The number of billionaires in Pakistan is forecast to reach four in 2026. In 2016, there were just three individuals whose net worth exceeded one billion U.S. dollars in Pakistan.
Leading billionaire cities
According to the Hurun Global Rich List 2022, Beijing had the most billionaires in 2022. In total, 144 billionaires lived in China's capital. Furthermore, 121 billionaires resided in Shanghai, while 110 were in New York. Many of the world's billionaires are concentrated in a few megacities. A look at the primary industries of billionaires globally helps to explain the importance of traditional global business capitals such as New York, London, and Hong Kong. The inclusion of Chinese cities on the list can be explained partly by the country's industrial conglomerates' strong performance in recent years.
The effect of COVID-19 on the wealth of billionaires
Elon Musk was the billionaire whose fortune grew the most due to the COVID-19 pandemic. From September 2019 to September 2022, Elon Musk increased his net worth by 231.1 billion US dollars. Google’s Larry Page added the second highest value to his net worth during the period under consideration, with an increase of 37.5 billion dollars. In contrast, Facebook founder Mark Zuckerberg’s net worth decreased by nearly 12 billion US dollars during the same time.
Number of billionaires in Pakistan from 2006 to 2026
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Knight Frank. (March 3, 2020). Number of billionaires in Pakistan from 2006 to 2026 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/785254/pakistan-number-of-billionaires/
Knight Frank. "Number of billionaires in Pakistan from 2006 to 2026." Chart. March 3, 2020. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/785254/pakistan-number-of-billionaires/
Knight Frank. (2020). Number of billionaires in Pakistan from 2006 to 2026. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/785254/pakistan-number-of-billionaires/
Knight Frank. "Number of Billionaires in Pakistan from 2006 to 2026." Statista, Statista Inc., 3 Mar 2020, https://www.statista.com/statistics/785254/pakistan-number-of-billionaires/
Knight Frank, Number of billionaires in Pakistan from 2006 to 2026 Statista, https://www.statista.com/statistics/785254/pakistan-number-of-billionaires/ (last visited September 01, 2024)
Number of billionaires in Pakistan from 2006 to 2026 [Graph], Knight Frank, March 3, 2020. [Online]. Available: https://www.statista.com/statistics/785254/pakistan-number-of-billionaires/