The U.S. and China now make up half of the world’s billionaires, and India has moved into third place for most billionaires, according to the Hurun Global Rich List 2015.
At a record 2,089, there are more dollar billionaires in the world today than ever before, up by 222 from last year. Of that record number of billionaires, 341 are brand new to the list while 95 dropped off the list, with 10 of those 95 being from Russia, more than any other nation.
The three richest individuals are Bill Gates ($85 billion), Carlos Slim ($83 billion) and Warren Buffet ($76 billion).
There are 40 individuals on the list who are under the age of 40: Snapchat founders Evan Spiegel, 24, and Bobby Murphy, 26; Uber Technologies’ Garret Camp, 36, and Travis Kalanick, 38; Airbnb’s Joe Gebbia, 33, and Nathan Blecharczyk, $1.5 billion.
In terms of where billionaires like to live, New York City is tops. Up seven from last year, 91 billionaires now call NYC home. Moscow, Hong Kong, Beijing and London round out the top five.
The Report’s findings that a few individuals own most of the world’s wealth follows Oxfam’s recent report that the richest 1% of the world will soon own more than half the world’s wealth.