Canada: a 33% increase in billionaires expected by 2031, according to Knight Frank LLP

Knight Frank LLP forecasts a 33% increase in the number of billionaires in Canada by 2031, reaching 65 billionaires compared to 49 in 2026. This estimate differs from Forbes, which lists 82 Canadian billionaires, due to differing calculation criteria. Globally, the number of billionaires could reach nearly 4,000 by 2031, driven by growth in the technology and financial sectors.