Australia has a growing number of female billionaires. Where do we rank?

Australia has remained in the fifth spot globally for producing the highest number of female billionaires.

These wealthy women have total combined net worth of a whopping $60 billion, according to the latest study from City Index.

Swipe through to see the nations that some of the richest women on the planet call home.

Coming in the number 12th spot is Canada, with a total of six female billionaires.

Sherry Brydson remains the richest in the country, with a net worth of $9.9 billion .

Carole Anne Hilton pictured above, also is listed in the top earning women.

She has a net worth of $3.5 billion, and is known as an entrepreneur and business woman.

France is also ranked with Canada in 12th place - with the same number of billionaires.

Francoise Bettencourt-Meyer (pictured) is actually the richest woman on the planet.

Bettencourt-Meyers and her family is worth $123 billion.

She is the granddaughter of the founder of L'Oreal, remains the chairwoman of the company.

Sweden comes in at 10th for housing seven female billionaires. 

Antonia Johnson, aged 79, is worth $14.57 billion and gained her wealth from the family company Axel Johnson AB - which was founded by her great-grandfather in 1873.

Brazil comes in tied as number 10 for the country with the most female billionaires.

Ana Lucia de Mattos Barretto Villela (pictured) is the richest and youngest woman billionaire in the country worth $2 billion.

She is a member of one of the oldest banking families in the country, after her great-grandfather founded the bank Itau.

There are eight women billionaires across Switzerland, including Martullo-Blocher Magdalena.

The businesswoman is worth $10.3 billion and is the majority shareholder and executive vice chairman of the chemical company Ems-Chemie.

She has also dabbled in politics and was elected into Swiss Parliament as a national councillor in 2015.

Spain is also ranked in the number 8 spot, with an equal amount of billionaires.

Sandra Ortega Mera is among them, worth a whopping $10 billion.

She is the daughter of Amancio Ortega, co-founder of multinational clothing company Inditex.

There are nine female billionaires living in Hong Kong.

One of the richest women is Zhou Qunfei, who is worth $9.2 billion.

The Chinese entrepreneur founded Lens Technology, which is a smartphone screen supplier - which works with businesses such as LG and Samsung.

India also comes in at 5th for housing nine female billionaires. 

Savitri Jindal is one of these women who is worth $24.9 billion.

She is the richest woman in the country and is known as a businesswoman and politician.

Tying with Hong Kong and India, Australia also has the fifth-highest number of female billionaires.

This includes mining magnate Gina Reinhart, who is worth $43.17 billion and Canva co-founder Melanie Perkins, who is worth $3.62 billion.

Coming in at 4th place is Italy, with 16 female billionaires calling it home.

This includes Campari heiress Alessandra Garavoglia.

Garavoglia is worth $5.1 billion and pictured here is iconic designer Miuccia Prada, worth $7.7 billion.

Germany takes third place with 32 female billionaires.

Here's the country's richest woman Susanne Klatten, worth around $43.20 billion.

There is also the family of Francine von Finck who is worth $12.3 billion.

She is the daughter of late billionaire businessman August von Finck Jr.

China ranked second place, with 46 female billionaires.

Pictured here is Wu Yajun who is worth $13.2 billion and made her wealth through real estate.

Coming in the top spot is the United States.

The US has the highest number of female billionaires in the world with 92 in total, double that of China in second place with 46.

While the US might be home to some of the highest profile male billionaires, four out of the five richest women in the world, including Walmart heiress Alice Walton, also hail from the states.

Alice Walton, pictured above in the middle, is worth nearly $100 billion.