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. Across the world, Abu Dhabi and Dubai appear to have some of the fastest growing populations of millionaires, according to the report. He has a net worth of $3.5 billion (2.2 billion) and Forbes says: "Great Britain is his playground." 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. However, due to Iceland's small population, Iceland makes number 8 in the list. Despite this difference, these countries also provide a strong safety netincluding access to healthcare and educationto more vulnerable citizens. The number of U.S. millionaires increased by about 13.5% last year. In North America, 32% of millionaires total investments is in stocks, compared to just 29% of the global average. There were 587,000 new millionaires created in the U.S. last year, more than double the number that joined the ranks in Japan, the country with the second most high net worth individuals (HNWI). US States With The Most Millionaires Per Capita - WorldAtlas The 20 Richest Countries in Europe - Money Inc The biggest reason for the drop? He and his family are worth $4.5 billion (2.8 billion). In the only other moves, Kuwait leapfrogged Saudi Arabia from 16th to 17th, with Sweden the biggest riser, jumping two places to 23rd, ahead of Thailand, up two to 24th and Indonesia, down two to 25th. Chart: The Countries With The Most Millionaires | Statista A show of the countrys growing economy and influence, that percentage has been increasing. May 28, 2020. According to the Boston Consulting Group, the United States leads the pack with around 7,085,000 households being millionaires in 2017. It's richest resident is Li Ka-Shing, the self-made billionaire worth $33.5 billion (22.3 billion). 5. The total net worth of all millionaires stood at around $158.261 trillion. Despite having roughly 1.4 billion people, China comes a distant second with only about 5.28 million millionaires. Monaco is home to 12,261 millionaires in less than one square mile. 2023 Fortune Media IP Limited. However, the companys findings suggest rather than merely resulting in short-term fluctuations, asset prices actually surpassed GDP growth as the key driver of global wealth from 2015. You need at least a Starter Account to use this feature. Currently, you are using a shared account. With 539 billionaires down 87 since last year with a collective nearly $2 trillion, China is still the country with the second-most billionaires. List of countries by number of billionaires, List of countries by number of millionaires, List of countries by share of income of the richest one percent, "The 15 top countries for billionaires, ranked by how many live there", "Hurun Report - Info - Hurun Global Rich List 2022", https://en.wikipedia.org/w/index.php?title=List_of_countries_by_number_of_billionaires&oldid=1149285975, This page was last edited on 11 April 2023, at 08:25. The size of the countries economies and the ease of doing business there will continue to draw in the top entrepreneurial talent from around the globe. Email reporterAlicia Adamczyk to share your story for a future article. N ew York City has taken back its crown. Based on this piece from last Summer, there were 1,479 homeless people being sheltered in Portland, over 500 who were "local homeless" (ie, not asylum seekers) ().This puts Portland at about 730 homeless persons per 100k residents, assuming the 500 number is correct and . Japan came third with 3.03 million and 187,000 newcomers. Phoenix . Founder of Nomad Capitalist and the worlds most sought-after expert on global citizenship. This same factor will likely keep North America ahead this year, as U.S. equities have rebounded strongly from the March lows when coronavirus ravaged stock markets. 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%. Where The Richest Live: The Cities With The Most Billionaires 2022 - Forbes 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. Capgemini estimates that as of the end of April, global wealth among HNW individuals had already declined about 4% from 2021 levels. American states with highest ratio of millionaire households per capita in 2020. I'm trying to figure out how we compare to other cities across the country when it comes to homeless populations per capita. Some of Chinas biggest losers include former chairman of Pinduoduo Colin Huang, chair of internet giant Tencent Holdings Ma Huateng and Jack Ma of Alibaba. 2 . Show publisher information With 107 billionaire residents . 15 Wild Facts About Monaco, Where 32% of Residents Are Millionaires Lets see how this shakes out when ranking the worlds most affluent countries. That includes everything from cash, checking, and savings accounts to investments in stocks, government bonds, and mutual funds. That pace of growth is higher than the additions in the next nine . Terms & Conditions. This statistic is not included in your account. Learn more about how Statista can support your business. If you said the United States, youd be wrong. Ghanem said this is borne out by data from its World Wealth Reports of recent years. Our flagship service for entrepreneurs and investors, Use our decades of experience to invest in foreign real estate, Claim a second passport based on familial connections, Click here to see all our products and services, Discover the worlds best passports to have in an ever-changing world, Discover the worlds best beaches on the basis of available services, Explore the citizenship options using our interactive citizenship map, Click here to see all of our research and interactive tools. 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. 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. The largest economic sectors in California are agriculture, media, tourism, and technology. 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. ", Credit Suisse, Countries with the highest proportion of millionaires in 2021 Statista, https://www.statista.com/statistics/262687/countries-with-the-highest-rate-of-millionaires/ (last visited May 02, 2023), Countries with the highest proportion of millionaires in 2021 [Graph], Credit Suisse, September 1, 2022. Denmark. Powered and implemented by Interactive Data Managed Solutions. According to estimates, in the middle of 2021 there were 56 million people worldwide whose assets exceeded one million dollars, of whom nearly 40% lived in the United States. Based on the evidence since the financial crisis, secular global wealth growth appears to be closely aligned with global GDP growth. Dont limit yourself; let Nomad Capitalists unbiased approach help you find the best option. Jeff Bezoss $13 billion one day gain this week underlined the U.S.s status as the worlds center of wealth, but its not just him getting richer. Getting ready for retirement? 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Total population:7.4 million, according to World Bank. Number of billionaires: 19 Population: 5,469,700 Population per one billionaires: 287,879 Singapore is one of the wealthiest countries with a per capita GDP higher than that of most. See below for more comprehensive results. Since it is dependent on international trade and finance, Hong Kong has become one of the most prominent financial centres in the world. This is a list of U.S. states and federal district by the number of billionaires as of 15 Sep 2020; the total of 642 billionaires includes 19 people whose state of residence is unknown at 15 Sep 2020, most of whom hold dual U.S. citizenship. 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. All Rights Reserved. Tokyo came in second place with 290,300 people whose investments and assets top $1 million while London fell from first to fourth place with 258,000. This includesSwedish video game programmer and designerMarkus Alexej Persson who founded the Mojang video game company which made the insanely popular Minecraft video game. The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. Show publisher information "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}, List of countries by number of millionaires, Regions by number and percentage of millionaires, Countries by number and percentage of millionaires, List of countries by number of billionaires, List of countries by share of income of the richest one percent, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_number_of_millionaires&oldid=1148270893, This page was last edited on 5 April 2023, at 03:47. Forbes Knight Frank's Wealth Report Hurun Global Rich List Three of them are billionaires. Japan, with a population of about 126 million, has roughly 3.66 million millionaires. 9.44 %. Fortune wants to hear how inflation is affecting your budget. Here is a full ranking of the top 20 countries by mean and median wealth: The United States boasts 41% of the worlds millionaires, but its clear that the fruits of labor are enjoyed by only a select groupaverage wealth ($403,974) is almost seven times higher than median wealth ($61,667). Several cities across the US are quickly catching up to the Big Apple, though, due in part to New York losing 12% of its wealthiest denizens over the first half of 2022. The Future of 5G: Comparing 3 Generations of Wireless Technology. There is no reason to expect that comparable conditions will occur in the near future.. Not every countrys ultra-rich set is worse off this year, however. highly developed and successful free-market economy and is corruption-free. Japan has more millionaires per capita than any other country in the world. I write about wealth, the wealthy and investment. Are you interested in testing our business solutions? 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). Christos Lazari is worth $2.2 billion (1.4 billion) and is a self-made billionaire from London property investments. 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. Quintet Private Bank chief economist Daniele Antonucci said from property rights to the rule of law, capital availability, efficient public administration and taxation systems, and flexible labor markets, these countries lead the way in creating an overall environment that fosters entrepreneurship. Total population:4.4 million, according to Australian Bureau of Statistics (last reported in 2011). In fact, the data shows that both nations top the lists for both mean and median wealth. When it comes to wealth per capita, its clear that Australia and Switzerland lead the pack. The Swiss franc currency has been on quite a roll in recent years, too, remaining a top safe haven currency in Europe. List of countries by number of billionaires - Wikipedia Bjorgolfsson is worth around $1.28 billion (817 million). Thanks to said oil riches, residents pay zero income tax and very few other taxes. If you are an admin, please authenticate by logging in again. After a $13 billion (8.3 billion) bailout, a raft of a capital controls, and unemployment rising to 16%, Cyprus has struggled to grow again. Share to Linkedin. 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. In 2007, he sold it to Merck for $9 billion (5.7 billion). Setting aside exchange rate movements, aggregate global wealth grew by 12.7% in 2021, which is the fastest an . However, both nations also have the highest absolute household debt-to-GDP ratios in the world: in 2018, Switzerlands levels reached nearly 129%, while Australia followed behind at 120%. Size isnt everything either, Antonucci added, pointing out that the Netherlands completes the top 10, with Australia in 11th. $60,999. The Czech Republic (or Czechia, as its known to its inhabitants) is a landlocked country situated smack bang in the middle of Europe. Are you a single adult who lives alone? By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. It ranks lower in the list though when looking at the number of billionaires per proportion of the population. Total population: 5.1 million, according to the Australian Bureau of Statistics (last reported in 2021). Sweden is famed for its high standards of living as well as itsmixed system of high-tech capitalism and extensive welfare benefits. Please do not hesitate to contact me. 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. Top 5 countries with the most millionaires per capita Instant city The city has always been unique. Which of these most millionaires countries would you prefer to live in? Concentration of millionaires: 4.87% Rank: 46 (Unchanged from last year) Median income for all households: $49,861 Median home value: $147,900 Alabama is another state where you don't need a. Please do not hesitate to contact me. 3. The United States boasts 41% of the world's millionaires, but it's clear that the fruits of labor are enjoyed by only a select groupaverage wealth ($403,974) is almost seven times higher than median wealth ($61,667). The millionaires in the state account for approximately 7.75% of the population. Countries Ranked by Billionaires in Proportion to Population Which Countries Have the Most Wealth Per Capita? Some argue, for example, that calculating the mean doesnt factor in the gap between the richest and poorest in a populationalso known as wealth inequality. The number of US millionaires is surging. Here are 7 countries with the Altogether, Americas billionaires are worth $4.7 trillion, up from $4.4 trillion on last years list. To use individual functions (e.g., mark statistics as favourites, set While the economy here is almost entirely based on oil exports, the government is investing a tidy sum in diversifying it into other areas to continue their success. Total global wealth grew by 9.8% and wealth per adult reached USD 87,489. Privacy Policy and Cookie PolicyNomad Capitalist and Go Where Youre Treated Best are registered trademarks. This is mainly becausethe geographically small country has a relatively open economy with crude oil reserves of about 102 billion barrels, according to Forbes. Asset price inflation and/or U.S. dollar depreciation can temporarily flatter the wealth growth figures, but cannot alter the longer-term trends. In, Credit Suisse. Entrepreneurialism can thrive in any economic conditions, but some studies have shown that wealth growth is most closely aligned with GDP growth. WalletHub ranked each state using 47 metrics across three dimensions. This U.S. City Is the Richest On Earth (Here Are the Top 10) Beyond its storied tradition as a banking haven and stable economy, Switzerland offers a unique taxation opportunity for those that live there. Connecticut The 5,567 square mile state of Connecticut ranked third in the US in the number of millionaires per capita. 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. KuwaitThanks to its significant oil reserves, 11.8% of Kuwaitis are US-dollar millionaires. 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. All rights reserved. High inflation since the start of 2022 and talk about interest rate hikes from central banks have spurred stock market corrections that are accelerating, the researchers write. The US dominates the list with a total of 6 cities in the top 20. As a Premium user you get access to background information and details about the release of this statistic. The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. San Francisco had the highest number of billionaires of any city on the list. 2. India, the country with the third most billionaires, added 26 people to the three-comma club this year. Its important to remember that this ranking is purely based on data and the methodology above, and may not be tailored to your individual preferences. Total population:2.7 million, according to the US Census Bureau. Total population:5.6 million, according to World Bank. Countries with the highest proportion of millionaires in 2021 [Graph]. 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. Lansdown is worth $2.1 billion (1.3 billion) after co-founding British financial-services firm Hargreaves Lansdown. Capgeminis agreed to a point in its World Wealth Report 2020 this month. Learn how our legal, holistic approach can help you. And with roughly 40 million residents, it's also the most populous state in the country. 10 Richest States in USA 2022 - Wealthiest States in America - Veranda 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. 3. Leading billionaire cities 2023 | Statista If youre a successful business owner or investor, you may be tired of getting hit with higher taxes and scorn from your home country. Third-placed Colorado is a mirror of Florida, offering excellent health care but a lower quality of life in comparison. To help break it down, weve visualized data from personal finance platform, WalletHub, which ranked the best U.S. states for retirement as of 2023. Total population:1.83 million, according to the Zurich Department of Mayor (last reported in 2011). In 2019 the median home value was more than $2,000,000now, in 2022, Zillow reports that the typical home value in the California city is a whopping $4,150,436. Taxes are largely levied by cantons and some offer flat rates. 9.72 %. [1][dubious discuss], * indicates links to articles on the economy of the country or territory. With 4.45 million individuals, China has the second highest millionaire population and it grew by 158,000 since 2018. And four countries that did not have a billionaire last year now have at least one citizen on the Forbes list: Uruguay, Estonia, Bulgaria and Barbados, which now has one very famous face. 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. ", Kiplinger, American states with highest ratio of millionaire households per capita in 2020 Statista, https://www.statista.com/statistics/294941/largest-ratio-millionaire-households-per-capita-us/ (last visited May 02, 2023), American states with highest ratio of millionaire households per capita in 2020 [Graph], Kiplinger, May 28, 2020. Total population: Approximately 200,000, according to United Nations (last reported in 2017). #20. San Francisco had the. 25 Richest Cities in the US 2022 - Wealthiest Cities in America - Veranda And yet Los Alamos has more millionaires per capita than almost anywhere else in the country. In this article on Chile residency we discuss the benefits of Chilean residency and the process of Nomad Capitalist has helped 1,000+ high-net-worth clients grow and protect their wealth safe from high taxes and greedy governments. Use Ask Statista Research Service, Most affluent women worldwide 2022, by net worth, U.S. wealth distribution 1990-2022, by income percentile, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. The ranks of rich Americans continued to swell last yearand the economic recovery from the pandemic certainly helped the rich continue to get richer. See the full list of the top 20 millionaire metropolises and megalopolises below. The combination of higher asset ownership and that ability to lure the top entrepreneurial talent looks set to reinforce the status quo of the countries with the most millionaires. However, it has also fostered 23 billionaires as of this year. "American States with Highest Ratio of Millionaire Households per Capita in 2020. per capita GDP at$54,800 (34,988). by state U.S. 2020, U.S. states with highest ratio of millionaire households per capita 2020, U.S. metropolitan areas with the highest share of millionaire households 2020, Richest self-made women in the United States 2022, based on net worth, Distribution of UHNW individuals by gender U.S. 2019, Share of U.S. families who are millionaires 2016, by ethnicity, U.S. Distribution of billionaires 2022, by gender, States with the most billionaires in the U.S. 2022, Combined value of billionaire wealth in the United States 2020-2022, Opinion of U.S. adults on whether billionaires are a good or bad thing 2021, by age, Opinion of U.S. adults on whether billionaires should pay a wealth tax by party 2020, Ultra high net worth individuals 2021, by country, Share of the world's billionaires by region 2021, Global fastest growing markets for centi-millionaires 2022-2032, Cities with the highest number of UHNW individuals worldwide 2020, Youngest billionaires globally 2022, by net worth, Value added to the wealth of the world's leading billionaires during pandemic 2021, Leading countries with the most millionaire households 2013, U.S. states with lowest ratio of millionaire households per capita 2019, Average AGI of the 400 highest earning Americans 2000-2009, by source of income, Countries with the most millionaires 2018-2019, Global per capita net financial worth in 2007, by wealth category, Italy: number of super-rich individuals 2016, Average AGI of very high-income taxpayers in the U.S. 2000-2009, by source of income, Number of millionaires Australia 2015-2025, Most popular wearable devices among ultra high net worth households in India 2016, Number of millionaires in Poland 2008-2019, Share of inflows of HNWIs Australia 2016 by city, Ultra high net worth households in India 2010-2016, Number of millionaires in China by geographic region 2015, Number of centa-millionaires in Taiwan 2006-2026, Number of centa-millionaires Singapore 2006-2026, Number of centa-millionaires Pakistan 2006-2026, Liabilities & investment distribution in Russian private banks 2017-2019, Investments of high-net-worth individuals, Find your information in our database containing over 20,000 reports. Clockwise from top-left: India, Germany, U.S., China, This is a BETA experience. You have Microsoft founder Bill Gates who tops the overall wealthiest people in the world list with a net worth of $79.4 billion (50.9 billion) and legendary investor Warren Buffett with $67.3 billion (43.2 billion) at third. The finance and investments industry produces the highest number of millionaires. This industry has 371 billionaires that work within it, not to mention millionaires. to incorporate the statistic into your presentation at any time. Copyright 2012-2023, Nomad Capitalist Limited. Then you can access your favorite statistics via the star in the header. Then you can access your favorite statistics via the star in the header. wealth growth in North America outpaced that of Asia-Pacific for the first time since 2012. Daniel and Richard Tsai are the richest men in the country, with a net worth of $10 billion (6.4 billion), after assuming leadership of financial services giant Fubon Financial. The top five industries for producing millionaires are: Finance and Investments Technology Manufacturing Fashion and Retail Healthcare 1. In order to be considered HNW, individuals must have a net worth of more than $1 million, excluding their primary residence, as well as assets like collectibles and cars. Confiscatory tax rates, along with double taxation, are prohibited by the constitution. There are a record 735 billionaires in the U.S., which remains the leading country for billionaires. Daniel and Richard Tsai are the richest men in the country, with a net worth of $10 billion (6.4 billion), after assuming leadership of financial services giant Fubon Financial. 3. Total population:9.7 million, according to Seoul Solution. California had the most millionaires in total 885,000 but it ranked 10th in terms of per capita. Profit from the additional features of your individual account. Profit from the additional features of your individual account. 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. So it's surprising that it counts only three people as billionaires as its residents. 3 University Park, Texas Brooks Kraft // Getty Images