Russia will overtake the UK in the number of dollar billionaires in 2024 , rising to fourth place in the global ranking, according to Altrata ‘s Billionaire Census 2025 report .
The publication notes that the number of billionaires in Russia increased by 8.5% over the year, reaching 128 individuals. The company estimates their combined wealth reached $457 billion. In the UK, this figure increased by 4.9%. Altrata also noted that the number of billionaires in the UK also reached 128 individuals, with their combined wealth reaching $323 billion.
The United States (1,135 billionaires), China (321), and Germany (184) topped the rankings . India and Brazil saw declines of 3.1% and 3.6%, respectively, in the number of wealthiest individuals.
In January , it was reported that the world’s billionaire wealth would grow by $2 trillion in 2024—three times faster than in 2023.
According to the charity Oxfam, the wealth of the world’s ten richest people grew by an average of almost $100 million a day, and even if they lost 99% of their wealth overnight, they would still be billionaires.
Previously , it was reported that the wealth of the richest Russians had grown by almost $20 billion since the beginning of the year.