Sweden (and Norway) has 45 billionaires, about 1.5 times more per capita than the US, Sweden is EU’s most innovative country

[Litwin]

Why does the US still see Sweden through 1970s stereotypes?
Sweden has 45 billionaires, about 1.5 times more per capita than the US, which is often said to be enjoying a new gilded age. The richest American ever was John D Rockefeller in around 1910, when his fortune surpassed 1.5 per cent of GDP. No American is close to that mark today. The land of latter-day Rockefellers is Sweden, with seven magnates whose wealth as a share of their nation’s GDP exceeds that of Rockefeller at his peak.

Sweden: a socialist paradise overflowing with billionaires

The country is generating the kind of wealth that raises the risk of an anti-capitalist revolt Read more at The Business Times.

www.businesstimes.com.sg

The rise of Sweden's super rich

Why the Nordic nation, despite its reputation for social equality, has so many billionaires.

www.bbc.com

Sweden is EU’s most innovative country

 

[Litwin]

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May 10, 2026

Why do Americans (of all races) choose one of the least multicultural states in Western Europe? I thought you guys preferred sandy, hot deserts for some reason

• Litwin
• Replies: 46
• Forum: Europe

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[Hafar1014]

Why does the US still see Sweden through 1970s stereotypes?
Sweden has 45 billionaires, about 1.5 times more per capita than the US, which is often said to be enjoying a new gilded age. The richest American ever was John D Rockefeller in around 1910, when his fortune surpassed 1.5 per cent of GDP. No American is close to that mark today. The land of latter-day Rockefellers is Sweden, with seven magnates whose wealth as a share of their nation’s GDP exceeds that of Rockefeller at his peak.

Sweden: a socialist paradise overflowing with billionaires

The country is generating the kind of wealth that raises the risk of an anti-capitalist revolt Read more at The Business Times.

www.businesstimes.com.sg

The rise of Sweden's super rich

Why the Nordic nation, despite its reputation for social equality, has so many billionaires.

www.bbc.com

Sweden is EU’s most innovative country

Thats because they have small populations per capital means nothing and its old money. The average person in those countries has zero chance to make a million dollars.

 

[Litwin]

Thats because they have small populations per capital means nothing and its old money. The average person in those countries has zero chance to make a million dollars.

Not really, Sweden is EU’s most innovative country (2nd globally) and has the best capital markets in Europe, had 500 IPOs the last decade, more than France, Germany and Italy combined. Stockholm is second in tech unicorns per capita after Silicon Valley.