which country has the most millionaires per capita?

Norway Total number of billionaires: 15 Billionaires per million people: 2.9. See which states score the highest in terms of affordability, quality of life, and health care. The US dominates the list with a total of 6 cities in the top 20. This creates new wealth, adding to the ranks of the existing asset-rich HNWIs there. 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 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. The U.S. houses the largest amount of billionaires in the world and continues to dominate the rankings for the world's richest people. According to estimates, in the middle of 2021 there were 56million people worldwide whose assets exceeded one million dollars, of whom nearly 40% lived in the United States. The continent's largest economy also has the most numbers of millionaires in Europe. "Countries with the highest proportion of millionaires in 2021." Total population: 2.3 million, according to the United States Census Bureau. Singapore is one of the wealthiest countries with aper capita GDP higher than that of most developed countries. Total population:791,000, according to World Population Review. Total population:23 million, according to National Bureau of Statistics of People's Republic of China (last reported in 2010). According to the Boston Consulting Group, the United States leads the pack with around 7,085,000 households being millionaires in 2017. The Golden State boasts the largest economy in the U.S., with a gross state product of about $3 trillion. A recent study has ranked Fredericksburg as the top Texas city for millionaires per capita, which might not be a surprise to those familiar with the area's high-class homes and amenities. Between the skyscrapers and bright lights, it seems like millionaires just can't pull themselves away from allure of the concrete jungle. Kuwait is the fifth richest country in the world, as measured by GDP per capita, with $70,914 per person. Founder of Nomad Capitalist and the worlds most sought-after expert on global citizenship. currently looking to buy out the embattled Plus500 trading firm. Oil wealth is evident in the country, as youd think they had invented the uber-luxury shopping mall just by walking around Doha. In, Kiplinger. Chart: The Countries With The Most Millionaires | Statista The growth was mostly spurred by investments in the stock market, with a particular focus on the technology sector. This is mainly becausethe geographically small country has a relatively open economy with crude oil reserves of about 102 billion barrels, according to Forbes. President Vladmimir Putins invasion of Ukraineand the swift backlash of the international communitysent Russian markets into a freefall in February. He and his family are worth $4.5 billion (2.8 billion). Across the world, Abu Dhabi and Dubai appear to have some of the fastest growing populations of millionaires, according to the report. Clockwise from top-left: India, Germany, U.S., China, This is a BETA experience. $60,999. Offers may be subject to change without notice. American states with highest ratio of millionaire households per capita in 2020 [Graph]. 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. However, due to Iceland's small population, Iceland makes number 8 in the list. 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. 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. ", 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. Germany 1,199,000 The eurozone's largest economy also has the most millionaires in Europe. Monaco is the playground of the super-rich due to its tax haven status and small and exclusive population that live in enviable climates and a seriously high standard of living. The final scores (visualized as the bars in the infographic above) represent each states weighted average across all metrics. N ew York City has taken back its crown. Texas had the second highest number, with 566,000, followed by New York with 465,000. 10 Richest States in USA 2022 - Wealthiest States in America - Veranda The millionaires in the state account for approximately 7.75% of the population. Then you can access your favorite statistics via the star in the header. There are 34 fewer Russian billionaires this year, as share prices cratered, the ruble plummeted in value and sanctions hit Russian oligarchs assets. Where are Clean Energy Technologies Manufactured? 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. However, it has also fostered 23 billionaires as of this year. 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. Sweden is famed for its high standards of living as well as itsmixed system of high-tech capitalism and extensive welfare benefits. Looking at Minnesota once more, we can see that the state is also one of Americas most expensive. 3 University Park, Texas Brooks Kraft // Getty Images 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. Its capital and largest city, Prague, boasts a population of 1.3 million, while other major cities include Brno, Ostrava and the beer- capital of Europe, Pilsen. Please do not hesitate to contact me. Top 10 countries by the number of billionaires per capita 2013 African cities with the most billionaires, as of 2014 Educational attainment of billionaires worldwide, 2013 The thirteenth edition of the Global Wealth Report shows continued wealth growth across all regions led by North America and China. Weve advised our clients on more than 100 citizenship options, from often-overlooked ancestry programs, to fast-tracked investment options, and even exclusive programs for HNWIs. Where The Richest Live: The Cities With The Most Billionaires 2022 - Forbes As a Premium user you get access to background information and details about the release of this statistic. If you said the United States, youd be wrong. Which Countries are Buying Russian Fossil Fuels? In fact, the data shows that both nations top the lists for both mean and median wealth. Total population:6.7 million, according to Government of Canada 2021 Census report. 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. Confiscatory tax rates, along with double taxation, are prohibited by the constitution. Heres a list of countries with the highest number of US dollar millionaires per capita and it may surprise you. However, while nations like China may house some of the world's richest people, with 400 billionaires, it doesn't actually have the highest number of billionaires in proportion to the population. Lebanon has a free-market economy and now houses seven billionaires, including telecoms magnate and former Prime MinisterNajib Mikati. Ghanem said this is borne out by data from its World Wealth Reports of recent years. PlayTech is currently looking to buy out the embattled Plus500 trading firm. The 25 countries with the highest HNWI populations. Total population:37.3 million, according to World Population Review. United States Andrew Burton/Getty Images The US has 724 billionaires, led by Elon Musk, the CEO. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Hong KongMore than 200,000 residents of this Special Administrative Region of China about 8.8% to be exact are US dollar millionaires. But Capgemini warns that while 2021 was a strong growth year, 2022 could see different trends. wealth growth in North America outpaced that of Asia-Pacific for the first time since 2012. September 1, 2022. While Singapores tax scheme is a bit less liberal than that of Hong Kong, it is also territorial in nature. 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. So where you can do to fit in if you have a big suitcase of money? Check out this graphic on the top 25 countries to retire in. The Swiss franc currency has been on quite a roll in recent years, too, remaining a top safe haven currency in Europe. Total population: 19.6 million, according to National Bureau of Statistics of China (last reported in 2010). The population ratio is based on 1 Jul 2019 U.S. Census Bureau data. Another country shedding billionaires: Russia. The 20 Richest Countries in Europe - Money Inc Credit Suisse. Atomic City, USA: how once-secret Los Alamos became a millionaire's The median wealth for this group reaches $100, which is close to the average value. How Much Student Debt Does Each State Hold? Opinions expressed by Forbes Contributors are their own. San Francisco had the highest number of billionaires of any city on the list. In North America, 32% of millionaires total investments is in stocks, compared to just 29% of the global average. Learn more about how Statista can support your business. 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). 12, 14 billionaires, population 9.56 million). 2. From this perspective, the golden age at the start of the century was probably due to a favorable combination of factors, most especially the rapid transformation of China from an emerging nation in transition to a fully-fledged market economy, Credit Suisse said. In 2014, it was the . 33 Incredible Millionaire Statistics [2023]: 8.8% Of US Adults Are In, Credit Suisse. I'm trying to figure out how we compare to other cities across the country when it comes to homeless populations per capita. Beyond its storied tradition as a banking haven and stable economy, Switzerland offers a unique taxation opportunity for those that live there. Itis the world's third-largest natural gas exporter and seventh largest oil exporter. (September 1, 2022). Well send our best articles, videos, and exclusive content right to your inbox. Characteristic. At a respective 285,000 and 205,400, San . Despite having roughly 1.4 billion people, China comes a distant second with only about 5.28 million millionaires. Statista. Singapores status as a low-tax destination, home of clean air and low crime, and hub for finance in growing Southeast Asia has made it a top spot for wealthy individuals and entrepreneurs. 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. American states with highest ratio of millionaire households per capita in 2020. Concentration of millionaires: 7.2% Median income for all households: $63,032 (U.S.: $61,937) Median home value: $231,100 (U.S.: $229,700) The Hudson, New York, micro area has emerged as an. Top 5 countries with the most millionaires per capita Which of these most millionaires countries would you prefer to live in? Email reporterAlicia Adamczyk to share your story for a future article. This two-island country in the West Indies wereamong the first islands in the Caribbean to be settled by Europeans. Japan came third with 3.03 million and 187,000 newcomers. This is a list of countries by the number of millionaires by net worth (in United States dollars) based on an annual assessment of wealth and assets compiled and published by the Swiss bank Credit Suisse.
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