Richest countries in the world
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Richest Countries in the World in 2020
- 1. Qatar: $138.9K
- 2. Macao: $113.4K
- 3. Luxembourg: $112K
- 4. Singapore: $105.7K
- 5. Ireland: $87K
- 6. Brunei Darussalam: $85K
- 7. Norway: $79.6K
- 8. UAE: $70.4K
- 9. Kuwait: $67.9K
- 10. Switzerland: $67.6K
- The countries with the highest per capita GDP, adjusted for purchasing parity, all tend to be relatively small city-states with international fame in specific industries. The richest country in the world, Qatar ($138.9K), is a tiny Middle Eastern country with an absolutely massive amount of oil. Macao ($113.4K) is similarly a tiny autonomous region where Asia’s wealthy go to gamble. The other two countries to break $100K are likewise small countries, Luxembourg ($112K) and Singapore ($105.7K).
- The US is noticeably absent from the list of top 10 countries. Whether or not you believe the US is the greatest country in the world, it is certainly not the wealthiest on a per capita basis. Coming in at just $67.4K, the US ranks 12th behind places like Switzerland ($67.6K) and Kuwait ($67.9K). That being said, the US is by far the richest in the Americas, easily outranking Canada ($52.1K). The rest of the hemisphere falls somewhere well below $50K.
- The final insight from our visualization is just how poor Africa is compared to the rest of the world. Ranked dead last in almost every measure of wealth and living standards, there isn’t a single African country with more than $50K in per capita GDP. In fact, the two highest ranking African countries, the Seychelles ($33.1K) and Mauritius ($26.5K), aren’t even on the physical continent. The vast majority of Africa subsists on less than $10K in GDP per capita, several orders of magnitude less than any other developed economy in the world.
- GDP per capita, adjusted for purchasing power, is a great way to compare the wealth between countries, however it doesn’t take into account wealth disparities inside each country. The US for example has a GDP per capita of $67.4K, but this doesn’t mean the average person contributes that much to the economy. As of 2018, the average wage in American was around $50,000 but the median was about $33,000. This suggests that a small number of wealthy people are driving up the overall figures.
Richest men in the world
- 1. Jeff Bezos: $183bn (£137bn)
- The former hedge fund manager turned online book seller started Amazon in his garage in 1994. Bezos has invested heavily in space technology and also owns The Washington Post newspaper.
- 2. Elon Musk: $136bn (£101.8bn)
- Musk is the founder and CEO of SpaceX and also the CEO of Tesla.
- 3. Bill Gates: $129bn (£96.6bn)
- A permanent fixture at the top end of rich list for the past 20 years, the Microsoft founder has sold or given away much of his stake in the company – he owns just 1% of Microsoft – and now focuses predominantly on his philanthropic work.
- 4. Mark Zuckerberg: $105bn (£78.6bn)
- Zuckerberg famously started Facebook in 2004 at the age of 19 and now is among the top five richest men in the world.
- 5. Bernard Arnault & family: $105bn (£78.6bn)
- Arnault is the wealthiest European on the list. The Frenchman oversees an empire of more than 60 brands including Louis Vuitton and Sephora.
- 6. Warren Buffett: $88.4bn (£66.2bn)
- Now in his ninth decade, the Berkshire Hathaway chief executive, known as the “Oracle of Omagh” is one of the most successful investors of all time. Like Gates he has pledged to give away more than 99% of his fortune to charity.
- 7. Larry Page: $82.7bn (£61.9bn)
- Internet entrepreneur Page is one of the co-founders of Google. He stepped down as CEO of Google’s parent company Alphabet Inc. in December 2019 but remains a board member.
- 8. Sergey Brin: $80.1bn (£60bn)
- Along with Larry Page, Brin was a co-founder of Google. Until December 2019 he was president of Alphabet Inc.
- 9. Steve Ballmer: $77.4bn (£57.9bn)
- The American was the former CEO of Microsoft from 2000 to 2014. He is the current owner of the Los Angeles Clippers NBA franchise.
- 10. Mukesh Ambani: $74.9bn (£56.1bn)
- Indian Ambani has a 42% controlling stake in Reliance Industries, which is the owner of the world’s largest oil refining complex. He is also the owner of property worth more than $400m.
Richest women in the world
Top 10 Richest Women in the World
1. Francoise Bettencourt Meyers & Family: $65.9 billion
2. Alice Walton: $61 billion
3. Mackenzie Bezos: $59.6 billion
4. Julia Koch & Family: $55.8 billion
5. Jacqueline Mars: $41.3 billion
6. Laurene Powell Jobs & Family: $31.6 billion
7. Yang Huiyan & Family: $27.7 billion
8. Gina Rinehart: $20.3 billion
9. Susanne Klatten: $20.2 billion
10. Zhong Huijuan: $20.1 billion