Small Business Prices has analysed the wealth of the world’s 2,095 billionaires. This study shows just how far the wealth of the 30 richest people would reach into space if it were to be stacked in $1 bills, and reveals which countries and industries account for the most billionaires.
A new study by Small Business Prices reveals the wealth of the world’s billionaires if it was stacked in $1 bills. This has been measured against some of the world’s most iconic buildings and attractions, and the distance between Earth and the Moon. The study also looks at the gender split, as well as which industries and countries account for the most billionaires. You can view the campaign here.
The world’s richest people visualised
From Jeff Bezos to Elon Musk, the study compares the height of each of the world’s 30 wealthiest people’s net worth stacked in $1 bills.
Out of the top 30, 80% are male and 20% are female, and together they account for $1,464.5 billion (18.22%) of the world’s total billionaire wealth – almost $1.5 trillion. This amount of money equals the average annual salary of 33.6 million people in the US or 52.5 million people in the UK. These are the findings for the world’s five richest people:
|Rank||Name||$ bills stacked in km||# of Burj Khalifa buildings||# of Eiffel Towers||# of Empire State buildings||# of Mount Everest mountains|
|3||BERNARD ARNAULT & FAMILY||8,301||10,025||25,619||21,787||938|
With a total wealth of $413.5 billion, the five richest people in the world are all male and four out of five live in the US, with the exception of Bernard Arnault & family who are situated in France. If you stacked their wealth in $1 bills, it would reach the ISS space station and back 56 times.
Out of all billionaires, 241 (11.50%) are female, accounting for 12.31% of the total wealth of $8 trillion. The research also reveals that only one out of the 10 richest women in the world are self-made billionaires, compared to eight out of the 10 richest men.
The industry splitAcross the billionaires analysed, their wealth has derived from a total of 18 different industries. But which sectors produce the world’s biggest moneymakers, and are the top industries different for men compared to women?
Out of the 30 richest people in the world, 33.3% acquired their wealth from technology and 30% became billionaires from fashion & retail, proving that these industries are playing a big part in the overall billionaire economy. These are the three biggest industries overall for billionaires:
|1||Finance & investments||Food & beverage||Finance & investments|
|2||Technology||Fashion & retail||Technology|
|3||Fashion & retail||Diversified||Fashion & retail|
Looking at the smallest industries for billionaires, gambling & casinos has the lowest number of billionaires overall. The sports industry also ranks low for both men and women, with construction and engineering as the third smallest industry for female billionaires. The telecom industry is the only sector that doesn’t have billionaires of both genders and accounts for 29 male billionaires, making it the third smallest industry for men.
The country split
The world’s billionaires spread across 72 counties, but where do you have the highest chance of becoming one? Analysing the country of residence, these are the top three countries with the highest number of billionaires:
- USA: With 614 billionaires, the US accounts for 29.31% of all 2,095 billionaires, as well as 36.67% of all billionaire wealth at more than $2.9 trillion. Eight out of the 10 richest people in the world live here. The USA’s richest person is Jeff Bezos, worth $113 billion at the time of the research, who got his wealth as the CEO of Amazon. He’s also the richest person in the world.
- China: With a total of 388 billionaires, 18.52% of all billionaires live in China, which accounts for 14.8% of the accumulated wealth. Jack Ma, co-founder of Alibaba, is China’s richest person and the 17th richest person in the world and is worth $38.8 billion
- Germany: With 107 billionaires, Germany ranks 3rd and accounts for 5.11% of the 2,095
billionaires as well as 5.6% of the world’s billionaire wealth. Germany’s richest people are Beate Heister and Karl Albrecht Jr. They rank as the 23rd richest in the world and are heirs of Karl Albrecht, who founded Aldi, and are worth $33.3 billion
While the US has the most billionaires in the world, they have the 13th highest odds of becoming a billionaire, with Monaco having the best odds. The UK ranks as 27th, with 1 billionaire for every 1,508,578 people.
Ian Wright, founder of Small Business Prices comments:
“In today’s world, there’s an increasingly growing gap between the rich and the poor caused by the global pandemic, with i.eg. Amazon’s stocks skyrocketing in the last quarter, increasing Jeff Bezos’ net worth by tens of billions of dollars in a matter of weeks. To get a better understanding of just how rich the world’s richest are, we wanted to visualise the wealth of the world’s billionaires to see how epic the size of their wealth is.
While our study has analysed the wealth of the richest people in the world to give a greater perspective of their wealth, it also digs deeper to find out which industries and countries are accumulating the most billionaires in the world, and how this changes between the genders.
It’s interesting that billionaires in the US account for over one-third of all billionaire wealth, with Facebook, Amazon and Microsoft all being founded by Americans, considering the world’s billionaires spread across 72 different countries.
It’s also interesting to see that although finance and investments is the biggest industry for billionaires overall, it only accounts for 1 out of the 30 richest people in the world, whilst the technology and fashion and retail industries both account for one-third each, proving these industries to have a massive impact on the overall billionaire wealth.”