedge funds
United States
Age: 53 | Net Worth: $342 Billion | Rank: 1 | Source of Wealth: Tesla, SpaceX
Venezuela
Age: 65 | Net Worth: $7.4 Billion | Rank: 430 | Source of Wealth: Banking
Vietnam
Age: 56 | Net Worth: $6.5 Billion | Rank: 535 | Source of Wealth: Diversified
Zimbabwe
Age: 64 | Net Worth: $1.2 Billion | Rank: 2623 | Source of Wealth: Telecom
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