Ireland for instance has a number of genuine Irish billionaires who live in California (the Collison brothers) or Malta (Denis O’Brien) or Portugal (Dernot Desmond) and others who are probably doubly recorded by Forbes in those other jurisdictions. It also has a number of billionaires who aren’t Irish at all and don’t even live here but somehow are on the Irish list maybe for dom reasons like the “richest man in ireland” who is the guy who owns Tata in India), and some lads in the UK (the hedge fund guy Greykon and others) who took Irish citizenship for some reason. Probably tax.
In Sweden evonomical inequality has worsened with larger and larger gaps between rich and middle/working class. A few people has made a lot of money from the privatisation of wealth fare institutions. And we have a large tax load on work and consumption relative to heritage tax (none) and property tax. Our self-image is helce that we are a well fare utopia still, whilst det being far from it.
Well incomes are pretty equal there, but the old wealth still remains, obviously. It is quite controversial, but I think it is actually quite beneficial system for the wealthy people, as no one can become rich anymore, they have no competitors.
This data is only four years old, but the number of USD billionaires in Sweden increased to 81 in Juneof 2021. That is an increase of over 150%. The pandemic was really good for rich people.
One of the things we can be pretty proud of in Belgium, median and average wealth are relatively close to each other, with not too many exceptions on either side of the scale. Still could be better though.
Red should be green and green should be read having a lot of people hoarding wealth or having fake stock market wealth be a large part of your economy isn’t good
Norway and Sweden both rank pretty high on Egalitarian rankings. If you set up your tax system correctly the only way to keep extreme wealth is to reinvest, which limits the negative effects on the economy.
This week came out list of richest people in Lithuania. 3 people have more than 1 billion. We have had a billionaire for years now. Strange how it is zero in the map.
Billionaires shouldn’t exist tbh. They are the reason we plebs are poor and fucked every time inflation climbs 1%, while they profit like never before. During Pandemic, all Billionaires became even more rich. Fuck’em. Any country is better off without any.
Fixed pie fallacy. If someone makes something and it can be sold for billions, they didn't take from you to be worth billions. They added a billion to the pile of total wealth.
Oh, so you're telling me you can have a robust social safety net , tax the rich and universal healthcare and it won't make all businesses and business owners magically dissapear? Don't tell conservatives, it'd melt their last braincell.
I think the Billionaires money should be put into government bonds. And so it's basically tax but the billionaire basically gets to keep his Billionaire status, but basically never sees it again, unless he goes bankrupt with what he has left (say $100 million), and needs more.
Huh, neat how the billionaires choose to live in the high tax countries which offer a better quality of life and more stability and safety. Seems to go against what plenty of Republicans have assured me is the real case
Ireland is a tax haven for companies. Not so much for people. In fact, there was quite a stink here, a while back, when Bono left Ireland for the Netherlands, for tax purposes.
Nordic countries allow for a greater deal of free enterprise (greater than American socialists would be willing to tolerate) so that they can pay for the welfare state.
Sweden isn't socialist. They have a robust welfare state that is paid for through high taxes on income. Sweden is, in fact, highly capitalistic and entrepreneurial.
A bit of propaganda in the colour choices. Low billionaire numbers are in red implying “it’s bad!” and high billionaire numbers are in green “it’s great”! High numbers of billionaires could mean high exploitation of working class, high income disparity.
Fun fact, Hungary has a population of 10 million. The 1 billionaire Is Lőrinc Mészáros, best friend of our PM, another fun fact he started becoming rich when our current government got elected. What a weird coincidence
Shame the map doesn’t include Monaco or San Marino or Lichtenstein
Liechtenstein's monarch alone is probably the wealthiest monarch in Europe.
Even though they made sure to include Andorra and Luxembourg lol
vatican is missing too
It would be great to have Monaco in this pic.
Easy enough to find out, just search “population of Monaco”
And Liechtenstein
There is actually a Wikipedia page for this:
78.7
Many billionaires have double/triple citizenship, how does Forbes deal with that?
ignores or embellishes, depending on what angle they are trying to publish
Maybe it's based on residency
exactly. All the Eastern Europe countries with 0 or 1 billionaires have some but they are all registered in so called "tax paradises".
Poorly I imagine
They probably get counted multiple times, once in each country they can claim.
Just look at Cyprus. Count both.
Interesting but sadly probably very inaccurate due to the "habit" of billionaires of setting their tax residence somewhere else.
Ireland for instance has a number of genuine Irish billionaires who live in California (the Collison brothers) or Malta (Denis O’Brien) or Portugal (Dernot Desmond) and others who are probably doubly recorded by Forbes in those other jurisdictions. It also has a number of billionaires who aren’t Irish at all and don’t even live here but somehow are on the Irish list maybe for dom reasons like the “richest man in ireland” who is the guy who owns Tata in India), and some lads in the UK (the hedge fund guy Greykon and others) who took Irish citizenship for some reason. Probably tax.
This might as well be a map of countries with the most billionaire friendly tax codes.
The fuck is going on in Cyprus
Tax evasion
golden passports
Golden Passports -- enough money can/could buy you European citizenship.
I'm a Cypriot and here's your answer:
Tax haven, money laundering, and russian oligarchs
Russians
Crime
2018 was a lifetime ago, economically speaking
The pandemic nuked every statistic there is. Idk why people keep bringing up old data that has no relevance anymore.
There are more billionaires now then then but I don't think things have changed that drastically?
FYI in Hungary the one guy is Orbán's piggy bank.
Fucking Lölö
What, are you saying he is not smarter than Zuckerberg?
Portugal can into Eastern Europe.
PORTUGALCYKABLYAT
And this time it’s a good thing.
I get the data being repressented but im not sure how to interpret the data.
It does highlight certain tax havens lol
PORTUGALCYKABLYAT
I found
Yeah but Scandinavia is tootallyy socialist /s
Tax on income is very high, tax on capital is very low
The Minecraft guy paid more in taxes one year here in Sweden, than we have in yearly infrastructural budget for Sweden as a whole
Sweden loves to talk about it's income Gini and really doesn't like to talk about it's wealth Gini.
In Sweden evonomical inequality has worsened with larger and larger gaps between rich and middle/working class. A few people has made a lot of money from the privatisation of wealth fare institutions. And we have a large tax load on work and consumption relative to heritage tax (none) and property tax. Our self-image is helce that we are a well fare utopia still, whilst det being far from it.
Well incomes are pretty equal there, but the old wealth still remains, obviously. It is quite controversial, but I think it is actually quite beneficial system for the wealthy people, as no one can become rich anymore, they have no competitors.
Out of the 6 billionares that finland has, 3 of them are relatives.
Nordic not Scandinavia.
It is funny how this map kinda challenges the “less billionaires = more money for average people” narrative.
I am always baffled when people point to Scandinavia as an example of socialism.
You see, socialism WORKS! /s
Don't ever insult my country like that again.
I guess that's why it was so hard to unify germany before napoleon, huh
Portugal has Ronaldo I guess lol
Iceland has 2 today, wich means were numero uno🤌. Besides monaco but their to small to count anyways
who are the Icelandic billionaires today?
PORTUGALCYKABLYAT
Iceland is a thing but only almost
29 😎
This data is only four years old, but the number of USD billionaires in Sweden increased to 81 in Juneof 2021. That is an increase of over 150%. The pandemic was really good for rich people.
these colors are stupid
Elaborate
Every billionaire is a policy failure.
Estonia looks more attractive every day.
This map is old, we have two if not three billionaires now
As an Austrian, I have to ask: Is this before or after Matteschitz died?
What I take from this map is that Sweden has about 10 million people.
One of the things we can be pretty proud of in Belgium, median and average wealth are relatively close to each other, with not too many exceptions on either side of the scale. Still could be better though.
I was under the impression that the lack of billionaires in Belgium was due to the fact we're the most taxed country in Europe.
Red should be green and green should be read having a lot of people hoarding wealth or having fake stock market wealth be a large part of your economy isn’t good
Norway and Sweden both rank pretty high on Egalitarian rankings. If you set up your tax system correctly the only way to keep extreme wealth is to reinvest, which limits the negative effects on the economy.
How do you know most of those billionaires have money that is not invested? Out of the invested money, how do you determine it's "fake stock market"?
Surely its that simple eh, people hoarding wealth and fake stock market is a decent narrative
I feel like colors should be inverted
None in Luxembourg. Almost like the country isn’t actually a tax haven anymore…
They are not living there, just visiting old friends.
Cyprus is counting Russian billionaires for sure.
there are zero Russians on the list
Romania has 1 guy and we know who that is.
47?
Top G
Colors should be swapped.
Color scheme is backwards.
That’s why the best quality of life is in the red countries, right?
Would you rather live in the green or red countries?
No it’s not
Portugal cyka blyat
denmark has 10? huh, that’s more than i thought…..
In Albania there are 4 known Billionaires
Why per 10m people?
The portuguese billionaire is Roman Abramovich lol
It could be Dermot Desmond an Irish billionaire tax exile in portugal
in the balkans even the rich are poor
For the US, the numbers are: 22.14 and 735
This week came out list of richest people in Lithuania. 3 people have more than 1 billion. We have had a billionaire for years now. Strange how it is zero in the map.
Germany has the most!
Of course Switzerland is the highest. That country might as well be Elysium.
Lithuania has two billionaires, so it needs to be 0,72 billionaires for 10 millions
I could accept a reversed colour scheme, seeing how more billionaires means more exploitation of natural ressources and labour.
Should be 0 in every country.
Can you name a country with 0 that is also nice to live on and as nice affordable housing based on the average wage?
Billionaires shouldn’t exist tbh. They are the reason we plebs are poor and fucked every time inflation climbs 1%, while they profit like never before. During Pandemic, all Billionaires became even more rich. Fuck’em. Any country is better off without any.
Fixed pie fallacy. If someone makes something and it can be sold for billions, they didn't take from you to be worth billions. They added a billion to the pile of total wealth.
Way to many
your colors are backwards.
Color pallete should be oposite, 0 is the best.
Yet countries with less billionaires don't seem to be better off...
Is the quality of life for typical people better in the countries with 0 billionaires, or in the green ones?
Having no billionaires should be green.
Nice, so now we know where to hunt
Colors should be reversed
I feel the color should be flipped
The colours should be reversed. More billionaires is fucked up
Yet countries with less billionaires don't seem to be particularly better off.
Oh, so you're telling me you can have a robust social safety net , tax the rich and universal healthcare and it won't make all businesses and business owners magically dissapear? Don't tell conservatives, it'd melt their last braincell.
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Flawed understanding of what a Billionaire is.
Introduce this tax. I am sure all those billionaires and multimillionaires will remain in those country. Also,
No iPhone, no Samsung, no Microsoft, no B&J, no chips, no nothing.
says the person without that money.
I think the Billionaires money should be put into government bonds. And so it's basically tax but the billionaire basically gets to keep his Billionaire status, but basically never sees it again, unless he goes bankrupt with what he has left (say $100 million), and needs more.
Just elaborate on the procedure of taxing net worth genius.
Get fucked Denmark from Ireland. But also holy shit Cyprus, fair play
The cringe
With our tiny pop does that put us at the highest billionaires per capita?
Wow Sweden!!! Very impressive!!!
Huh, neat how the billionaires choose to live in the high tax countries which offer a better quality of life and more stability and safety. Seems to go against what plenty of Republicans have assured me is the real case
Colours should be inverted. Green is usually related to something good.
Is more billionaires really a good thing? I’m not sure I would use green
Nordics, stop winning pls
The color scale is in reverse
Seems like The Netherlands isn't such a tax haven after all (compared to Ireland or Switzerland for example). Not for individual billionaires anyway.
Ireland is a tax haven for companies. Not so much for people. In fact, there was quite a stink here, a while back, when Bono left Ireland for the Netherlands, for tax purposes.
How is it that the more socialist countries like Sweden and Norway have the highest number? I expected the opposite
Nordic countries allow for a greater deal of free enterprise (greater than American socialists would be willing to tolerate) so that they can pay for the welfare state.
Sweden isn't socialist. They have a robust welfare state that is paid for through high taxes on income. Sweden is, in fact, highly capitalistic and entrepreneurial.
Some people will take these number as a sign of success for the country.
The colors need to be inverted.
Weird choice of colour scheme.
Why does the Ukraine have 7 billionaires? They are the poorest country in Europe. Lmao that # is probably tripled now
Red should be green
I think it got the color code wrong.
Proof that the Nordic countries aren’t “socialist” in the way most Americans think.
Based east Europe with almost no billionaires.
More billionaires is not better. Not sure about this colour scheme.
Countries with less billionaires don't seem to be particularly better off.
The colour scale is off. Every billionaire is an indicator for an unjust society and I say this coming from a "green" country.
The greener the country the better a place it is to live but alright
Would be nice to have the UK split up by country so we can see where the wealth is hoarded by country in the UK.
Like if it was something to be proud of...
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You are trying to say "we need to kill them". But are afraid to say it explicitly because it would be too obvious that it's a violent and cruel idea.
I think the colours should be reversed
I'd like to see the colour scheme reversed. Red for a high number of wealth hoarders / exploiters, green for a low number...
A bit of propaganda in the colour choices. Low billionaire numbers are in red implying “it’s bad!” and high billionaire numbers are in green “it’s great”! High numbers of billionaires could mean high exploitation of working class, high income disparity.
Ireland is more full of Billionaires than the UK.
That sounds like an insult. "Oh, shut it! You're so full of billionaires!"
Wonder why it’s 0.5 for Romania?
One billionaire for a country with a population of about 20million people.
fie! cometh h're and englut mine own coxcomb thee distemperate blinking idiot
Where Monaco
Ah yes, my country has "more maps at jakubmarian.com" billionaires
I don't understand, what are the two numbers?
The top number is the number of billionaires per 10 million people the bottom is the actual number of billionaires in the country
Top: billionaires per 10 million people
Government and the rich in Russia are basically the same so no wonder.
Switzerland?
Why does Ireland have a lot ?
Because we’re class
1 in Romania. Probably ex tenisman Ion Țiriac
someone smart explain to me the numbers, are the upper ones the number of wealth or what?
Serbia have 3 billionaries.
portugalcykablyat
BRB, going to move to Switzerland to increase my chances of becoming a billionaire
Sweden has 300000000 population now?
No dumdum
One can only dream for now that in the future it says 0 everywhere.
Duke of Luxembourg is worth over 4b alone and I am pretty sure he is not alone in gran duchy
Fun fact, Hungary has a population of 10 million. The 1 billionaire Is Lőrinc Mészáros, best friend of our PM, another fun fact he started becoming rich when our current government got elected. What a weird coincidence
There's at least 5 in Portugal and 17 in Luxembourg.
This is not true. Bulgaria has multiple billionaires, they are just hidden.
Bulgaria has billionaires, they just got rich by stealing EU and government funds.
PortugalCYKABLYAT
I’m surprised we even have six in Finland. Income tax at that bracket must be insane.
What does the light pink color for Isle of Man mean?
Iceland has such a weird statistic here. The richest dude in the country is basically all by themselves at the top in a country of ~400k population.
Impressive… very nice…
Moscow 7 gtfo
Kapitalismens högborg.
TIL Germany has more billionaires than Russia.