In 2020 there are more billionaires in Asia (799) than in North & South America (734) combined

[Anonymous]

The visualization is derived from Forbes data.

Billionaires:
Asia: 799
North and South America combined: 734
Europe including all of Russia: 510
Oceania:33
Africa: 19

https://howmuch.net/articles/world-map-of-billionaires-2020

[Anonymous]

For some of us of a certain age, this is inconceivable.

[Anonymous]

As of 2019, North America and Europe both had more wealth than Asia. The gap is closing quickly though.

https://www.visualcapitalist.com/all-of-the-worlds-wealth-in-one-visualization/

[Anonymous]

Anonymous wrote:As of 2019, North America and Europe both had more wealth than Asia. The gap is closing quickly though.

https://www.visualcapitalist.com/all-of-the-worlds-wealth-in-one-visualization/

Actually the Asia-Pacific region including China has more wealth ($128 trillion) than North America ($115 trillion) according to this source - the Credit Suisse GlobalWealth Report 2019. The US is still on top with $106 trillion.

[Anonymous]

They have more people too

[Anonymous]

And as a result more wealth inequality. But having more people means that Asia is likely to widen the gap in the next few decades as birth rates in the west collapse.

[Anonymous]

North America has about 600 million people. Asia has 4.65 billion people. But most global economic growth is happening in Asia. So is wealth, labor and productivity growth.

[Anonymous]

Asia has a ton more people. Wealth per capita is what matters more.

[Anonymous]

that's why I put about 10% of my portfolio into chinese stocks

[Anonymous]

Anonymous wrote:Asia has a ton more people. Wealth per capita is what matters more.

Actually growth rate is what matters most.

[Anonymous]

Who cares? None of us here will ever be billionaires. None. Zip. Zero. Zilch.

[Anonymous]

We need more socialism is the message there!

[Anonymous]

Anonymous wrote:that's why I put about 10% of my portfolio into chinese stocks

Emerging market funds and international funds exUS seem to be packed with Chinese stocks. In spite of the lack of transparency it seems like an allocation is inevitable. Mine is probably more than 10%.

[Anonymous]

Apparently someone didn’t read Crazy Rich Asians.

[Anonymous]

There are way more than 734 billionaires in the US alone. Most fly way under the radar.