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Billionaire Census2025 Brian AlsterChief Executive Officer Glenn BrianChief Revenue Officer Manuel BianchiGlobal Head of Sales Olivia LoganVice President, Marketing and Corporate Development Amanda CifoneVice President, Marketing Lead authors Maya ImbergSenior Director, Head of Thought Leadership and Analytics Maeen ShabanDirector of Research and Analytics Bettina LengyelAssociate Analyst, Thought Leadership and Analytics Design Dawn LastreGraphic Designer Gaetano MedullaJunior Graphic Designer Contents 01Executive summary 02Introduction 03The billionaire classGood times for the super richAn outsized share of global wealthThe ‘just’ billionaire 04Regional, country and city performanceRegional differencesTop billionaire countriesTop billionaire cities 05Methodology 06About Altrata Executive summary The global billionaire population grewby 5.6% in 2024 to reach a new high of3,508 individuals.This was the strongestexpansion since 2020, with wealth holdingsbolstered by another year of robust equityreturns. The total net worth of the billionaireclass surged by 10.3% to a record $13.4tn.This implied a third consecutive year of The top 15 countries are home to just overthree-quarters of the global billionairepopulation.The US is the dominantcountry and home to a third of the world’sbillionaire class – its population of 1,135billionaires in 2024 rose by 8%. Its leadingcity, New York (ahead of second-rankedHong Kong), has more billionaires than The 26 super billionaires account fora combined 21% of total billionairewealth, up from 4% a decade ago.Mostbillionaires reside within the ‘lower’ wealthtiers – over half of the world’s 3,508richest individuals have a net worth ofbetween $1bn and $2bn. A further thirdof billionaires each have a net worth of$2bn to $5bn. Bracketed together, this North America reinforced its status asthe world’s leading billionaire region.Thenumber of billionaires rose by 7.8% from ayear earlier to 1,198 individuals, lifting NorthAmerica’s global share to 34%. The numberof billionaires in Europe passed the 1,000threshold for the first time – above-averagepopulation growth of 6.1% consolidated On average, in each of the past three years,around a 10th of the individuals who wereworth between $1bn and $2bn the previousyear fell out of the billionaire club.Thisshare declines among those with largerfortunes. Billionaires with at least $4.2bnhave a 99% likelihood of maintaining theirmembership of the billionaire club thefollowing year. Those with a net worth of Those in the billionaire class of 2015 whosewealth was primarily tied to technology orthe hospitality and entertainment sectorhave enjoyed by far the strongest gains in networth over the past decade.Tech billionairesincreased their wealth by almost 200% overthe 10-year period to 2025, followed by those Introduction Altrata’s latestBillionaire Census– the 12th edition – offers a comprehensive overview and analysisof the world’s billionaire population. Modest in size, but wielding an increasingly disproportionateinfluence across global markets and society, the billionaire class holds an immense level of wealth. This report explores in detail the distribution of billionaire wealth, placing in context the recent surgein the fortunes of an elite group of the world’s richest individuals. In what was another turbulentperiod for the global economy, shaped by complex geopolitics, trade restrictions, regional conflicts,and continuing enthusiastic investment in artificial intelligence (AI), we analyze the impact of thesedevelopments across the billionaire population and the changes in cumulative net worth. We highlight Altrata’s comprehensive database provides unrivaled insight into the status of the world’s wealthiestindividuals and their characteristics, making it an essential read for any provider looking to prospect Key definitions Ultra high net worth (UHNW) individualsThose with a net worth of $30m+ (also referred to as the ‘ultra wealthy’). Very high net worth (VHNW) individualsThose with a net worth of $5m to $30m. The billionaire class Good times for the super rich The global billionaire population grew by 5.6% in 2024 to reach a new high of 3,508 individuals. Thiswas the strongest expansion since 2020, with wealth holdings of the billionaire class bolstered byanother year of robust equity returns. Total net worth of the billionaire class surged by 10.3% to arecord $13.4tn. This implied a third consecutive year of rising average billionaire wealth, although the Market conditions remained volatile throughout 2024 against a backdrop of tense geopolitics,sluggish economic growth, widening trade restrictions, and ongoing conflicts in Europe and theMiddle East. However, sentiment in most major wealth centers turned more positive as the yearprogressed, buoyed by a gradual reduction in global interest rates and inflation, rising corporateearnings, stabilizing real-estate markets, a rally in digital assets, and still