Where Are the World's Billionaires Moving? 💰

Key Takeaways

• On a net basis, China has gained more billionaires than any other global region over the past decade, reaching a total of 501 in 2024.
• Western Europe follows next in line, gaining 20 billionaires. Altogether, billionaires in the region hold $2.7 trillion in wealth.
• With net outflows of 29 billionaires, Eastern Europe saw the largest decline likely influenced by the Russia-Ukraine war and the COVID-19 pandemic.

China Sees Highest Net Inflows Since 2015

In the last 10 years, China has seen a net increase of 25 billionaires, with collective billionaire wealth doubling since 2015.

Like China, countries such as Switzerland, the U.S., and the UAE are attracting billionaires, particularly in the past five years.

Since 2020, the Middle East and Africa have attracted the highest influx of billionaire wealth. In the UAE, for example, billionaire wealth surged by 39.5% between 2023 and 2024 alone.