The 15 top countries for billionaires, ranked by how many live there

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• A Knight Frank Wealth report has ranked the countries around the world with the most billionaires.
• The US, China, and Germany came top, with China fast catching up.
• Some much smaller countries, like Taiwan and Switzerland, also made the cut.
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Even though billionaires can pretty much choose to live wherever they want to in the world, it seems like most of them prefer the same few places.

There are 1,732 billionaires in the world currently. 15 countries dominated in terms of how many of them live there, according to the M&A broker firm Latona's, which analyzed five years of a wealth report compiled by the real estate company Knight Frank.

Take a look at which countries worldwide have the most billionaires, ranked in ascending order.

15. Australia, 34 billionaires

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The number of billionaires residing in Australia has increased by 55% over the last five years.

But while a metropolitan city like Sydney might seem like the ideal place, many of the nation's richest actually prefer a suburb right outside Melbourne.

The area, called Toorak, houses 23 of the 250 richest people in Australia, according to MailOnline.

=13. Taiwan, 35 billionaires

Reuters

In the last five years, Taiwan has gained eight billionaires.

Most of the country's billionaires are self-made,according to Taiwan News, with less than a third relying on a family fortune. Their combined wealth stands at $85.5 billion.

=13. Japan, 35 billionaires

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Japan's list of billionaires more than doubled in the last five years. 

The richest of the rich there Tadashi Yanai, founder of fashion company Fast Retailing and an influential board member of Softbank. His estimated net worth is $31.4 billion.

According to Forbes, there are 45 current billionaires were born in Japan, but they don't all stay there.

Source: Latonas, Forbes

See the rest of the story at Business Insider

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