There are 47 balloons in the entire game.
Here's how to get them all!
Taj the Genie: Over the course of the game,
Taj will challenge you to 3 races (kart, hover, & plane)
each time you beat him he'll give you one balloon.
You now have a total of 3 balloons.
There are 4 balloons that you can collect on the island. The locations are:
On the ramp to world 1. You need it to access the first world.
Near Wizpig's face in the main area between the waterfalls slightly to
the left.
If you go to where the entrance to Sherbet Island and turn around towards
the main land you will see a log bridge slightly to your right. Fly over it and
immediately over it on the left behind two trees is the balloon.
Near balloon three is balloon four. This time instead of going to the log,
follow the cliff side along the water on the right, the balloon is a little above the water.
Now you have a total of 7 balloons.
There are 8 balloons in each world. You get one balloon per track normally and then once again in the silver coin challenge. For a total of 32 from the four worlds combined.
Now you have a total of 39 balloons.
When you go to Future Fun Land, you will once again race four tracks which will give you 4 balloons each, then you will race them again for the silver coins. Total balloons now = 47!
