Which country had the most billionaires on Forbes’ 2022 World’s Billionaires list?

The United States had the most billionaires on Forbes’ 2022 World’s Billionaires list.

Forbes counted 735 billionaires in the United States in its 2022 edition, more than any other country. The country’s large technology, finance, consumer, healthcare and industrial sectors produced many fortunes, while its deep capital markets allowed owners to hold valuable stakes in public companies.

China ranked second in that edition, although Forbes’ country totals can vary depending on whether Hong Kong is counted separately and how citizenship or primary residence is classified. This is a common source of confusion when comparing billionaire counts across reports.

Forbes’ annual list is a snapshot based on stock prices and exchange rates on a specific date. It therefore does not represent a permanent count. Market rises, falls, currency movements, new public listings and changes in ownership can all alter both the number of billionaires and their country rankings.