The US is home to more billionaires than China, Germany and Russia combined (via CNBCMakeIt)
There are 2,604 billionaires in the world, according to the Wealth-X Billionaire Census 2019, and over a quarter of these ultra-high-net-worth individuals reside in the U.S."North America was the only region to record an increase in billionaire population," the report notes.
div > div.group > p:first-child"> 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.
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