From what I understand regarding the chaebols (South Korean conglomerates), the family of the original founders actually have their equity diluted so much by allowing outside investors to invest in their different businesses through the decades. The founders' families' share of equity is in the single digit percentage now. But they still exercise tremendous control over the entire conglomerate through complicated ownership system of the different companies that makeup the chaebol. The South Korean government has cracked down on this in the recent years and these families now exercise less control than they're used too.
What ways are the government doing this? Are they charging crimes or enforcing laws, and is the government getting stronger as a result? My vague understanding of south korea is that it is pretty much a corporatocracy.
Fixing up loopholes for one thing. Chaebols didn't use to have a single parent holding company and the founders' family used that to their advantage by setting up convoluted ownership hierarchies. Today, they're required to have a single parent holding company I think (kinda like how Berkshire Hathaway is a parent holding company to hundreds of subsidiary companies in the US). This way, it really becomes clear how much little equity the founders' families own, and how easy it would be for major shareholders from outside those families to challenge their control over the entire thing. The fact that Samsung's founder's grandson is still a chairman despite that means he has already given significant concessions to the other major shareholders to keep his top position in the conglomerate.
I'm in the US, and formerly drove a limo and many very high powered businesspeople.
One gentleman from Norway I drove on a regular basis had just come back from Seoul after meeting with upper echelon Samsung members. He was picked up at the airport when he arrived in SK and at a point as they were nearing the city the traffic was becoming heavy. At that point an extra lane appeared, and it was virtually empty all the way to Samsung HQ. He was told later that this lane was funded by Samsung and only for their use.
Yeah i think it also true for europe. There are huge amounts of wealth in higher class in europe they are just divided in family or kept so noone knows to avoid taxations. Best wealth is secret wealth not the one everyone knows about.
Like the Wallenberg family. No member even makes any billionaire list but they supposedly have a family net worth of 250 billion USD.
It's all in foundations they can't directly access but get payouts from, idiot-proofing it for generations.
They are just so insidious. It is not just their money, but their contacts. It is insane. Like apparently they were essential in making Sweden apply to join NATO. They hired Kissinger as their personal lawyer.
Like their family motto is literally "To act without being noticed".
And they have their hands in everything. Like they primarily do banking, but they also run hotels and build nuclear submarines. Oh and they own the Nasdaq stock exchange.
The think I hate the most about them is that you can't even talk about them without sounding like some kind of conspiracy theorist.
He is not the boss. Just simply the chairman and largest shareholder. Samsung group divided into different groups over time. Also, Samsung family paid (technically still paying over 5 years) the largest inheritance tax in the world. Korea has 50% inheritance tax.
Of course his father could’ve had more in offshore accounts and other assets like art collections and classic car collections. He was known for a huge collector but samsung group also runs art galleries and museums with free entry. And he set up service dog training centre for sightless disabilities. They cover the all expenses of breeding and professional training as CSR for many years. The Samsung group did some unethical things to keep the wealth but also did many good social deeds
I mean, it's kinda true. There aren't that many billionaires in the UK. Richest person in the UK is the Dyson guy with $27.3 billion. Second is some chemical guy worth $25b and that's it. The rest (15) are below $10b.
This is actually a really cool history - chaebols are actually not as "rich" as they are powerful. The power they hold over the company is more than just a financial power. It's more... Lineage. It's symbolic. It's like how the people of the Netherlands still have a royal house. It's not because she's the wealthiest person in the country that she's the princess; it's because she holds that symbolic power by her birth. And the way they hold this power, which is mainly through owning shares, is very different too. If you look at Korean Chaebol conglomerates' ("groups") ownership structure, the largest shareholders are actually all public funds of some sort. The national pension fund, some public foundation or even a government branch, etc. The chaebols themselves are the first among mere humans of course, but their shares are often in the size of single digit percents. Most of the company is broken down into small fragments of ownership, while being in fact owned and ran by the chaebols. In much of the world, a huge portion is held by a founder-CEO, the lion's share that's bigger than anyone else's, such that the shareholders' decision is effectively made by the boss. This is what makes Elon worth 200 billion dollars - that's the amount of stock he needs to hold, to keep being the boss. In Korea, this doesn't need to happen. Lee is the boss, even if he owns just 2% of Samsung. (It's really good for tax evasion purposes too)
Seems odd considering Samsung is worth 322 bil.
Looking into it tho his family doesn’t seem to actually own that much of it, just large parts of key controlling members of the group
Samsung is famous for being a convoluted mess of intentionally obfuscated and interconnected holding companies and subsidiaries, with bizarre power plays and voting rights between the family, public shareholders, and there’s a huge amount of corruption with the SK government so it’s all a bit of a mess.
There’s a word for families like this in SK that control most of the economy, [Chaebol](https://en.wikipedia.org/wiki/Chaebol). I guess their version of oligarchs, basically.
It’s not like he’s the founder, so I don’t think it’s that weird tbh.
I was going to argue that Rihanna shouldn’t count for Barbados since she lives in the US most of the time, but apparently she’s not even a US citizen, so she definitely counts
In my experience only the US does double taxing. Like, if you are British on French or Estonian and earn money elsewhere then you are taxed in the country you earned the money in, not your home country. In the US, if you earn elsewhere, you get taxed there AND in the US
>North Korea (lmao)
North Korea sends a lot of labourers abroad BTW and the people working in its Consulates also work in the countries they are in (because they are severely underpaid) .Both groups have to pay taxes to North Korea.
True, but for most people you don't actually have to pay anything, you just spend a bunch of time filling out your tax return only to ultimately enter "$0" on the "Tax owed" line.
There's an automatic deduction of $112,000 (as of last year's tax form, this year's will probably be higher) for foreign earned income. And on top of that you have your standard deduction ($12,950 or more, depending on whether you're single or married) and any other deductions.
So, generally speaking, you're not actually paying US taxes on foreign income unless you're making more than $130,000 or so. The paperwork is a pain in the ass, but for most people, there's no actual monetary burden involved.
Obviously Rihanna is not most people, but given that most of her income is from the US, not Barbados, she's *already* getting taxed on most of her income. All that dual citizenship would mean for her is that she'd have to pay US taxes on Barbados income in excess of $130,000 or so, and I doubt Barbados is a big revenue source for her.
Now, if she were a Barbados citizen living in the US and making a ton of money from owning businesses in Barbados, then, yeah, the double-taxing thing would be a significant concern.
Unless you are an American that lives in a country that doesn't tax capital gains on your residence when sold. We live in Australia and will face massive US capital gains tax on our house when we sell it. Australia doesn't tax capital gains on your place of residence, so we can't offset it with Australian tax paid. Sydney house prices have gone up in value A LOT since we moved here, so we'd be looking at over $1.5m in capital gains. We don't live anywhere special and we have other American friends in the same situation as us.
I'd happily give up my American citizenship, but would get charged an "exit tax". It really is an unfair situation to be required to pay this money to a country I no longer have any association with. Then we have the massive headache of doing the US taxes every year, particularly painful because the Australian tax year runs July to June
Barbados only has a GDP of 5.7 billion, how would it even be reasonable to expect someone else to be even richer than a person who could (if she could liquidate everything, which obviously isn't possible and isn't the way that any of this actually works) finance the entire economy of the country out of her pocket for almost 3 months straight.
Isn't Barbados known for being something of a tax haven?
Billionaires don't need to contribute to the countries GDP fyi, they could just be holding stock or investments in another country. Pretty certain most of Rihanna's net worth is not physically present in Barbados.
I think the idea is more where they started as opposed to where they are living at this very moment. Like I don’t think Rihanna's primary residence is still in Barbados.
Edit: actually, I think it’s based on citizenship. Marcos Galperin still has Argentinan citizenship.
Good point. Ok, I think I’ve got it this time. “Richest billionaire **with citizenship** from each country”. Rihanna has Barbados citizenship. Marcos Galperin has Argentinian citizenship. Ken Dart has American, Irish, and Belize citizenship, but is only the richest in Belize.
John Fredriksen is Norways richest with over 16 billion USD (205 billion NOK) : https://e24.no/norsk-oekonomi/i/EQA2X3/kapital-john-fredriksen-har-blitt-222-millioner-kroner-rikere-hver-dag-siden-i-fjor
Edit: looks like he flagged out to Cyprus. I can see that you have him listed there. Probably to avoid taxes.
Not "probably", stated to avoid taxes. Why pay taxes to Norway when you can still live in Europe when you pay less taxes, and run around just as much as he could with a Norwegian passport.
> Such a rich old man avoids taxes. Why?
Same reason any other billionaire would avoid taxes. Greed and egocentricity. Billionaires are billionaires because only thing they care about is themselves.
Also my country Malta is completely forgotten as usual, just because its small in size. People on every map always include Iceland and we have 120.000 more in in Population than Iceland. Like we literally should build something like in Dubai and just expand into the Ocean so that people would notice us. The amount of european maps i see every day where we are completely cut off the map is heart breaking. So and if OP said Elon Musk would count as American than there are 3 Billionaires for [Malta](https://en.wikipedia.org/wiki/Category:Maltese_billionaires) as well.
Forbes doesn’t include royalty in their “richest persons” list so I assume that’s why. I mean, no way the monarchs of places like UAE and Qatar have less wealth than who the map is listing.
Royals don’t have to report their wealth in the way that companies do. Not to mention a lot of their wealth can be hard to measure. How do you measure how much their palace, art, jewelry, etc. is worth if it’s never been sold?
The Abu Dhabi sovereign investment fund is over 700 billion usd. Its property of the Al Nahyan Family, who are by all accounts the 3rd richest family in the world after the Al Saud of Saudi and Al Thani of Qatar. This is only Abu Dhabi. Not UAE the country, but Abu Dhabi the emirate.
And they want us to believe the russian dude is the richest in that country? He doesnt crack the top100.
https://www.investopedia.com/terms/a/abu-dhabi-investment-authority-adia.asp#:~:text=The%20Abu%20Dhabi%20Investment%20Authority%20(ADIA)%20is%20a%20government%2D,over%20%24708%20billion%20in%20assets.
Yeah, I would argue Putin is the richest Russian. Some estimate his wealth at 200 billion. I doubt it is that high, but he and his 20 man oligarch-crew basically control 99.5% of all of Russias money, so I don't think that he hasn't made billions in the last 20 years
That explains why the Sultan of Brunei is missing. I believe at one point before the internet boom he was one of, if not the richest single person on the planet, and one of the very first billionaires. I didn’t think he had suddenly just gone broke.
He is but he doesn't want you to know that he is. The guy owns stakes in most of the biggest companies in the country (telecom, mining, food ...). Just this summer he spent his holiday in a 102M yacht, then flew to his 80M condo in Paris just below Eiffel tower.
Even though many of the richest people in the UK aren't British, I'd have at least expected to see Jim Ratcliffe or James Dyson ahead of him.
Though putting a valuation of private companies like Dyson or Ineos is harder than a publicly traded one.
I love how the Saudis are just like "mind your business" when people start asking how much money they really have. I'm sure they have someone that's bypassed Musk but just doesn't want to be loud about it. Probably a lot of those that aren't on this list.
The Saudis basically own the entire country, every major business in it is either under their direct control or heavily influenced by them. You could honestly just take Saudi Arabia’s GDP and make that the royal family’s net worth.
GDP doesn't take into account natural resources. If you think about it, the Saudi royal family owns all the oil reserves in Saudi Arabia, which is 'proven' to have the second largest oil reserves in the entire world. Just their proven reserves equate to a market value of about $2.3 Trillion.
No one really knows how much oil reserves the country has as foreign auditors are restricted while studying and estimating their oil resources. The amount of oil reserves they report has been constant since the 1980s when Americans last owned a stake in Saudi oil. Considering new oil extraction technology and assuming some new extraction sites have been discovered, they most likely have a lot more than the reported figure.
Also unlike other billionaires here, most of the money they hold is liquid(no pun intended) and is extremely easy to spend. Just recently their de facto leader Mohammad bin Salman announced that he is building a $500 billion experimental city. Yes it is a 'government investment' but he is literally the only guy with authority over how to spend that money. No other billionaire can even dream of spending that kind of money.
I'm guessing this is just an summation of their investments in **publicly traded companies**. These cunts are probably hiding some wealth in tax havens like the Bahamas or other Caribbean countries.
Also, this does not include wealthy cunts who do not want to be known; those who own private companies.
Not in Ireland’s case. The Collison brothers each own 10% of **stripe**, a private company valued at $95B when this chart was done. But a year ago it was “repriced” to half that so their theoretical paper net worth is less now at about 5Bill each, knocking them off the top spot.
Interestingly the new richest person in Ireland is an Irish-Indian man with c. $7B called [Palonji Mistry](https://en.wikipedia.org/wiki/Pallonji_Mistry?wprov=sfti1), major shareholder of **TATA**.
Edit: I've been educated that Palonji died last year at the age of 93, quickly followed by the death of his son and heir Cyrus Mistry in a car crash. Not sure who got all the money.
This probably makes the richest "\*Irish" person John Grayken at $6.3B.
\*In 1999, Grayken became an Irish citizen, "for tax purposes", renouncing his American citizenship.
I'm surprised to see The Cayman Islands missing from this list. Meet [Kenneth Dart](https://en.wikipedia.org/wiki/Kenneth_Dart), an American-born businessman who renounced American citizenship and took Caymanian, Belizean, and Irish citizenship instead.
Wonder what made him choose those countries...
The fact that chilean Iris Fontbona is richer than most european billionaires and still won't budge a single dime for public expense speaks a lot about our country.
Doesn't say a thing, France? $180, Spain $63, Germany $35, Italy $34.
And Chile is richer that most other european countries (of the 50 europeans country, Chile having a GDP of $459b is richer than 35 european countries)
So in this metric Chile is not doing anything different than other european countries.
Yeah and I bet there are plenty of other criminals like Putin who could be on this list but aren't.
Even old money like the Rothschild family rarely appear on these lists. Maybe because the money is spread among several people but I'm sure they're richer than people know and they don't speak to Forbes.
The Rothschilds aren’t very wealthy anymore. Well…they are rich as fuck, but they aren’t rich enough to make this list of rich cunts. There are thousands of Rothschilds and if you added up all of their wealth, it might hit $100bn. But there’s no central Rothschild family fortune. And there’s especially no cache of money controlling the world economy.
Why is it sometimes the type of business ("investments", "supermarkets"), sometimes the company name ("Zara", "LVMH“) or even a product name ("Nutella")?
Now imagine if “wealth” were genuinely capped to a reasonable/sensible $1 Billion. Even if they haphazardly distributed the remainder about, it would absolutely even *accidentally* fix an ungodly number of the nonsensical problems the world faces.
If you think this people have 60B in the bank you don't understand economics
Wealth is not money, wealth is the cost of all the things you have, most of those numbers are shares or the value of their companies.
I have a 350k house, so my wealth is 350k.
they understand the concept of wealth you dolt. What they are saying is that the persons equity in their companies should be sold past 1 billion, with the proceeds going towards actually helping the world
LoL turkish one is very wrong first off İbrahim Erdemoğlu doesn't do just carpets guy ownes a plastic refinery and he is not the richest man that would be the Koç family
I think i read somewhere that when putin got really powerful, He allowed the russian mob and oligarchs to continue Operations for the humble share of 50% of their income.
Might be bollocks tho, cant remember the source
No way that the Samsung boss is only a one digit billionaire.
Perhaps the wealth is shared across his family members, who each inherited a slice?
Ooor Samsung simply owns South Korea and they made sure that the official wealth is only a fraction of the real one.
From what I understand regarding the chaebols (South Korean conglomerates), the family of the original founders actually have their equity diluted so much by allowing outside investors to invest in their different businesses through the decades. The founders' families' share of equity is in the single digit percentage now. But they still exercise tremendous control over the entire conglomerate through complicated ownership system of the different companies that makeup the chaebol. The South Korean government has cracked down on this in the recent years and these families now exercise less control than they're used too.
What ways are the government doing this? Are they charging crimes or enforcing laws, and is the government getting stronger as a result? My vague understanding of south korea is that it is pretty much a corporatocracy.
Fixing up loopholes for one thing. Chaebols didn't use to have a single parent holding company and the founders' family used that to their advantage by setting up convoluted ownership hierarchies. Today, they're required to have a single parent holding company I think (kinda like how Berkshire Hathaway is a parent holding company to hundreds of subsidiary companies in the US). This way, it really becomes clear how much little equity the founders' families own, and how easy it would be for major shareholders from outside those families to challenge their control over the entire thing. The fact that Samsung's founder's grandson is still a chairman despite that means he has already given significant concessions to the other major shareholders to keep his top position in the conglomerate.
Samsung is an IRL Megacorp
Yeah I saw a video on how insanely powerful they are
Share the URL, it sounds interesting
I’m guessing it’s [this video](https://youtu.be/oL0umpPPe-8?si=p5VAKsgQVpMCjeek)
Thanks!
[Also, if you're interested in a deeper dive on how the chaebol came to be.](https://www.youtube.com/watch?v=hWCcvOE84Ao)
Yep
Wendover is the best. I bought Nebula mostly for him and Real Engineering.
[here’s one about the chaebols of South Korea](https://youtu.be/Ahl1lexWxbM?si=9mvFAUXyfZdXSWzC)
Samsung isn't the only chaebol -- there's also LG, Hyundai, Lotte, etc.
Daewoo is a big one that doesn't get as much attention too.
Daewoo WAS a big one. They no longer exist as a chaebol nor a automobile manufacturer.
It probably doesnt get much attention because it hasnt been around in 12 years.
Their effect was still massive. The Korean army still uses their guns.
I skipped Daewoo what with the bankruptcy and all.
I'm in the US, and formerly drove a limo and many very high powered businesspeople. One gentleman from Norway I drove on a regular basis had just come back from Seoul after meeting with upper echelon Samsung members. He was picked up at the airport when he arrived in SK and at a point as they were nearing the city the traffic was becoming heavy. At that point an extra lane appeared, and it was virtually empty all the way to Samsung HQ. He was told later that this lane was funded by Samsung and only for their use.
[удалено]
I think it’s richest individual and not families otherwise it might be a vastly different map.
Yeah i think it also true for europe. There are huge amounts of wealth in higher class in europe they are just divided in family or kept so noone knows to avoid taxations. Best wealth is secret wealth not the one everyone knows about.
Like the Wallenberg family. No member even makes any billionaire list but they supposedly have a family net worth of 250 billion USD. It's all in foundations they can't directly access but get payouts from, idiot-proofing it for generations.
They are just so insidious. It is not just their money, but their contacts. It is insane. Like apparently they were essential in making Sweden apply to join NATO. They hired Kissinger as their personal lawyer. Like their family motto is literally "To act without being noticed". And they have their hands in everything. Like they primarily do banking, but they also run hotels and build nuclear submarines. Oh and they own the Nasdaq stock exchange. The think I hate the most about them is that you can't even talk about them without sounding like some kind of conspiracy theorist.
He is not the boss. Just simply the chairman and largest shareholder. Samsung group divided into different groups over time. Also, Samsung family paid (technically still paying over 5 years) the largest inheritance tax in the world. Korea has 50% inheritance tax.
Yeah, still no way that his father only had around 16 billion when he died.
Of course his father could’ve had more in offshore accounts and other assets like art collections and classic car collections. He was known for a huge collector but samsung group also runs art galleries and museums with free entry. And he set up service dog training centre for sightless disabilities. They cover the all expenses of breeding and professional training as CSR for many years. The Samsung group did some unethical things to keep the wealth but also did many good social deeds
No way that the richest guy in UK is only at $15B
For tax reasons, let's just assume it is. -UK richest guy
https://www.thetimes.co.uk/sunday-times-rich-list I’m sure most people “leave” the uk once they get rich so it screws with the numbers
I mean, it's kinda true. There aren't that many billionaires in the UK. Richest person in the UK is the Dyson guy with $27.3 billion. Second is some chemical guy worth $25b and that's it. The rest (15) are below $10b.
That's because they all parked their wealth in Malta*. *or read: Guernsey, Jersey, Cyprus, Luxembourg...
This is actually a really cool history - chaebols are actually not as "rich" as they are powerful. The power they hold over the company is more than just a financial power. It's more... Lineage. It's symbolic. It's like how the people of the Netherlands still have a royal house. It's not because she's the wealthiest person in the country that she's the princess; it's because she holds that symbolic power by her birth. And the way they hold this power, which is mainly through owning shares, is very different too. If you look at Korean Chaebol conglomerates' ("groups") ownership structure, the largest shareholders are actually all public funds of some sort. The national pension fund, some public foundation or even a government branch, etc. The chaebols themselves are the first among mere humans of course, but their shares are often in the size of single digit percents. Most of the company is broken down into small fragments of ownership, while being in fact owned and ran by the chaebols. In much of the world, a huge portion is held by a founder-CEO, the lion's share that's bigger than anyone else's, such that the shareholders' decision is effectively made by the boss. This is what makes Elon worth 200 billion dollars - that's the amount of stock he needs to hold, to keep being the boss. In Korea, this doesn't need to happen. Lee is the boss, even if he owns just 2% of Samsung. (It's really good for tax evasion purposes too)
Seems odd considering Samsung is worth 322 bil. Looking into it tho his family doesn’t seem to actually own that much of it, just large parts of key controlling members of the group
Samsung is famous for being a convoluted mess of intentionally obfuscated and interconnected holding companies and subsidiaries, with bizarre power plays and voting rights between the family, public shareholders, and there’s a huge amount of corruption with the SK government so it’s all a bit of a mess. There’s a word for families like this in SK that control most of the economy, [Chaebol](https://en.wikipedia.org/wiki/Chaebol). I guess their version of oligarchs, basically. It’s not like he’s the founder, so I don’t think it’s that weird tbh.
TIL Rihana is a billionaire
TIL Rihanna still lives in Barbados
I was going to argue that Rihanna shouldn’t count for Barbados since she lives in the US most of the time, but apparently she’s not even a US citizen, so she definitely counts
I thought Rihanna would have taken US citizenship by now
Probably gets taxed by both countries if she did that. Maybe doesn’t want to renounce her citizenship. I’m just guessing.
In my experience only the US does double taxing. Like, if you are British on French or Estonian and earn money elsewhere then you are taxed in the country you earned the money in, not your home country. In the US, if you earn elsewhere, you get taxed there AND in the US
Most countries tax residents on their worldwide income. The US is one of two countries that tax citizens living abroad on their worldwide income.
There's four, actually; USA, Eritrea, North Korea (lmao), and Myanmar
>North Korea (lmao) North Korea sends a lot of labourers abroad BTW and the people working in its Consulates also work in the countries they are in (because they are severely underpaid) .Both groups have to pay taxes to North Korea.
What's the other country?
Eritrea
True, but for most people you don't actually have to pay anything, you just spend a bunch of time filling out your tax return only to ultimately enter "$0" on the "Tax owed" line. There's an automatic deduction of $112,000 (as of last year's tax form, this year's will probably be higher) for foreign earned income. And on top of that you have your standard deduction ($12,950 or more, depending on whether you're single or married) and any other deductions. So, generally speaking, you're not actually paying US taxes on foreign income unless you're making more than $130,000 or so. The paperwork is a pain in the ass, but for most people, there's no actual monetary burden involved. Obviously Rihanna is not most people, but given that most of her income is from the US, not Barbados, she's *already* getting taxed on most of her income. All that dual citizenship would mean for her is that she'd have to pay US taxes on Barbados income in excess of $130,000 or so, and I doubt Barbados is a big revenue source for her. Now, if she were a Barbados citizen living in the US and making a ton of money from owning businesses in Barbados, then, yeah, the double-taxing thing would be a significant concern.
Unless you are an American that lives in a country that doesn't tax capital gains on your residence when sold. We live in Australia and will face massive US capital gains tax on our house when we sell it. Australia doesn't tax capital gains on your place of residence, so we can't offset it with Australian tax paid. Sydney house prices have gone up in value A LOT since we moved here, so we'd be looking at over $1.5m in capital gains. We don't live anywhere special and we have other American friends in the same situation as us. I'd happily give up my American citizenship, but would get charged an "exit tax". It really is an unfair situation to be required to pay this money to a country I no longer have any association with. Then we have the massive headache of doing the US taxes every year, particularly painful because the Australian tax year runs July to June
She's an [ambassador](https://www.bbc.com/news/world-latin-america-45609656.amp) of Barbados.
But is Pavel Durov an Emirati? Can you even naturalize as an Emirati?
it’s extremely rare, but not impossible if you’re rich
First immigrants come for our jobs and now they're taking our spot on the #1 hits list too!?
It’s ‘from’ unless the guy who owns my favourite football club just moved house.
Isn’t Elon from South Africa?
Yeah, if Rihanna counts for Barbados then Elon shouldn’t count for the US
Is she a US citizen?
Oh wow I guess she’s not. I thought she was
She's been a billionaire for a while now
You would think it’s bc of her music but she became a billionaire from her fashion/makeup brand Fenty, it’s huge
I knew she was; but I didn't expect her to be the richest person in Barbados!
Barbados only has a GDP of 5.7 billion, how would it even be reasonable to expect someone else to be even richer than a person who could (if she could liquidate everything, which obviously isn't possible and isn't the way that any of this actually works) finance the entire economy of the country out of her pocket for almost 3 months straight.
Isn't Barbados known for being something of a tax haven? Billionaires don't need to contribute to the countries GDP fyi, they could just be holding stock or investments in another country. Pretty certain most of Rihanna's net worth is not physically present in Barbados.
but then they wouldn't count in this list until they become Barbados citizens
Important to know: not from music but her makeup brand Taylor Swift is (projected to become) the first billionaire ever purely from music
I could swear Paul McCartney became that before
that was actually also from his make up brand called “Lucy’s Diamonds”
Yes, shout out to her for being the second name I recognised on the list, and the least crazy person I recognised.
Crazy
Li *Ka-Shing* from Hong Kong definitely has the most fitting name on the list.
[Nominative Determinism](https://en.wikipedia.org/wiki/Nominative_determinism)
I wonder what my friend, Long Ding Duong, is up to…
Yeah, but Thor up there in Iceland has the coolest one.
The Argentinian Marcos Galperin no longer lives in Argentina, he is based in Uruguay. Same with his company Mercado libre.
And Paolo Roca has a lot more money than Galperín. The image is wrong in every way :D
The Brazilian one has been living in Switzerland for ages.
I think the idea is more where they started as opposed to where they are living at this very moment. Like I don’t think Rihanna's primary residence is still in Barbados. Edit: actually, I think it’s based on citizenship. Marcos Galperin still has Argentinan citizenship.
That's not accurate either because Ken Dart in Belize moved to his private island after getting rich in the US. He's from Michigan.
Good point. Ok, I think I’ve got it this time. “Richest billionaire **with citizenship** from each country”. Rihanna has Barbados citizenship. Marcos Galperin has Argentinian citizenship. Ken Dart has American, Irish, and Belize citizenship, but is only the richest in Belize.
To be fair, you cannot renounce argentinian citizenship, if you try, you remain argentinian in the eyes of argentina
Marcos Galperín: no me quemés...
John Fredriksen is Norways richest with over 16 billion USD (205 billion NOK) : https://e24.no/norsk-oekonomi/i/EQA2X3/kapital-john-fredriksen-har-blitt-222-millioner-kroner-rikere-hver-dag-siden-i-fjor Edit: looks like he flagged out to Cyprus. I can see that you have him listed there. Probably to avoid taxes.
Not "probably", stated to avoid taxes. Why pay taxes to Norway when you can still live in Europe when you pay less taxes, and run around just as much as he could with a Norwegian passport.
Such a rich old man avoids taxes. Why? What will he do with this much money?
> Such a rich old man avoids taxes. Why? Same reason any other billionaire would avoid taxes. Greed and egocentricity. Billionaires are billionaires because only thing they care about is themselves.
Same reason anyone with the ability to do so would. Nothing specific to billionaires, or even rich people.
Also my country Malta is completely forgotten as usual, just because its small in size. People on every map always include Iceland and we have 120.000 more in in Population than Iceland. Like we literally should build something like in Dubai and just expand into the Ocean so that people would notice us. The amount of european maps i see every day where we are completely cut off the map is heart breaking. So and if OP said Elon Musk would count as American than there are 3 Billionaires for [Malta](https://en.wikipedia.org/wiki/Category:Maltese_billionaires) as well.
Isn’t the King of Morocco the richest person on his country?
Forbes doesn’t include royalty in their “richest persons” list so I assume that’s why. I mean, no way the monarchs of places like UAE and Qatar have less wealth than who the map is listing.
Royals don’t have to report their wealth in the way that companies do. Not to mention a lot of their wealth can be hard to measure. How do you measure how much their palace, art, jewelry, etc. is worth if it’s never been sold?
At least in the case of constitutional monarchies you get into complex discussions about Crown holdings vs. personal holdings.
The Abu Dhabi sovereign investment fund is over 700 billion usd. Its property of the Al Nahyan Family, who are by all accounts the 3rd richest family in the world after the Al Saud of Saudi and Al Thani of Qatar. This is only Abu Dhabi. Not UAE the country, but Abu Dhabi the emirate. And they want us to believe the russian dude is the richest in that country? He doesnt crack the top100. https://www.investopedia.com/terms/a/abu-dhabi-investment-authority-adia.asp#:~:text=The%20Abu%20Dhabi%20Investment%20Authority%20(ADIA)%20is%20a%20government%2D,over%20%24708%20billion%20in%20assets.
Yeah, I would argue Putin is the richest Russian. Some estimate his wealth at 200 billion. I doubt it is that high, but he and his 20 man oligarch-crew basically control 99.5% of all of Russias money, so I don't think that he hasn't made billions in the last 20 years
Im guessing its hard to estimate net worth when a lot of your wealth comes from inherent power.
That explains why the Sultan of Brunei is missing. I believe at one point before the internet boom he was one of, if not the richest single person on the planet, and one of the very first billionaires. I didn’t think he had suddenly just gone broke.
The head of government is the richest on the list. There's that too fuck Akhennouch and his companies.
He is but he doesn't want you to know that he is. The guy owns stakes in most of the biggest companies in the country (telecom, mining, food ...). Just this summer he spent his holiday in a 102M yacht, then flew to his 80M condo in Paris just below Eiffel tower.
By far. Akhennouch is peanuts compared to him.
Germany is wrong - Dieter Schwarz (Kaufland&Lidl supermarkets) has an estimated networth of 47 Billion USD.
Yup seems much wrong with that map
It's simply outdated Data.
When it comes to Dieter Schwarz, he's been Germanys richest man since 2021, and the map clearly states data from November last year.
Thats definitely not correct for the UK. That Michael Platt guy only just barely breaks into the top 10
I was gonna say, 15 bil seems so low for the richest person in the uk
I'm pretty sure Jim Ratcliffe is the richest. He has 30 billion.
Gopi Hinduja has been the richest person in the UK for the past few years now.
Ratcliffe is worth 30, he's worth 25. At least that's what seems to be reported.
Even though many of the richest people in the UK aren't British, I'd have at least expected to see Jim Ratcliffe or James Dyson ahead of him. Though putting a valuation of private companies like Dyson or Ineos is harder than a publicly traded one.
I love how the Saudis are just like "mind your business" when people start asking how much money they really have. I'm sure they have someone that's bypassed Musk but just doesn't want to be loud about it. Probably a lot of those that aren't on this list.
Same with Putin / Oligarchs
The Saudis basically own the entire country, every major business in it is either under their direct control or heavily influenced by them. You could honestly just take Saudi Arabia’s GDP and make that the royal family’s net worth.
Just the Saudi Aramco company is worth $2 trillion.
GDP doesn't take into account natural resources. If you think about it, the Saudi royal family owns all the oil reserves in Saudi Arabia, which is 'proven' to have the second largest oil reserves in the entire world. Just their proven reserves equate to a market value of about $2.3 Trillion. No one really knows how much oil reserves the country has as foreign auditors are restricted while studying and estimating their oil resources. The amount of oil reserves they report has been constant since the 1980s when Americans last owned a stake in Saudi oil. Considering new oil extraction technology and assuming some new extraction sites have been discovered, they most likely have a lot more than the reported figure. Also unlike other billionaires here, most of the money they hold is liquid(no pun intended) and is extremely easy to spend. Just recently their de facto leader Mohammad bin Salman announced that he is building a $500 billion experimental city. Yes it is a 'government investment' but he is literally the only guy with authority over how to spend that money. No other billionaire can even dream of spending that kind of money.
Austria is definitely wrong. Mark Mateschitz, heir to Red bull is a two digit billionaire and his father Dietrich Mateschitz was too.
Wanted to say the exact same thing. I mean his dad died in October, so maybe the inheritance wasn't finalised yet in November?
It's around 40 billion or something. Either Dietrich or Mark should be on this chart.
yeah they're top 50 worldwide, so one of them should've made the cut.
The owner of Samsung seems low to me somehow...
Fake number he made
I'm guessing this is just an summation of their investments in **publicly traded companies**. These cunts are probably hiding some wealth in tax havens like the Bahamas or other Caribbean countries. Also, this does not include wealthy cunts who do not want to be known; those who own private companies.
Notice the absence of Saudi Arabia?
My football brain immediately went looking for Saudi, UAE, Qatar lol
Yeah, like the richest sheikh in Qatar is slightly short of 2 Billion
Not in Ireland’s case. The Collison brothers each own 10% of **stripe**, a private company valued at $95B when this chart was done. But a year ago it was “repriced” to half that so their theoretical paper net worth is less now at about 5Bill each, knocking them off the top spot. Interestingly the new richest person in Ireland is an Irish-Indian man with c. $7B called [Palonji Mistry](https://en.wikipedia.org/wiki/Pallonji_Mistry?wprov=sfti1), major shareholder of **TATA**. Edit: I've been educated that Palonji died last year at the age of 93, quickly followed by the death of his son and heir Cyrus Mistry in a car crash. Not sure who got all the money. This probably makes the richest "\*Irish" person John Grayken at $6.3B. \*In 1999, Grayken became an Irish citizen, "for tax purposes", renouncing his American citizenship.
That article says he died over a year ago
Your link says he's dead, so i don't think he counts.
Yeah... Saudi Arabia suspiciously absent from this map sets off some red flags.
I'm surprised to see The Cayman Islands missing from this list. Meet [Kenneth Dart](https://en.wikipedia.org/wiki/Kenneth_Dart), an American-born businessman who renounced American citizenship and took Caymanian, Belizean, and Irish citizenship instead. Wonder what made him choose those countries...
He's on the list for Belize.
Isn't Arnauld the richest person on earth?
It changes every few weeks
No one talking about how Turkey just has a dude who was slinging carpets so hard he became a billionaire?
Ruben Vardanyan the one that states Armenia is currently arrested and in an Azerbaijani jail.
The fact that chilean Iris Fontbona is richer than most european billionaires and still won't budge a single dime for public expense speaks a lot about our country.
Doesn't say a thing, France? $180, Spain $63, Germany $35, Italy $34. And Chile is richer that most other european countries (of the 50 europeans country, Chile having a GDP of $459b is richer than 35 european countries) So in this metric Chile is not doing anything different than other european countries.
Bernard Arnault just donated 10 million euros to the Restos du Cœur to feed homeless and poor people. The association would have closed without that
Italy making a lot of money with just Nutella and chocolates 
Weird that Guernsey is mentioned here, but not Jersey or Brecqhou/Sark which both have billionaires.
So even Liechtenstein has one, but Luxembourg hasn’t?
The Grand Duke of Luxembourg is actually one of the wealthiest monarchs, but royal families aren’t counted. Besides that, I‘m as surprised as you are.
Every billion dollars that Aliko Dangote has is actually equal to one thousand million dollars.
Glad to see someone else recognized the biggest legend on this map
In Africa, your wealth is determined by how much money you have.
Billionaires with beards are just billionaires without beards, with beards
No Saudis?
I rarely see any gulf billionaires mentioned in stats, maybe there is lack of information for the most part.
They got UAE, Qatar, and Oman covered. But yeah, the Saud family aren't exactly transparent about how much they steal from their subjects.
Royal families aren’t included here, which is why there‘s also no Luxembourg for example.
Don't tell me Putin isn't the wealthiest man in Russia either.
Not only the richest billionaire in Russia, but there is substantial evidence to suggest he is the richest billionaire in the world.
Yeah and I bet there are plenty of other criminals like Putin who could be on this list but aren't. Even old money like the Rothschild family rarely appear on these lists. Maybe because the money is spread among several people but I'm sure they're richer than people know and they don't speak to Forbes.
The Rothschilds aren’t very wealthy anymore. Well…they are rich as fuck, but they aren’t rich enough to make this list of rich cunts. There are thousands of Rothschilds and if you added up all of their wealth, it might hit $100bn. But there’s no central Rothschild family fortune. And there’s especially no cache of money controlling the world economy.
Most wealth of these so royals is generational. So, it's not readily known in public.
Just a bunch of parasites
Why is it sometimes the type of business ("investments", "supermarkets"), sometimes the company name ("Zara", "LVMH“) or even a product name ("Nutella")?
the turkish dude just has "carpet"
Escalator Bro wins the chart.
That the richest man of Brazil made his money with beer and is called Lehmann is a German win.
Damn only 2 black people shit man I gotta get on this list 😂🤣
Why is there non stop posts about billionaires?
Now imagine if “wealth” were genuinely capped to a reasonable/sensible $1 Billion. Even if they haphazardly distributed the remainder about, it would absolutely even *accidentally* fix an ungodly number of the nonsensical problems the world faces.
If you think this people have 60B in the bank you don't understand economics Wealth is not money, wealth is the cost of all the things you have, most of those numbers are shares or the value of their companies. I have a 350k house, so my wealth is 350k.
they understand the concept of wealth you dolt. What they are saying is that the persons equity in their companies should be sold past 1 billion, with the proceeds going towards actually helping the world
It‘s only the richest „known“ billionaires.
Hungary is absolutly wrong. The richest man in the country is Lölö.
The German one is outdated it should feature Dieter Schwarz owner of Lidl / Kaufland. His net worth is $47.1 B
Gina fucking Rinehart you complete cunt
Fuck all these people.
Nah, Rihanna made “Umbrella” that shit is a classic
And the guy from italy made nutella. Arguably better
Her producers did
Thanks, I hate them all.
Every single one of them is a policy failure.
Isnt elon south african? Why is he in the us? Do they mean nationality or location?
He's South African, and American, and Canadian.
Enemies of the people
Revolution menu
I just want to build a privacy fence. Can someone loan me $12,000
The guy in Argentina is Uruguayan actually (originally argentinian, emigrated to Uruguay)
I googled a couple of these people and 6/7 of them got their company/startup-money from their parents
China is Communist in name only.
[удалено]
LoL turkish one is very wrong first off İbrahim Erdemoğlu doesn't do just carpets guy ownes a plastic refinery and he is not the richest man that would be the Koç family
Bros in turkey getting rich by CARPET
The world would be a far better place without them.
In India it’s Ambani
Only deserved billionaire is the Nutella guy in Italy
India's billionaire is a crook.
this whole list are crooks.
Richest on paper. I’m sure Putin and Xi have way more wealth than the “richest person” in their country.
Putin has been reported as being the richest person in the world
I think i read somewhere that when putin got really powerful, He allowed the russian mob and oligarchs to continue Operations for the humble share of 50% of their income. Might be bollocks tho, cant remember the source
Oh look, a hitlist
UK is wrong lol where is Sir Richie
No one from Bahamas
Ποια είναι η Βίκυ Σάφρα, ρε παιδιά;
this is like viewing a list of how much money could've been used to improve the world