LUX-NUMBER-OF-BILLIONAIRES-BY-COUNTRY

The Forbes World’s Billionaires list is a snapshot of wealth using stock prices and exchange rates. Forbes lists individuals rather than multigenerational families who share fortunes, though they include wealth belonging to a billionaire’s spouse and children in certain cases, namely if that person is the founder of the fortune. For Russian billionaires, fortunes were calculated using ownership structures from February 2022, prior to Russia’s invasion of Ukraine and before many made transfers of assets to managers, friends and others in an effort to protect their holdings from sanctions. Forbes values a variety of assets, including private companies, real estate, art and more and doesn’t pretend to know each billionaire’s private balance sheet (though some provide it).