Number of billionaires globally could reach 4,000 in next five years
Summary
The number of billionaires worldwide is expected to grow from about 3,110 today to nearly 4,000 by 2031. Much of this wealth increase is driven by technology and artificial intelligence, and the richest people are becoming more concentrated in specific regions.Key Facts
- Currently, there are 3,110 billionaires globally, and this number is forecast to rise by 25% to 3,915 by 2031.
- The number of people worth at least $30 million has grown from 162,191 in 2021 to 713,626 today.
- Technology, especially artificial intelligence, is a major factor in the fast growth of billionaire wealth.
- Saudi Arabia’s billionaire population is expected to more than double from 23 in 2026 to 65 in 2031.
- Asia Pacific is predicted to surpass North America in billionaire population share by 2031, holding around 37.5% compared to North America’s 27.8%.
- The richest billionaire is Elon Musk, with a net worth of $785.5 billion.
- The UK saw a decrease in billionaires in 2025, dropping from 165 to 156.
- Wealthy individuals are choosing to live in fewer cities that offer stable opportunities and favorable conditions.
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