There must be class difference everywhere, and it doesn’t just mean that there’s a disparity between the rich and the poor. It is a consolidation of the fact that there will always be some people who have it better than the rest, even if it comes with a myriad of sacrifices and every other goody that comes with being tagged as wealthy.
The world’s top 1 per cent essentially refers to the people at the top of the economic food chain in any terrain; terrain in this context can also be used interchangeably with countries.
To be considered a rich man in today’s parlance, it would have to be country-based, considering that different countries have different economic strengths, but the net worth of each country would definitely be provided in the US Dollar currency for the sake of cohesion.
You would be surprised at how much it was required to be in the top 1 per cent of the world, but because we cannot just throw numbers in the air, it would be important for us to break it down the country by country, starting with how much you would need to have to break into the top 1 per cent in the most significant countries.
Top 1 Percent Of The USA
To break it into the top 1 per cent of the USA, you would need a net worth of 4.4 Million Dollars, according to the 2021 Knight Frank Wealth Report. Compared to the rest of the world, the US has the third-highest wealth threshold to break into the 1 per cent.
You must be wondering why the USA is chronicled first if it is just the third-highest wealth threshold to break into the 1 per cent;
Here’s the mind-blowing fact, although the USA might be third when it comes to wealth threshold, there are other factors to consider, such as the fact that ‘No other country is blessed with a population of individuals with a net worth higher than 30 million dollars.’
Besides, when you consider how strong the US economy is and how popular the dollar currency is, the USA always manages to find its way to the top of the food chain.
At this moment, these are the top 1 per cent of the USA;
Jeff Bezos – 189.3 Billion DollarsJeff Bezos owns Amazon.com, The Washington Post, and Blue Origin. He’s undoubtedly at the top of the world’s top 1 per cent.
Fun Fact; His wife is currently at the top of the female billionaire’s food chain, and all she had to do was divorce him.
- Elon Musk – 182.2 Billion Dollars
Elon Musk owns Tesla and Space X. He also co-founded X.com, now known as Paypal.
Fun Fact; He’s a mad genius and even his investors hate his guts but will never stop investing with him.
- Bill Gates – 123.7 Billion Dollars
He co-founded Microsoft and is currently a co-founder at Bill and Melinda Gates Foundation.
Fun Fact; He dropped out of Harvard at 19 and founded one of the world’s pioneer software companies.
- Mark Zuckerberg – 95.7 Billion Dollars
He co-founded Facebook.
Fun Fact; He became the world’s youngest self-made billionaire in 2003 at the age of 23.
- Warren Buffet – 91.7 Billion Dollars
He founded Berkshire Hathaway
Fun Fact; He’s referred to as the world’s most prolific investor.
Top 1 Percent Of Monaco – (Billionaires Playground)
Monaco has the highest number of rich people in the world, and this beautiful city is the hardest to break into its wealth threshold because you would need at least a net worth of the whopping sum of 7.9 million dollars.
Monaco is often fondly referred to as the billionaire playground because of its huge population of wealthy individuals. Monaco is home to over 12,000 millionaires in less than one square mile.
According to BBC.com, there will be 16,100 millionaires or multimillionaires in Monaco by 2026. Over 30% of the roughly 38,000 residents of Monaco are millionaires,
Here are the top 1 per cent of Monaco;
- Stefano Pessina – 11.8 Billion Dollars
He heads the world’s largest drugstore chain, Walgreens Boots Alliance.
Fun Fact; Pessina bought over 1,500 rival companies across Europe, merged his UniChem Group with Alliance Boots, and took it private in a $22 billion deal.
- Eyal Ofer – 9.8 Billion Dollars
He inherited his father’s Shipping Empire and has since gone on to expand it.
- Simon Reuben – 7.5 Billion Dollars
Simon Reuben shares a real estate, technology and investments fortune with his brother David Reuben.
- Eddie & Sol Zakay – 2.0 Billion Dollars
Sol and Eddie Zakay are chairman and deputy-chairman of Topland Group, an investment group with a substantial real estate portfolio.
- Maria Franca Fissolo – 1.9 Billion Dollars
Maria Franca Fissolo is the widow of Michele Ferrero, who built Ferrero Group into one of the world’s leading sweets companies.
- Tatiana Casiraghi – 1.7 Billion Dollars (ROYALTY BONUS)
Billionaire heiress Tatiana Casiraghi joined Monaco’s royal family in 2013 after marrying Andrea Casiraghi, reportedly second in line to the throne.
Top 1 Percent Of Switzerland
Switzerland has the second-highest wealth threshold in the world, and you would need the sum of 5.1 Million Dollars to break into the top 1 per cent of the country.
Switzerland citizens are referred to as red cross people and the red cross flag is simply the Swiss flag inverted in reverence to the founder of the International Federation Of The Red Cross, Henry Durant.
Here’s the top 1 per cent of Switzerland;
- Ernesto Bertarelli – 18.6 Billion Dollars
Ernesto Bertarelli is best known as the founder of the Alinghi team in 1994. He’s the CEO of pharmaceutical biotechnology giant Serono SA.
- Magdalena Martullo-Blocher – 7.8 Billion Dollars
Magdalena is the daughter of one of Switzerland’s pioneer political leaders; the Swiss Democratic Party.
She’s a politician like her father and also oversees the family investments, which include Johnson & Johnson, the popular cosmetic brand, among others.
- Hansjoerg Wyss – 6.7 Billion Dollars
He’s the CEO of the Swiss biomedical engineering company, Synthes.
Fun Fact; He doesn’t even live in Switzerland; he’s lived in the state of Wyoming in the USA for years.
- Rahel Blocher – 7.6 billion dollars
Magdalena’s sister oversees the Robinvest company, also founded by their father, and sits on the foundation board of the Schweizer Musikinsel Rheinau. She has no interest in politics, unlike her sister.
- Gianluigi Aponte – 6 Billion Dollars
He’s the owner of Mediterranean Shipping Company SA (MSC), formerly known as Aponte Shipping Company.
Top 1 Percent Of Singapore
To be in the top 1 per cent of Singapore, you would need just one hundred thousand dollars shy away from 3 million dollars. This is one of the highest on the Asian continent, and it is apparent that Singapore does not lack the appropriate distribution of millionaires in the city.
It is said to be home to 44 billionaires and an incredibly expensive city. Here are the top 1 per cent of Singapore;
- Zhang Yong – 19 Billion Dollars
He owns and chairs the Sichuan hot pot chain Haidilao.
- Shu Ping – 19 Billion Dollars
She is Zhang Yong’s wife and the other side of the coin that holds Haidilao together.
- Li Xiting – 17.8 Billion Dollars
Li Xiting is the co-founder and chairman of Shenzhen Mindray Bio-Medical Electronics
- Goh Cheng Liang – 14.8 Billion Dollars
The bulk of his wealth comes from his stake in the fourth biggest paint manufacturer in the world, Nippon Painting. In 2019, Nippon Pain also acquired Dulux Group, one of the largest paint manufacturers in the world.
- Eduardo Saverin – 14 Billion Dollars
Eduardo is the co-founder of Saverin and was Mark Zuckerberg’s classmate when the company was founded.
Fun Fact; He renounced his US citizenship in 2012 just before Facebook launched its IPO and has since naturalized as a Singapore citizen.
- Robert and Phillip Ng – 13.2 Billion Dollars
The source of the huge wealth of these two brothers is majorly their father’s inheritance, who was formerly known as The King Of Orchard Road and is one of the greatest property landlords and private real estate investors in Singapore.
Top 1 Percent Of New Zealand
In New Zealand, the rich are getting richer. There are now more than 350 New Zealanders with more than $50 million in assets, according to the Inland Revenue.
This is a very interesting development, given the fact that a few years back, only a few people in New Zealand would have made any world richest list, but according to a report, the wealth of New Zealanders soared considerably in the past few years.
Here are the top 1 per cent in New Zealand today;
- Graeme Hart – 7.2 Billion Dollars
Graeme Hart is a New Zealand businessman who built his net worth as a leveraged buyout (LBO) private equity investor. He specializes in buying under-performing and under-valued companies with steady cash flows that can be turned around through strong management, cost-cutting, and restructuring with other businesses.
- Todd Family – 2.7 Billion Dollars
Todd Family is a New Zealander family with business interests and a net worth of $2.7 billion. The family is invested in fellmongery, gold mining, stock and station agencies, car importation and distribution, motor vehicle assembly, petroleum distribution, electricity generation, and capital investment, as well as gas and oil exploration, development, and production.
Their two major companies are Todd Energy and Todd Capital.
- Richard Chandler -2.5 Billion Dollars
Richard Chandler is the former CEO of the Sovereign group of companies that he had run in partnership with his brother, Christopher Chandler.
The bulk of their wealth comes from telecommunications, electric utilities, steel, oil and gas, banking, and oil refining; and by 2006, Sovereign had expanded across Asia, Africa, Latin America, and Eastern Europe.
- Eamon Cleary – 2 Billion Dollars
Eamon Cleary is a New Zealand property developer and racehorse owner. Cleary built his wealth during record-high dairy prices and land values in a very simple way. He did this by converting cheap farmland in New Zealand into profitable dairy farm operations during the 1990s recession.
- Christopher Chandler – 1 Billion Dollars
Christopher was the other part of Richard Chandler’s Sovereign group of companies that invested in diverse industries, including telecommunications, electric utilities, steel, oil and gas, banking, and oil refining. The brothers grew the company into a conglomerate across Asia, Europe, and North America but still ended the partnership in 2007.
Top 1 Percent In Hong Kong
Hong Kong is home and headquarters to some of the richest men in China and Asia as a whole. This beautiful city has always been a major trade centre for the whole of Asia, so this is very unsurprising.
Hong Kong’s economy suffered a 6.1% decline in 2020, its worst performance since 1998, after the Asian financial crisis. But stock market gains provided some relief; the benchmark Hang Seng index was up 5% since fortunes were last measured 13 months ago. That resilience helped boost the combined net worth of the 50 richest by 7.5% to $331 billion, up from $308 billion last year
Here are some of our favourite Chinese Billionaires;
- Li Ka Shing – 35.4 Billion Dollars
Li is one of the most influential businessmen in Hong Kong and is often referred to as Superman. He retired as the Chairman of CK Hutchison Holdings and CK Asset Holding in 2018. His son Victor now oversees the conglomerate.
- Lee Shau Kee – 30.5 Billion Dollars
He’s the co-founder of Sun Hung Kai and founder of Henderson Land Development.
Fun Fact; While growing up, he was so poor that he could only afford to eat meat or fish only twice a month.
- Henry Cheng and Family – 22.1 Billion Dollars
He took over his late father’s business; Chow Tai Fook Jewellery and New World Development.
He and his father have won the very rare Hong Kong’s Gold Bauhinia Medal for service to the city.
- Yeung Kin-man – 18.6 Billion Dollars
He’s the founder of Biel Crystal Manufactory, which supplies smartphone touchscreens to Apple, among other things.
He owns the company with his wife, Lam Wai-Ying.
- Lui Che Woo and Family – 17.8 Billion Dollars
He’s the chairman of Galaxy Entertainment Group, a Casino Operator in Hong Kong, and K. Wah International Holdings, a property developer.
His three children now oversee the business.
It is worthy of note to mention that in the history of the world, only 6 people have achieved the remarkable feat of being a Trillionaire and it is often speculated that the accumulation of such an amount of wealth by individuals in this day and time might be unachievable.
Well, let’s wait until some of us are in the race; here are the 6 Trillionaires who have walked the earth. They are as rare as plutonium on Wall Street, please kindly read their names with caution;
- Genghis Khan – $100+ Trillion
He was the king of the Mongolian Empire and he ruled from 1206 to 1227.
- Zhao Xu – $30 trillion
He was the Emperor Shenzong of Song in China, he ruled from 1048 to 1085.
- Akbar, The Great – $21 trillion
He was the Emperor of India’s Mughal Dynasty and he ruled from 1542 to 1605.
- Amenhotep III – $4-6 trillion
He was the Pharaoh of Egypt, and he ruled from 1388-1351 BC.
- Augustus Caesar – $4.6 trillion
He was a Roman Emperor, and he ruled from 63 BC-14 AD.
- King Solomon – $2.2 trillion
He was the King Of Israel, and he ruled from 970 – 931 BCE.
SPECIAL RECOGNITION TO AFRICA’s LONE ENTRY;
- Mansa Mousa – $0.5 trillion
Mansa Mousa was the King of the Mali Empire and Timbuktu in Africa, he ruled from 1280-1337.
Although Mansa Mousa was obviously a few hundred billion shies from being a trillionaire, he’s Africa’s richest man ever, and he definitely deserved a mention.