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Countries with the Most Billionaires per Capita

Can you name the countries that have the greatest number of billionaires per capita?
According to Forbes's real-time billionaire list, 16 August 2023
Quiz by Quizmaster
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Last updated: August 16, 2023
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First submittedAugust 14, 2015
Times taken68,591
Average score71.4%
Rating4.84
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# per mil
Richest person
Country
83.4
Stefano Pessina
Monaco
24.9
Christoph Zeller
Liechtenstein
20.8
Myron Wentz
St. Kitts and Nevis
6.34
John Fredriksen
Cyprus
6.15
Li Xiting
Singapore
4.66
Rafaela Aponte-
Diamant
Switzerland
3.55
Rihanna
Barbados
3.48
Stefan Persson
Sweden
3.37
Eyal Ofer
Israel
2.66
Thor Bjorgolfsson
Iceland
2.43
Kenneth Dart
Belize
# per mil
Richest person
Country
2.18
Elon Musk
United States
2.01
Ivar Tollefsen
Norway
1.96
Barry Lam
Taiwan
1.78
Shapoor Mistry
Ireland
1.78
Gina Rinehart
Australia
1.67
David Thomson
Canada
1.49
Anders Holch
Povlsen
Denmark
1.46
Dieter Schwarz
Germany
1.26
Antti Herlin
Finland
1.23
Mark Mateschitz
Austria
91 Comments
+28
Level 73
Aug 16, 2015
Wow. Surprising, educational, challenging -- everything a good quiz should be :)
+28
Level 76
Aug 16, 2015
Well St Kitts has one billionaire and Monaco has three, hence some zany numbers. But I wonder with the oil-rich Middle East states being absent, has some info been concealed from Wikipedia?
+3
Level 71
Sep 21, 2015
Only a handful of people in the Gulf states control the wealth.
+40
Level 81
Sep 21, 2015
Not really true. There are a lot of sheikhs and emirs. Tens of thousands of princes in Saudi Arabia, for instance. Most of them are not billionaires. If the wealth were more concentrated than it is then no doubt Qatar, Saudi, Bahrain, the UAE and Oman would all make the cut. But the money isn't in the hands of individuals so much as families.
+7
Level 76
Sep 21, 2015
Interesting about the money of the oil states being in the hands of families. I was really expecting Qatar, UAE and Bahrain to be well up the list for sure.
+8
Level 83
Oct 28, 2016
Brunei? According to Wikipedia: "The Sultan has been ranked among the wealthiest individuals in the world; Forbes estimated the Sultan's total peak net worth at US$20 billion in 2008." https://en.wikipedia.org/wiki/Hassanal_Bolkiah
+1
Level 81
Sep 2, 2017
That's just one guy, though.
+27
Level 67
Sep 2, 2017
Yah, but one guy in a country of 429,000 people makes a # per mil figure of 2.33.
+7
Level 81
Sep 2, 2017
Good point. In that case I think it's a matter of it just being an estimate. Oftentimes the true wealth of monarchs and oligarchs isn't really known and they might not be factored in to the Wikipedia rankings. For instance some people say Vladimir Putin is actually the wealthiest man in the world, but nobody really knows.
+4
Level 51
Sep 4, 2017
I was wondering about UAE while taking the quiz and expected I'd find the answer from kalbahamut in the comments section. I am not disappointed.
+1
Level 83
Nov 19, 2019
Also often the oil money is in some sort of sovereign fund, which might be in practice controlled by very few people (or just one), but probably doesn't count.
+1
Level 88
Dec 13, 2021
It should also be considered that the Arabian peninsula states have very low percentages of citizens among their populations. Since this quiz revolves around citizenship, I'd assume that most of them would be on here, if only the true information were available.
+11
Level 81
Mar 9, 2020
and the one in St Kitts is really an American trying to avoid paying taxes.
+4
Level 57
Sep 21, 2015
Makes you wonder why US keeps funding Israel - should be the other way round.
+21
Level 81
Sep 21, 2015
Total US foreign aid to Israel 2013 (almost all of which is "military" aid, other assistance is paltry): 2.9 billion USD.

Total Israeli GDP in 2013: 290 billion USD.

An amazing 1%. Yeah, they're totally funding Israel.

+4
Level 16
Sep 2, 2017
About 26 billion dollars is donated in foreign aid. You have underestimated how wealthy the US truly is.
+7
Level 81
Sep 4, 2017
I don't understand what you're saying.
+7
Level 68
Sep 4, 2017
1% is a lot
+14
Level 81
Sep 26, 2017
It is a lot. But it's about 99% less than you need to make the claim that one country funds another something less that silly.
+8
Level 81
Sep 26, 2017
Or let's say 49% just to be generous to the silly people.
+4
Level 63
Jan 6, 2022
I have no issue with us giving aid to Israel. They are one of the true democracies in the middle east and aren't using the money to fund terrorism. Considering that Israel was in 1948, they have made it an oasis in the desert and should be commended.
+3
Level 61
Jan 6, 2022
Mhmmmm
+1
Level 66
Nov 9, 2022
Yeah, just look at the place compared to everywhere around it.
+9
Level 72
Aug 16, 2023
"they have made it an oasis in the desert" tell that to the 2 million Gazans living under a continuous blockade that has gone on for nearly two decades lol
+1
Level 74
Aug 16, 2023
Some people have never lived around conflict and war and it really shows. I mean, good for them for not having to live through that, but it makes their opinions completely useless.
+14
Level 81
Sep 21, 2015
It amuses me how quickly I can rattle off country names in quizzes like this that I don't know the answers to; but in the 1 minute sprint challenge I mishit the keyboard, spell incorrectly, and generally just mess it up
+1
Level 50
Sep 29, 2015
Haha, it is the tension that presses you, probably.
+1
Level 75
Nov 22, 2016
With the latest info from the wiki billionaires page it looks like Denmark (6), Ireland (6) and Liechtenstein (4) will all make the cut with a ratio well above 1.0.
+5
Level 51
Apr 28, 2017
Ah, St Kitts and Nevis. Playground of the rich.
+3
Level 89
Jun 17, 2017
I think Liechtenstein might be wrong. Liechtenstein has a population of 37,000 and 1 Billionaire. So shouldn't the number of billionaires per million people be about 27?
+2
Level 83
Jun 18, 2017
Yeah it looks the decimal point was misplaced at some point. It should 26.4 instead of 2.64
+3
Level ∞
Jun 18, 2017
Fixed. Thanks.
+1
Level 83
Jun 18, 2017
Where exactly is the data from? Wikipedia stages it is from Forbes, but Forbes 400's poorest member has 1.7 million. Wikipedia doesn't currently list St Kitts, while web search suggests Belize and St Lucia also have one each.
+4
Level 83
Jun 18, 2017
Stages >> states
+1
Level 86
Jul 20, 2017
http://www.infinance.lu/actualites/725-ultra-rich-residents-luxembourg says Luxembourg has 17 billionaires, which would put it 3rd on this list.
+2
Level 75
Sep 2, 2017
Even with the same sources, Brunei's monarch is considered to be a billionaire. With a population of 417.000, this would clearly put them on this list (2.39). Any reason the monarch would be excluded?
+10
Level ∞
Sep 2, 2017
Monarchs are generally excluded because its difficult to separate their personal assets from the assets of the state.
+1
Level 57
Sep 2, 2017
Great quiz!
+1
Level 35
Sep 2, 2017
Well this is harder than I thought. Also I typed Germany and it didn't accept it
+2
Level 59
Sep 2, 2017
St. Kitts? Wow. Never saw that one coming.
+1
Level 49
Sep 2, 2017
All of my 4 answers were guesses.Germany,Kuwait,Ireland(where I'm from) and the Usa
+2
Level 69
Sep 3, 2017
There are how many billionaires in Iceland? :O
+9
Level 87
Jul 12, 2018
Just one, but the population of Iceland is less than the population of Honolulu.
+2
Level 33
Sep 4, 2017
I thought Japan and South Korea or oil countries would be here
+1
Level 83
Aug 17, 2023
I'm guessing their large populations made that difficult
+3
Level 71
Sep 5, 2017
Let me guess . . .

St. Kitts and Nevis has ONE Billionaire, right ?

+1
Level 61
Oct 4, 2023
+2
Level 66
Sep 5, 2017
This quiz became much easier once I realized you're looking for countries, not cities!
+2
Level 67
Oct 20, 2017
I missed the 'I's. Ireland and Iceland. Also, who's the guy in the picture? The Great Gatsby?
+2
Level 76
Nov 6, 2018
Whoever he is, he's well prior to 2017
+3
Level 63
Nov 20, 2019
The picture is just called "White tie and bowler hat (1896)".
+1
Level 34
Mar 24, 2019
St Kitts and Nevis- the richest person has about $11 Mil.
+6
Level 83
Nov 19, 2019
It goes by current citizenship, not origin or residence. Like a Lebanese is now Monegasque, a Norwegian is Cypriot and a North Dakotan renounced US citizenship and got one from St Kitts, not residing there however.
+1
Level 66
Nov 19, 2019
I believe Jeff Bezos is no longer the richest person in the U.S. I think Bill Gates has claimed that title again
+1
Level 83
Nov 19, 2019
Not according to the named source, Forbes. https://www.forbes.com/forbes-400/#e7da247e2ffb
+2
Level ∞
Nov 19, 2019
It goes back and forth ever since Bezos had to give a huge chunk of his fortune to his ex-wife.
+1
Level 63
Nov 20, 2019
And she is now the third richest woman in the world.
+1
Level 65
Nov 20, 2019
Luxembourg??
+1
Level 65
Nov 20, 2019
According to Google Myron Wentz lives on Grand Cayman, (UK).
+2
Level ∞
Nov 20, 2019
This goes by citizenship not primary residence and is based on the listed source.
+3
Level 85
Mar 9, 2020
I'm moving to Helsinki next week, so you'll need to move Finland up a notch. :-P
+1
Level 90
Nov 23, 2021
Good to know, and since you're not visiting your sister in Seattle anymore, we'll bump Washington down on the US states list. ;)
+1
Level 72
Mar 9, 2020
Wow. I have all my heritage from Cyprus and didn't know that they were so rich.
+1
Level 72
Mar 9, 2020
They aren't. Not even as rich as Spain..
+5
Level 67
Mar 9, 2020
They're not. It's a Norwegian bloke who is avoiding taxes.
+1
Level 68
Mar 9, 2020
Got all of them except for switzerland first try. Felt pretty stupid to forget it
+1
Level 59
Mar 10, 2020
This quiz is the most surprising for me yet. St Kitts and Cyprus make me really shock (• ▽ •;)
+4
Level 26
Mar 10, 2020
The guy from Cyprus is a Norwegian guy that doesn't want to pay taxes so he changed his citizenship.
+3
Level 81
Apr 15, 2020
and the guy in St Kitts is an American who did the same thing.
+1
Level 28
Jun 27, 2020
beautiful and moral
+1
Level 43
Jan 15, 2021
Now for the US you can update it, the richest is now Elon Musk
+8
Level 87
Nov 18, 2021
The richest person in Monaco is the United States?
+2
Level 87
Nov 18, 2021
Also the link to the Forbes source is broken
+1
Level 85
Nov 18, 2021
Struck me as strange also!
+2
Level 83
Nov 18, 2021
Never heard of the guy! :-)
+2
Level 58
Nov 18, 2021
Wow! What a special name
+2
Level 82
Nov 18, 2021
I would really love to know what this means.
+3
Level ∞
Nov 18, 2021
All fixed.
+1
Level 80
Nov 19, 2021
Surprised they aren't any Gulf states on here.
+2
Level 70
Nov 26, 2021
Ireland makes this list thanks to Mr. Mistry who lives in India and is in his nineties ...... facts are funny.
+1
Level 49
Jan 6, 2022
Got all but cyprus
+1
Level 72
Jan 7, 2022
Isnt Gina Rhinehart Australia's richest person?
+2
Level 49
Jan 7, 2022
isnt elon musk south african
+3
Level 81
Jan 7, 2022
He was born in South Africa. But he lives in America and is now American. Also Canadian. He's got triple citizenship. However I think the important detail here is that his permanent residence is in the United States.
+2
Level 76
Aug 16, 2023
And on top of that, Elon Musk is only 1 person
+1
Level 70
Jan 9, 2022
Just missed Ireland, don't know how I got St. Kitts and Nevis but I'm glad I tried it
+2
Level 55
Jan 23, 2023
*finally a quiz without China!
+2
Level 54
Jun 20, 2023
might want to update austria - dietrich mateschitz died in october 2022.
+1
Level 70
Aug 16, 2023
This time I missed St. Kitts and Nevis and Belize
+2
Level 69
Oct 3, 2023
Not only is it little surprising to see many foreign names on this list, aka people that just move there to keep their money tax-free but I'm also ashamed to see my own country here.
+2
Level 75
Feb 25, 2024
I wonder what percentage Barbados would be at without the names included. I got most of the others but I never would’ve guessed it otherwise - plus the disparity between the % guessed and St Kitts is so high I feel like that has to be a huge factor.