Where does a billionaire like to call home? For many, it’s probably a nondescript multimillion villa with sleek marble counters and hidden appliances they never use. But where that mansion is located depends on the billionaire. In its latest Billionaire Census, data intelligence company Altrata looked at Wealth-X’s database of ultrawealthy individuals to examine the state of the world’s billionaire class today. Its research found that three-quarters of the cohort are concentrated across 15 countries.
Yet 11 of these countries are losing their billionaires. It’s likely that some are on the move to another country, while others are falling out of the 10-figure club altogether. The billionaire population has declined overall by 3.5%, the report found, losing a cumulative $11.1 trillion in wealth—a 5.5% drop. That comes after billionaires experienced a surge in wealth during the first couple years of the pandemic.
