The number of billionaires worldwide continues to rise, but a key shift is underway: Europe is strengthening its position and could narrow the gap with the U.S.
According to a report by Knight Frank, the global billionaire population is projected to reach 3,110 in 2026, up from 2,723 in 2021 — a 14% increase over five years.
Growth expected to accelerate
Analysts say the upward trend is likely to continue. By 2031, the number of billionaires could climb to 3,915 worldwide.
Europe emerges as a key driver
Europe is expected to see particularly strong growth, with the number of billionaires projected to rise 27% over five years, from 780 to 994.
Poland is forecast to be one of the main drivers of this increase. Its billionaire population is expected to grow by 123%, from 13 to 29 — the fastest rate in Europe.
The Nordic region is also showing momentum. The number of billionaires is projected to increase by 81% in Sweden, 75% in Denmark and 53% in Norway.
Shifting leadership within Europe
Longer-term projections suggest changes in Europe’s internal ranking. Italy could emerge as the regional leader by 2031, with about 82 billionaires.
U.S. share declines despite growth
The U.S. remains the world’s largest concentration of wealth. However, its share of the global total is gradually declining. In North America, the number of billionaires rose from 995 to 1,089, while the region’s global share fell from 31% to 27.8%.
