These are the richest billionaires in 18 European countries - and this is how they made their money

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MONACO - NOVEMBER 19: (L-R) Prince Albert II of Monaco, Andrea Casiraghi, his daughter India,Tatiana Santo Domingo,Charlotte Casiraghi,Pierre Casiraghi and Beatrice Borromeo attend the Monaco National Day Celebrations in the Monaco Palace Courtyard on November 19, 2016 in Monaco, Monaco.

Pascal Le Segretain / Getty Images

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Europe's wealthiest individuals are a mixed group.

Some of them hold fortunes derived from centuries-old dynasties, while others are hard-nosed entrepreneurs who scrabbled up from humble backgrounds.

There are those in eastern Europe who made their money recently after the collapse of the Soviet Union, there are industrialists from Scandinavia with fortunes derived from old industry, and there are some in Western Europe with ancient royal connections.

Business Insider has used Forbes' rich list to determine the wealthiest individual in each European state, ranked from the least-wealthy upwards.

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In some countries, no residents made the Forbes list, and the countries were therefore not included in this ranking.

Mike Bird contributed to an earlier version of this post.