Who Owns The Most Gold? (2024)

Who Owns The Most Gold?

Indian Economy & Market|May 2023

The gold industry is thriving, as this yellow metal is highly coveted and usually appreciates over the long term. So, who are the individuals and families that own the most holdings of gold in the world? Secondly, how much gold is there in the world? However, there’s only a finite supply of gold in the world.

The World Gold Council reports an estimated 208,874 metric tons of gold mined worldwide. Even knowing that, it’s impossible to estimate how much gold in the world remains. While there is plenty, much of this physical gold is too deep to mine. Experts estimate that at a rate of 3,000 metric tons per year, the world’s currently accessible gold will have all been mined in less than 18 years unless new mines are discovered.

Private Owners

John Paulson is an American hedge fund manager and billionaire famous for having one of the world’s biggest privately owned gold reserves. He’s also well known for predicting the 2007 mortgage financial crisis and has made headlines for his mammoth-sized gold holdings through his firm, Paulson & Co. Stanley Druckenmiller is a legend in the investing world. Like John Paulson, he predicted in 2005 that the Federal Reserve would trigger a housing crisis and economic collapse. In 2015, he had more than $292 million in exposure to the SPDR Gold Trust.

Ray Dalio is another of the most famous gold buyers and owns one of the largest private gold reserves in the world. He’s the founder and co-chief investment officer of Bridgewater Associates, which manages $150 billion in assets. Eric Sprott, a Canadian, is another of the world’s most prominent investors in gold. He has invested vast amounts of money in precious metals, including gold mining and exploration companies like Labrador Gold, Benchmark Metals, Ethos Gold, and New Age Metals.