More billionaires by 2031
Introduction
A new report from Knight Frank says the number of billionaires will grow to about 3,915 by 2031. That is 25% more than today. The report also says there are 713,626 very rich people with $30 million or more. Technology, especially AI, helps people make money faster.
Main Body
The report says the number of very rich people grew from 551,435 five years ago. Liam Bailey works for Knight Frank. He said the growth is very fast because technology businesses can grow quickly. Saudi Arabia will have the biggest increase in billionaires. The number will go from 23 to 65 by 2031. Poland will go from 13 to 29. Sweden will go from 32 to 58. For very rich people, Indonesia will have the highest growth at 82%. The United States has the most very rich people now. The UK will have slow growth. The UK changed a tax rule for rich people from other countries. This rule made the UK less popular. Rory Penn from Knight Frank said rich people move more now. The UK lost some billionaires in 2025. The report also says fewer than 60,000 people control three times more money than half of the world. Forbes says Elon Musk is the richest person with $785.5 billion. North America has one-third of billionaires now. But Asia Pacific will have more by 2031.
Conclusion
The report shows that rich people are getting richer because of technology and AI. More billionaires will live in Asia and the Middle East. The UK is less popular because of tax changes. This information helps people talk about money differences.