How Many Billionaires Will the World Add in the Next Ten Years?

Aspects of life are bizarre and we will never keep up with how certain things keep changing. For instance, the extremely wealthy are growing in numbers and the middle-class income earner or the poor continues to sink in poverty.

As the rest of the world silently watches with wonder, billionaires effortlessly get rich leaving many coveting their positions. They make it look so easy and whenever you try to emulate what they do, you fail terribly. But why is that?

Billionaires do what they love and it doesn’t come as a surprise if they make in a day what get in a whole year. If you thought this is frustrating, well, it is just about to get worse. More billionaires are springing up from nowhere adding to the list of the extremely wealthy.

This post sheds light on the countries that will create the most billionaires in the next ten years. It is sourced from Gulf News.

According to data from AfrAsia Bank, the United Arab Emirates (UAE), Dubai will have the most billionaires than any other country across the globe. China and India, on the other hand, will consistently remain at the forefront of making the richest individuals in the next decade.

Reports show that the UAE will add 7 extremely wealthy billionaires by 2017, making it the 12th biggest producer of super-rich individuals. This will be a 42 percent increase from what is currently the state.

Impressively, the stats show that a new billionaire will be added annually in the UAE over the next ten years. Currently, 13 billionaires come from the country, the 21st largest worldwide. What is even more appalling is that some of these billionaires are self-made! Makes you wonder where you went wrong, huh?

Dubai will surpass other countries known to be the hubs of the super-rich such as Monaco and Luxembourg alongside Saudi Arabia, Oman, Qatar, France, and Italy.

Several factors can be attributed to the growing wealthy population in the UAE. The business environment is highly favorable and with low taxation, it makes a perfect hub for investors from around the world.

The country boasts fast-growing sectors encompassing technology, financial services, health, and the media. This has also contributed to the consistent growth of the state’s wealth.

On the other hand, the Chinese continue to get rich as ever holding on to the top position among countries producing the largest number of super-rich citizens. In China, 3 billionaires pop up every year! How incredible is that? That is not enough, in the next 10 years, China will add 448 new billionaires!

Currently, the United States of America leads with the largest number of billionaires with a total of 747, followed by China with 249. India follows closely with 119 super-rich individuals, then the United Kingdom with 103.

Other countries haven’t hit the hundredth mark yet but Germany is close with 82 billionaires, Hong Kong SAR, China with 56, Canada with 44, France with 41, and Brazil with 36 extremely wealthy persons.

A total of 35 billionaires come from Japan, 32 from Korea, Rep., Taiwan, 31 from Italy, Switzerland, 25 from Singapore, 22 from Sweden, followed by Spain with a total of 20 billionaires and Mexico and the Caribbean with 19 billionaires each.

The Netherlands subsequently follow with 18 billionaires, Indonesia with 17, Turkey with 16, and the UAE, Malaysia with 13. Where are the African countries?

Meanwhile, India will add 238 new billionaires, whereas the United States, Russia, and Australia will each add 147, 63 and 35 individuals with at least 1 billion dollars in fortune, respectively.

In the top 5 countries that will produce the greatest number of billionaires in the next 10 years, the trend is as shown in the table below.

Hong Kong SAR, China will add 22 billionaires after 10 years positioning it at the sixth rank, followed by Canada and Korea Republic with 13 billionaires, Switzerland with 12, Japan and the Caribbean with 11, the UK, Taiwan, and Singapore with 10 super-rich individuals.

On the other hand, Germany will add 8 more wealthy individuals bringing the total number to 90 billionaires. UAE, Malaysia, and Brazil will have produced 7 billionaires by 2027 with the number in Mexico, Thailand, and the Philippines standing at 6.

Indonesia will add 5 individuals and France 4, followed by Italy, Monaco, Chile, Poland, and New Zealand with 3 new billionaires.

Some countries in Africa, for instance, South Africa and Kenya will add 2 billionaires by 2027, the same number as that of Sweden, Spain, Netherlands, Argentina, Ireland, Czech Republic, Luxembourg, Peru, Kazakhstan, Vietnam, and Turkey.

Those that will add only one billionaire by the end of the ten years include Norway, Austria, Egypt, Denmark, Finland, Iran, Colombia, Pakistan, Qatar, Liechtenstein, Romania, Cyprus, Tanzania, Malta, Jordan, and Saudi Arabia.

Be it as it may, even as the poor continue to become poorer, we all cannot become billionaires, and if we were, philanthropy wouldn’t exist. Either way, the less fortunate can just marvel and hope to reach there some day. Breakthroughs come at different stages of life, so hold your breath and hope.