As of November 2022, a combined value of **** trillion U.S. dollars was held by billionaires living in the United States. While U.S. billionaire wealth has seen a drop over the last year, it is still more than *** times the amount it was at the start of the COVID-19 pandemic.

As of August 2024, a combined value of 856 billion U.S. dollars was held by the top five wealthiest billionaires in the United States. According to the source, the five wealthiest billionaires were Elon Musk, Jeff Bezos, Mark Zuckerberg, Larry Ellison, and Warren Buffett.

Graph and download economic data for Share of Net Worth Held by the Top 1% (99th to 100th Wealth Percentiles) (WFRBST01134) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.

Billionaires with a net worth over 50 billion U.S. dollars had a combined net worth of nearly two trillion dollars in 2023. Billionaires with a fortune of two to five billion U.S. dollars had the highest combined total wealth, nearly reaching three trillion U.S. dollars. That year, there were 18 persons with a fortune of over 50 billion dollars.

According to the Hurun Global Rich List 2025, the United States housed the highest number of billionaires worldwide in 2025. In detail, there were *** billionaires living in the United States as of January that year. By comparison, *** billionaires resided in China. India, the United Kingdom, and Germany were also the homes of a significant number of billionaires that year. United States has regained its first place As the founder and exporter of consumer capitalism, it is no surprise that the United States is home to a large number of billionaires. Although China had briefly overtaken the U.S. in recent years, the United States has reclaimed its position as the country with the most billionaires in the world. Moreover, North America leads the way in terms of the highest number of ultra high net worth individuals – those with a net worth of more than ***** million U.S. dollars. The prominence of Europe and North America is a reflection of the higher degree of economic development in those states. However, this may also change as China and other emerging economies continue developing. Female billionaires Moreover, the small proportion of female billionaires does little to counter critics claiming the global economy is dominated by an elite comprised mainly of men. On the list of the 20 richest people in the world, only one was a woman. Moreover, recent political discourse has put a great amount of attention on the wealth held by the super-rich with the wealth distribution of the global population being heavily unequal.

In 2023, ** of the ***** billionaires worldwide had assets amounting to more than ** billion U.S. dollars. On the other hand, almost ***** had a fortune between one and two billion dollars. As of March 2025, Elon Musk was the richest person in the world.

With a net worth of 342 billion U.S. dollars, Elon Musk, the cofounder of seven companies, such as electric car maker Tesla and the rocket producer SpaceX, was the wealthiest man in the world in March 2025. The wealthiest people in the world Marc Zuckerberg, the cofounder of Meta Platforms, came second with a wealth of 235.6 billion U.S. dollars. Amazon-founder Jeff Bezos followed in third. All the 10 richest people in the world were men. Wealth distribution worldwide As of 2022, one percent of people held nearly half of the world's combined wealth. Moreover, 2.8 billion of the world's population hold a combined wealth of less than 10,000 U.S. dollars, compared to 59 million people having a combined wealth of 1 billion dollars or more, underlining the vast inequalities around the world. Where do the most affluent people live? Most millionaires live in the United States, while Hong Konk was the city hosting the largest number of high net worth individuals worldwide. The country with the highest number of billionaires is China.

In 2023, the highest total wealth owned by the world's billionaires was found in North America, reaching five trillion U.S. dollars. This comes as no surprise as North America also is the world region with the highest number of billionaires. Europe was the region where the second largest amount of wealth was found in 2023.

This statistic illustrates the total wealth of billionaires in Europe from 2016 to 2018, broken down by selected countries. It can be seen as of 2018, the total wealth of billionaires in Germany stood at a value of *** billion U.S. dollars, an decrease of approximately ** billion from the previous year. This made Germany the country in Europe with the highest billionaire wealth at that time. Russia and the Switzerland made up the rest of the top three, with *** billion U.S. dollars and *** billion U.S. dollars respectively in billionaire wealth as of 2018.

In 2023, roughly 1.49 billion adults worldwide had a net worth of less than 10,000 U.S. dollars. By comparison, 58 million adults had a net worth of more than one million U.S. dollars in the same year. Wealth distribution The distribution of wealth is an indicator of economic inequality. The United Nations says that wealth includes the sum of natural, human, and physical assets. Wealth is not synonymous with income, however, because having a large income can be depleted if one has significant expenses. In 2023, nearly 1,700 billionaires had a total wealth between one to two billion U.S. dollars. Wealth worldwide China had the highest number of billionaires in 2023, with the United States following behind. That same year, New York had the most billionaires worldwide.

Nearly half of the 3,323 billionaires worldwide in 2023 were between 50 and 70 years old. Moreover, more than 40 percent were above 70 years, whereas around 10 percent were below 50 years. A clear majority of the world's billionaires are men.

Amongst the selected Latin American countries, Mexico registered the largest average wealth of billionaires, at 8.97 billion U.S dollars in 2020. By contrast, the rest of the adult population had an average wealth of 41,530 dollars. This represented a wealth ratio of billionaires/general population of 216,079:1. Nevertheless, it was Argentina the nation with the largest inequality in the distribution of wealth. Billionaires' wealth in this South American country was equal to 3.7 percent of the national GDP.

Looking at the average billionaire's wealth worldwide by asset allocation, a clear majority of the wealth among male billionaires was made up of public holdings. Banking and financing is the industry to which the highest share of male billionaires devote most of their time.

The highest number of billionaires in 2023 was found in North America, reaching over 1,100. They were closely followed by Europe and Asia, whereas the gap down to the other regions of the world was significant.

The Gilded Age, taking place roughly from the 1870s until the outbreak of World War I (1914-1918), was a period of unprecedented rapid economic growth in the United States. The economy of the U.S. was dominated in many sectors by large industrial monopolies, such as Standard Oil, Carnegie Steel, and American Tobacco. The owner-managers of these firms came to be known as the 'robber barons', as they were seen as exploiting their companies' dominant market positions in order to enrich themselves. To this day, they remain some of the wealthiest people in American history - when the historical fortunes are adjusted to 2006 U.S. dollars, the current fortunes of today's richest U.S. residents such as Elon Musk and Jeff Bezos are still less than those of Rockefeller and Carnegie. The Sherman Act, passed by congress in 1890, banned monopolies that put unreasonable restrictions on trade. Combined with the end of the first era of globalization, brought on by the events of World War I, this marked the end of the era of dominance by large monopolies in the United States.

The statistic shows the distribution of U.S. millionaires in 2013, by race and ethnicity. As of 2013, about 76 percent of U.S. millionaires were White/Caucasian.

Additional information on racial income inequality

The issue of racial inequality in regards to income and wealth has been a problem through the entirety of the history of the United States. The statistic above demonstrates how the percentage of millionaires that identify as Black/African Americans is disproportionate to the share of the population overall. While the disproportionate number of millionaires demonstrates an undesirable degree of income inequality it is at the bottom of the wealth ladder within American society that the issue is most pressing. The overrepresentation of African Americans in contrast to the population in unemployment statistics are cause for concern on the part of the government and society as a whole. In 2014, nearly 25 percent of surveyed families who placed themselves in the income bracket of under ten thousand dollars identified as black.

The percentage of non-white female business owners perhaps demonstrates that barriers to wealth exist but are diminished in unison. As barriers to wealth generation are removed for women, similar barriers are also being broken to allow for greater equality in the economic opportunities offered across the population of the United States. A central issue for policy makers is the time delay associated with policies aimed at reversing these inequalities. This was reflected in the 2015 Democratic and Republican presidential primary campaigns. Despite many major candidates discussing the issue none put forward meaningful proposals to address the problem. Even Senator Bernie Sanders who made addressing income inequality the cornerstone failed to separate the issue from income inequality generally. However, the global attention gained by movements such as ‘Black Lives Matter’ shows issues of racial inequality are prominent in the discourse of sections of the wider population if not forming a cornerstone of the political discourse in the United States.

The number of billionaires in Pakistan is forecast to reach **** in 2026. In 2016, there were just ***** individuals whose net worth exceeded *** billion U.S. dollars in Pakistan.

Leading billionaire cities

According to the Hurun Global Rich List 2022, Beijing had the most billionaires in 2022. In total, *** billionaires lived in China's capital. Furthermore, *** billionaires resided in Shanghai, while *** were in New York. Many of the world's billionaires are concentrated in a few megacities. A look at the primary industries of billionaires globally helps to explain the importance of traditional global business capitals such as New York, London, and Hong Kong. The inclusion of Chinese cities on the list can be explained partly by the country's industrial conglomerates' strong performance in recent years.

The effect of ******** on the wealth of billionaires

Elon Musk was the billionaire whose fortune grew the most due to the COVID-19 pandemic. From September 2019 to September 2022, Elon Musk increased his net worth by ***** billion US dollars. Google’s Larry Page added the second highest value to his net worth during the period under consideration, with an increase of **** billion dollars. In contrast, Facebook founder Mark Zuckerberg’s net worth decreased by nearly ** billion US dollars during the same time.

As of September 2023, Amazon's founder Jeff Bezos was the world's richest internet billionaire, with an estimated net worth of 114 billion U.S. dollars. The chief technology officer of the computer software company Oracle, Larry Ellison, ranked second, with a fortune of 107 billion U.S. dollars. Bill Gates, the co-founder of tech giant Microsoft, ranked third in the ranking of internet billionaires, with a net worth of 104 billion U.S. dollars.

Bright future for tech industry

Standing out as one of the most profitable and fastest-growing industries, the tech sector's future looks bright as global spend is forecasted to rise annually until at least 2023, hitting nearly 4.6 trillion U.S. dollars that year. Most of this will come from investment in communication services, followed by IT services. In the aftermath of the global coronavirus pandemic, the software industry was also one of the more resilient tech branches, with approximately 6.6 percent growth forecast in October 2021, second only to the PC/Tablet category.

Amazon and Alphabet are top market players

In the realm of software, Amazon and Alphabet currently top the list of largest internet companies in the world by market capitalization. Starting in 1994 as an online bookstore, the internet giant founded by Jeff Bezos has since grown to offer grocery services, media streaming, e-books and smart home technology, among other products, and is now a leading e-commerce platform worldwide. Meanwhile, Alphabet, the Google brand's parent company, has also risen to be one of the most prominent players on the internet, primarily due partly to noteworthy acquisitions such as YouTube and the Android operating system, which now powers over 70 percent of the world's mobile devices.

As of March 2025, Elon Musk, the CEO of SpaceX, Tesla, and X (previously known as Twitter), was the richest person in the global tech industry with an estimated net worth of 312 billion U.S. dollars. Jeff Bezos, the founder of Amazon, followed with a net worth of 217 billion U.S. dollars. Elon Musk and Twitter/X On October 27th, 2022, Elon Musk bought the social network Twitter for around 44 billion U.S. dollars and became its CEO. Since Musk’s acquisition, the company has experienced some adjustments, including a name change to X and the option for users of becoming verified members for eight U.S. dollars per month. Moreover, there has been reports of increasing hate speech and the platform after Musk's takeover. Other tech billionaires and their companies Bill Gates, founder of Microsoft ranked 5th. Today, Microsoft develops consumer and enterprise software, services, and consumer electronics. In its 2023 financial year, Microsoft generated revenues of just under 212 billion U.S. dollars. By contrast, Mark Zuckerberg, the founder of Meta, ranked third. The company, previously known as Facebook, was rebranded in 2021 and its products include Facebook, Messenger, Instagram, and WhatsApp. Despite their wealth, these companies are not immune to the layoffs that have plagued the tech industry, which are affecting Meta and Amazon employees the most.

The impressive growth of social media companies in the early 2010s made many founders extremely wealthy. Facebook founder Mark Zuckerberg is the world’s richest social media entrepreneur with a personal net worth of *** billion U.S. dollars. Zhang Yiming, the creator of TikTok, is worth **** billion U.S. dollars. Social media companies going public and being acquired The years between 2010 and 2019 saw a flurry of social media companies filing for an initial public offering (IPO) or being acquired by bigger, public companies, generating significant amounts of wealth for their founders and early employees in the process. Facebook, which went public in May 2012, had the biggest IPO in tech and internet history until online shopping giant Alibaba went public in 2014. Many of the richest social media entrepreneurs are connected to Facebook and most of their net worth is derived from their early investment and subsequent ownership stake in the social network. Many early Facebook investors and co-founders have used their earnings from the company to increase their wealth derived from tech. Some, such as Dustin Moskovitz, have gone on to found other companies, whereas others, like Eduardo Saverin, have become venture capitalists. The social media era Other social media company IPOs which created major online buzz include Twitter’s in 2013, Snap’s initial public offering four years later and more recently, Pinterest’s, which made headlines in early 2019. TikTok's founder Zhang Yiming saw an unprecedented success in 2020 and ranked second on the social media billionaires' list. The coronavirus social restrictions and lockdowns led to people resorting to TikTok as a means of entertainment and socializing. Instagram founders Kevin Systrom and Mike Krieger netted a huge payday in 2012 when Facebook bought their then up-and-coming social network Instagram for * billion U.S. dollars – a sum which at that time was unheard of for such a transaction. However, this is nothing compared to the payout enjoyed by Jan Koum and Brian Acton two years later, whose chat service WhatsApp was acquired by Facebook for a staggering ** billion U.S. dollars – although the Facebook-Instagram deal arguably made bigger waves across the industry. In hindsight, Facebook’s acquisition of Instagram has come to represent a turning point in tech venture capitalism, helping to define the concept of tech “unicorns” and positioning an acquisition-enabled exit as a viable and lucrative target for start-ups.