Phnom Penh (FN), May 3 – China has 814 billionaires, the most in the world, according to the Hurun Global Rich List 2024. Despite holding on to the top spot, China lost 155 billionaires year-over-year, while the US gained 109. The gap between the two countries has now reduced to just 14 billionaires.

Together, the US and China account for nearly half of the 3,279 billionaires globally, leagues ahead of closest peers, #3 India (271) and #4 UK (146).

Collectively however, European countries account for six of the top 10 and eight of the top 20 countries with the most billionaires.

Switzerland, Singapore, and Sweden are outliers in this regard, with only one of them making the top 20 economies by total gross domestic product.

This article was originally published on Voronoiapp.