How Many Scandinavian Billionaires Are There? A Look At Nordic Wealth

We’re going to talk about how many billionaires there are in Scandinavia. Let’s start with Sweden.

In 2024, Forbes listed 43 Swedes worth $1 billion or more. This means that around four out of every million Swedes are billionaires. To put this in perspective, the United States has 813 billionaires – the most of any nation – but only two out of every million Americans are billionaires.

This might make you think that Sweden has a higher concentration of billionaires than the United States. However, it’s important to keep in mind that the US has a much larger population than Sweden. With over 342 million people, the US has a much larger pool of potential billionaires.

When comparing the number of billionaires per capita, it’s important to consider the population size of each country. The United States has a larger population, so it’s not surprising that it has more billionaires overall, even though Sweden has a higher concentration of billionaires per capita.

It’s also worth noting that the Forbes list is just a snapshot in time. The number of billionaires in any country can fluctuate depending on economic conditions, market performance, and other factors.