which country has the most millionaires per capita?

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. Profit from the additional features of your individual account. Eight of the 10 richest people in the world are American, led by the worlds number one richest, Elon Musk, whos worth an estimated $219 billion. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. per capita GDP higher than that of most developed countries. mixed system of high-tech capitalism and extensive welfare benefits. You only have access to basic statistics. Countries With The Most Millionaires. I'm trying to figure out how we compare to other cities across the country when it comes to homeless populations per capita. 9.44 %. Germany . 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. Learn more about how Statista can support your business. 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. 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. According to this methodology, Virginia is currently the best state for retirement. See which states score the highest in terms of affordability, quality of life, and health care. ", 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. The San Francisco area, which came in second, saw its billionaire index increase 4% over that time frame, according to data collected by the intelligence firm New World Wealth. While China is growing more millionaires than any other country, Hong Kong has some of the most millionaires per capita 5. Entrepreneurialism can be found in many places, but its where its easier to do business that income and wealth creation can pick up momentum. PlayTech is currently looking to buy out the embattled Plus500 trading firm. 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). Lansdown is worth $2.1 billion (1.3 billion) after co-founding British financial-services firm Hargreaves Lansdown. 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. Not every countrys ultra-rich set is worse off this year, however. Here are the 20 countries and territories with the biggest number of the world's billionaires: 1. Their census has calculated the top 10 countries with the most billionaires per capita, which are as follows: 10. More U.S. Tech Companies are Adopting Unequal Dual-Class Voting Structures, How Gen Z Feels About Its Financial Future, Affordability (7 metrics worth 40 points), Quality of Life (22 metrics worth 30 points), Affordability: Cost of living and taxation, Quality of Life: Quality of elder-abuse protections and crime rates, Health Care: Number of health professionals per capita and life expectancy. The number of U.S. millionaires increased by about 13.5% last year. You need at least a Starter Account to use this feature. According to the Boston Consulting Group, the United States leads the pack with around 7,085,000 households being millionaires in 2017. Countries by the number of billionaires by net worth (USD) in 2017 No data or 0 1-5 6-10 11-50 51-100 101-500 501+ This is a list of countries by their number of billionaire residents, based on annual assessments of the net worth in United States Dollars of wealthy individuals worldwide. Looking to retire outside of the U.S.? Thor Bjorgolfsson. Switzerland is the perfect breeding ground for billionaires with its highly skilled labour force and low corporate tax rates. What is the most important aspect of retirement planning? 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%. 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. WalletHub ranked each state using 47 metrics across three dimensions. The final scores (visualized as the bars in the infographic above) represent each states weighted average across all metrics. But have you ever thought about where the best place is to retire? The total net worth of all millionaires stood at around $158.261trillion. Profit from the additional features of your individual account. 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. He and his family are worth $4.5 billion (2.8 billion). Setting aside exchange rate movements, aggregate global wealth grew by 12.7% in 2021, which is the fastest an . Thats up from 724 billionaires a year ago. Kuwait is the fifth richest country in the world, as measured by GDP per capita, with $70,914 per person. Here are some examples of what each dimension measures: Visit the source for the full list of metrics. There is no reason to expect that comparable conditions will occur in the near future.. The United Kingdom and Canada are fourth and fifth with around . The US dominates the list with a total of 6 cities in the top 20. Total population:23 million, according to National Bureau of Statistics of People's Republic of China (last reported in 2010). We create and implement bespoke, holistic strategies for successful investors and entrepreneurs to legally reduce their tax bills, diversify and protect their assets, become global citizens and maximize their freedom. In 2014, it was the . While Russia which has witnessed a mass migration of its moneyed classes in the past several years had the largest outflow of millionaires of any country in the world. Singapore is one of the wealthiest countries with aper capita GDP higher than that of most developed countries. Currently, you are using a shared account. 1. Taiwan jumped into the top ten this year, thanks to four new billionaires. To use individual functions (e.g., mark statistics as favourites, set Total population:9.7 million, according to Seoul Solution. He founded theTrendy International Group of Guangzhou in China, which countsLVMH's financial vehicle L Capital as an investor. In 2007, he sold it to Merck for $9 billion (5.7 billion). 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. 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. Texas had the second highest number, with 566,000, followed by New York with 465,000. The thirteenth edition of the Global Wealth Report shows continued wealth growth across all regions led by North America and China. Consumption of Fuel and Materials per Capita, The Periodic Table of Commodity Returns (2013-2022), Visualizing 25 Years of Lithium Production, by Country, Ranked: The Worlds Largest Copper Producers, Mapped: Air Pollution Levels Around the World in 2022. However, thats where the similarities end. Maryland. Email reporterAlicia Adamczyk to share your story for a future article. However, it has also fostered 23 billionaires as of this year. Not only did more Americans . Although Los Altos isn't the wealthiest city in the U.S., it does boast the highest median home value. currently looking to buy out the embattled Plus500 trading firm. Bjorgolfsson is worth around $1.28 billion (817 million). Hong KongMore than 200,000 residents of this Special Administrative Region of China about 8.8% to be exact are US dollar millionaires. Third-placed Colorado is a mirror of Florida, offering excellent health care but a lower quality of life in comparison. Elias Ghanem, global head of market intelligence at Capgemini Financial Services, said: Our conclusion is that GDP and economic performance, as well as its impact on equity markets, played a key role in determining HNWI population growth over initial years of the last decade post the financial crisis (2009 2014). Ranked: The Largest Bond Markets in the World. With 539 billionaires down 87 since last year with a collective nearly $2 trillion, China is still the country with the second-most billionaires. It is also home toStein Erik Hagen, who founded discount supermarket Rimi with his father in the 1970s. This includes, Swedish video game programmer and designer. The Netherlands was the only new entrant into the top 10, swapping places from 10th to 11th with Australia. As a Premium user you get access to the detailed source references and background information about this statistic. Total population: 19.6 million, according to National Bureau of Statistics of China (last reported in 2010). 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. So where you can do to fit in if you have a big suitcase of money? Countries with the highest proportion of millionaires in 2021 [Graph]. How Much Student Debt Does Each State Hold? 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. .mw-parser-output table.static-row-numbers{counter-reset:rowNumber}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable{counter-reset:rowNumber -1}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable.static-row-header-two{counter-reset:rowNumber -2}.mw-parser-output table.static-row-numbers tr::before{display:table-cell;padding-right:0.5em;text-align:right}.mw-parser-output table.static-row-numbers tr::before{content:""}.mw-parser-output .static-row-numbers-skip{counter-increment:rowNumber}.mw-parser-output table.static-row-numbers.sortable tbody tr:not(.static-row-header):not(.static-row-numbers-norank)::before,.mw-parser-output table.static-row-numbers:not(.sortable) tbody tr:not(:first-child):not(.static-row-header):not(.static-row-numbers-norank)::before{counter-increment:rowNumber;content:counter(rowNumber);padding-right:0.5em;padding-left:0.5em;vertical-align:inherit}.mw-parser-output .static-row-header-text thead tr::before{content:"No. Statista. Three of them are billionaires. The lack of movement in the top 25 countries last year emphasizes this. Sweden is famed for its high standards of living as well as itsmixed system of high-tech capitalism and extensive welfare benefits. Total population: 8.4 million, according to the US Census Bureau. Despite this difference, these countries also provide a strong safety netincluding access to healthcare and educationto more vulnerable citizens. wealth growth in North America outpaced that of Asia-Pacific for the first time since 2012. Show publisher information It has low unemployment and a highper capita GDP at$54,800 (34,988). 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. "Countries with the highest proportion of millionaires in 2021." 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 population:7.4 million, according to World Bank. Lebanon has a free-market economy and now houses seven billionaires, including telecoms magnate and former Prime MinisterNajib Mikati. 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. The Golden State boasts the largest economy in the U.S., with a gross state product of about $3 trillion. Below, weve visualized a hypothetical example of two groups of people, each earning various sums of money, to show how average (mean) and median calculations make a difference. Luxembourg. Hong Kong More than 200,000 residents of this Special Administrative Region of China - about 8.8% to be exact - are US dollar millionaires. May 28, 2020. 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). In 2007, he sold it to Merck for $9 billion (5.7 billion). As soon as this statistic is updated, you will immediately be notified via e-mail. The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. 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. The Czech Republic (or Czechia, as its known to its inhabitants) is a landlocked country situated smack bang in the middle of Europe. Its richest person is fine art dealerDavid Nahmad with a net worth of $1.85 billion (1.2 billion). 2. Total global wealth grew by 9.8% and wealth per adult reached USD 87,489. "American states with highest ratio of millionaire households per capita in 2020." Total population: 1.3 million, according to the US Census Bureau. In all, we found 2,668 ten-figure fortunes this yeardown from 2,755 last year. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. SingaporeNot far behind Hong Kong in the race for economic freedoms top spot, Singapore is home to the worlds second highest number of millionaires by capita at 17.1%. Statista. The population ratio is based on 1 Jul 2019 U.S. Census Bureau data. Lets see how this shakes out when ranking the worlds most affluent countries. The territory funds much of its limited government by property taxes, and imposes a territorial system of taxation where income earned from non-Hong Kong sources isnt taxed at all. In recent years (since 2015) the impact of equity markets on HNWI population growth is more important than GDP growth as economic growth stabilizes across markets, ie the stabilizing of the high growth period seen by emerging markets like China and India.. Another country shedding billionaires: Russia. Visualizing the Flow of Energy-Related CO2 Emissions in the U.S. Offers may be subject to change without notice. global citizen in the 21st century and how you can join the movement. [1][dubious discuss], * indicates links to articles on the economy of the country or territory. [Online]. There are a record 735 billionaires in the U.S., which remains the leading country for billionaires. 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. Bjorgolfsson is worth around $1.28 billion (817 million). Which Countries are Buying Russian Fossil Fuels? However, it has also fostered 23 billionaires as of this year. Powered and implemented by Interactive Data Managed Solutions. "}.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. The U.S. scores highly on all three and its millionaire population is continuing to expand, growing by 675,000 since 2018. [1] [dubious - discuss] Regions by number and percentage of millionaires [ edit] If you are an admin, please authenticate by logging in again. It's sole billionaire is the elusive Jacky Xu, who is originally from China. Please do not hesitate to contact me. Timeline: Cannabis Legislation in the U.S. Visualizing the Relationship Between Cancer and Lifespan, Global EV Production: BYD Surpasses Tesla. 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. Check out this graphic on the top 25 countries to retire in. 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. 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. Hong Kong is seen as the financial gateway into mainland China and has a free market economy.

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