Credit Suisse. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). However, it has also fostered 23 billionaires as of this year. On the whole, the US had the highest representation of any country on the list, with six of its major metropolitan areas claiming spots within the top 20. wealth growth in North America outpaced that of Asia-Pacific for the first time since 2012. Hong Kong More than 200,000 residents of this Special Administrative Region of China - about 8.8% to be exact - are US dollar millionaires. China has had on-and-off Covid-19 outbreaks disrupting the supply chain and manufacturing, while Chinese heavyweight listings crashed amid concerns about regulation of tech companies and Beijings ties with Russia. The U.S. houses the largest amount of billionaires in the world and continues to dominate the rankings for the world's richest people. global citizen in the 21st century and how you can join the movement. See below for more comprehensive results. Scaling up this example to the true wealth of nations, we can see how the median wealth provides a more accurate picture of the typical adult, especially in societies that are less equal. It's surprising to see Guernsey in the third spot but since it has a tiny population and its sole billionaire Stephen Lansdownis enough to make the place one of the most densely populated nations for the ultra rich. The Nordic countries of Norway and Denmark can be found in the top ten for average wealth, but they drop to 12th place ($80,054) and 19th place ($60,999) respectively for median wealth. You may opt-out by, Counter-clockwise from top-left: India, Germany, U.S., China, Counter-clockwise from top-left: Ashwin Nagpal/Getty Images, George Pachantouris/Getty Images, Sylvain Sonnet/Getty Images, Alan Schein/Getty Images, Karsten May/Getty Images, Xiaoyang Liu/Getty Images, Waitforlight/Getty Images, Forbes' 36th Annual World's Billionaires List: Facts And Figures 2022, Where The Richest Live: The Cities With The Most Billionaires 2022, Billionaires 2022: These 4 Countries Got Their First Billionaire This Year, Forbes 36th Annual Worlds Billionaires List: Facts And Figures 2022, Trumps Net Worth Has Jumped An Estimated $600 Million Since He Left Office, How MacKenzie Scott Has Given Away BillionsAnd Is Still One Of The Worlds Richest Women, The Wealthiest Person In Crypto Climbs Into Worlds 20 Richest. The U.S. scores highly on all three and its millionaire population is continuing to expand, growing by 675,000 since 2018. In its Global Wealth Report last October, Credit Suisse analysis found this trend was particularly prevalent following the financial crisis, as the Chinese and Indian economies grew at super-normal rates. The Netherlands was the only new entrant into the top 10, swapping places from 10th to 11th with Australia. Not only did more Americans enter the elite ranks of the high-net-worth (HNW) population in 2021, but the rich got richer, with their net worths increasing by about 14%. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. These 15 countries have the highest number of millionaires Along with the U.S., Japan, Germany, China, France, the United Kingdom, and Switzerland, respectively, rounded out the top seven countries with the highest HNW populations. Singapore is one of the wealthiest countries with aper capita GDP higher than that of most developed countries. Chart. 3. These places tend to create a domestic base of entrepreneurs and also attract talent and capital more broadly, thus acting as a hub, he said. However, due to Iceland's small population, Iceland makes number 8 in the list. Heres a list of countries with the highest number of US dollar millionaires per capita and it may surprise you. Qatar also benefits from substantial oil exporting and is working to diversify its economy into other sectors like tourism and with its world-leading Qatar Airways. Terms & Conditions. Total population: 5.1 million, according to the Australian Bureau of Statistics (last reported in 2021). Not every countrys ultra-rich set is worse off this year, however. to incorporate the statistic into your presentation at any time. Beyond its storied tradition as a banking haven and stable economy, Switzerland offers a unique taxation opportunity for those that live there. Atomic City, USA: how once-secret Los Alamos became a millionaire's This growing inequality gap knocks the country down to 18th place for median wealth. To use individual functions (e.g., mark statistics as favourites, set Shutterstock/RossHelen The number of millionaires increased by 12% between 2013 and 2018, according to the 2019 Knight Frank. statistic alerts) please log in with your personal account. This gives it a slight advantage over second place Florida, which excels in quality of life and affordability, but falls further behind in terms of health care. Its free. Show publisher information "American States with Highest Ratio of Millionaire Households per Capita in 2020. The G7 nations, plus China and Switzerland, make up nine of the 10 countries with the most millionaires in the world (see chart below) and experts say their domination as global centers of wealth is only going to get stronger. In fact, the data shows that both nations top the lists for both mean and median wealth. Although the Southeastern state does not excel in any one dimension, it scores consistently well across all three to create a very balanced retirement profile. Mapped: The State of Democracy Around the World, Mapped: The Largest 15 U.S. Cities by GDP, Visualized: The Most (and Least) Expensive Cities to Live In, Mapped: The Population of Indias States Compared with Countries, Charted: 30 Years of Central Bank Gold Demand, Visualizing U.S. With 107 billionaire residents . Available: https://www.statista.com/statistics/262687/countries-with-the-highest-rate-of-millionaires/, Countries with the highest proportion of millionaires in 2021, Immediate access to statistics, forecasts & reports, Number of people with wealth over one million U.S dollars 2021, by country, Countries with the highest millionaire rate in 2021, Ultra high net worth individuals: population of global 1 percent 2021, by country, Number of millionaire households U.S. 2006-2020, U.S. high net worth individuals 2008-2021, North America wealth of high net worth individuals 2008-2021, Asset allocation of high net worth individuals in North America 2021, U.S. distribution of assets by category and wealth percentile Q1 2021, Share of households who are millionaires by state U.S. 2020, Number of households who are millionaires. List of countries by number of millionaires - Wikipedia What is the most important aspect of retirement planning? So where you can do to fit in if you have a big suitcase of money? He founded theTrendy International Group of Guangzhou in China, which countsLVMH's financial vehicle L Capital as an investor. The island nation boasts 19 billionaires, many of whom made their fortunes through real estate and banking, such asproperty tycoons Robert and Philip Ng with a net worth of $8.6 billion (5.5 billion). Ratio of millionaire households per capita. bank this year as Amazon's share price surged. Approved Index, a UK-based business-networking group, crunched the numbers from Forbes' 2015 billionaire list using this week's data and found that the most billionaire-dense nations across the world are pretty surprising. The Godfather of A.I. just quit Google and says he regrets his lifes work because it can be hard to stop bad actors Fauci says the general public somehow didnt get his messaging that the vulnerable are really, really heavily An upstate New York school may keep its Native American logo and Warriors nicknamebecause the local Seneca tribe is CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. At a respective 285,000 and 205,400, San . Their census has calculated the top 10 countries with the most billionaires per capita, which are as follows: 10. India, the country with the third most billionaires, added 26 people to the three-comma club this year. In the second group, this gap climbs to $495, and the median wealth drops sharply to only $30. In, Kiplinger. As a Premium user you get access to background information and details about the release of this statistic. Top 5 countries with the most millionaires per capita And yet Los Alamos has more millionaires per capita than almost anywhere else in the country. 2. The number of U.S. millionaires increased by about 13.5% last year. The States With The Most Billionaires 2020 - Forbes Total population:791,000, according to World Population Review. [Online]. I'm trying to figure out how we compare to other cities across the country when it comes to homeless populations per capita. Profit from the additional features of your individual account. California and New York are the top two U.S. states with the most billionaires, each claiming more than 100 billionaire residents. Germany and China in third and fourth saw their HNWI numbers rise by 9% and 11% to 1.47 million and 1.32 million, respectively. President Vladmimir Putins invasion of Ukraineand the swift backlash of the international communitysent Russian markets into a freefall in February. However, thats where the similarities end. The G7 nations, plus China and Switzerland, make up nine of the 10 countries with the most millionaires in the world (see chart below) and experts say their domination as global centers of wealth. Overall, North America had the highest increase in terms of both HNW population and wealth growthhelping the market clinch the top slot for the greatest concentration of wealthy individuals. New Jersey. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Are you a single adult who lives alone? 3 University Park, Texas Brooks Kraft // Getty Images Leading billionaire cities 2023 | Statista San Francisco had the. But one country stands out on the list: Sweden (No. "Countries with the highest proportion of millionaires in 2021." highly developed and successful free-market economy and is corruption-free. Setting aside exchange rate movements, aggregate global wealth grew by 12.7% in 2021, which is the fastest an . Norway is rich with natural resources and has a vibrant private sector, so it's little wonder how it managed to carve out 10 billionaires. Learn more about how Statista can support your business. Ranked: The Largest Bond Markets in the World. Founder of Nomad Capitalist and the worlds most sought-after expert on global citizenship. So it's surprising that it counts only three people as billionaires as its residents. California had the most millionaires in total 885,000 but it ranked 10th in terms of per capita. But have you ever thought about where the best place is to retire? $212,375. Flat Tax Regime in Greece: The Ultimate Guide for Foreigners, How to Get a French Residence Permit: The Ultimate Guide, How to Get Colombian Residency and Citizenship in 2023, How to Get Chile Residency: The Ultimate Guide. Total population:2.7 million, according to the US Census Bureau. Which Country Has the Most Millionaires? - WorldAtlas As a Premium user you get access to the detailed source references and background information about this statistic. Across North America, the HNW population grew by 13.2%. For example, if you believe that health services will be very important during retirement, you may rank Minnesota (#1 in terms of health care) much higher than eighth place. The thirteenth edition of the Global Wealth Report shows continued wealth growth across all regions led by North America and China. The growth was mostly spurred by investments in the stock market, with a particular focus on the technology sector. This industry has 371 billionaires that work within it, not to mention millionaires. Germany . currently looking to buy out the embattled Plus500 trading firm. Privacy Policy and Cookie PolicyNomad Capitalist and Go Where Youre Treated Best are registered trademarks. Its richest person is fine art dealerDavid Nahmad with a net worth of $1.85 billion (1.2 billion). Germany 1,199,000 The eurozone's largest economy also has the most millionaires in Europe. Lansdown is worth $2.1 billion (1.3 billion) after co-founding British financial-services firm Hargreaves Lansdown. Size isnt everything either, Antonucci added, pointing out that the Netherlands completes the top 10, with Australia in 11th. Total population:1.83 million, according to the Zurich Department of Mayor (last reported in 2011). New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. Opinions expressed by Forbes Contributors are their own. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Which Countries Have the Most Wealth Per Capita? The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. In 2014 it was the world's biggest capital exporter, with a trade surplus of $285 billion. Chart: The Countries With The Most Millionaires | Statista The continent's largest economy also has the most numbers of millionaires in Europe. 15 Wild Facts About Monaco, Where 32% of Residents Are Millionaires There are 34 fewer Russian billionaires this year, as share prices cratered, the ruble plummeted in value and sanctions hit Russian oligarchs assets. When it comes to wealth per capita, its clear that Australia and Switzerland lead the pack. [1][dubious discuss], * indicates links to articles on the economy of the country or territory. The US dominates the list with a total of 6 cities in the top 20. Iceland used to have 6 billionaires on its shores before the financial crisis and now it is down to 1 - investorThor Bjorgolfsson. Offers may be subject to change without notice. Now there's a new number one. Please do not hesitate to contact me. No single Swede comes close to the epic wealth of a Bill Gates or a Warren Buffett.
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