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. "}.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. 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. To use individual functions (e.g., mark statistics as favourites, set Another country shedding billionaires: Russia. SwitzerlandSome 9.5% of the Swiss are millionaires, placing the central European country fourth. Learn more about how Statista can support your business. Check out this graphic on the top 25 countries to retire in. However, thats where the similarities end. Israel is big on cut diamonds, high-tech equipment and pharmaceuticals. This statistic is not included in your account. By clicking Sign up, you agree to receive marketing emails from Insider 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. But Capgemini warns that while 2021 was a strong growth year, 2022 could see different trends. Instant city The city has always been unique. Norway Total number of billionaires: 15 Billionaires per million people: 2.9. he worlds billionaires hail from all over the globe, with citizens of 75 countries or territories on six continents claiming a spot on Forbes 36th annual billionaires list. Across the world, Abu Dhabi and Dubai appear to have some of the fastest growing populations of millionaires, according to the report. See the full list of the top 20 millionaire metropolises and megalopolises below. Based on the evidence since the financial crisis, secular global wealth growth appears to be closely aligned with global GDP growth. American states with highest ratio of millionaire households per capita in 2020. 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. Timeline: Cannabis Legislation in the U.S. Visualizing the Relationship Between Cancer and Lifespan, Global EV Production: BYD Surpasses Tesla. [1] [dubious - discuss] Regions by number and percentage of millionaires [ edit] Are you a single adult who lives alone? Share to Linkedin. 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. 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. 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. He has a net worth of $3.5 billion (2.2 billion) and Forbes says: "Great Britain is his playground." 12, 14 billionaires, population 9.56 million). 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. The final scores (visualized as the bars in the infographic above) represent each states weighted average across all metrics. Where are Clean Energy Technologies Manufactured? Entrepreneurialism can be found in many places, but its where its easier to do business that income and wealth creation can pick up momentum. American states with highest ratio of millionaire households per capita in 2020 [Graph]. 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. Terms & Conditions. to incorporate the statistic into your presentation at any time. All Rights Reserved. Characteristic. 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. 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. 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. He and his family are worth $4.5 billion (2.8 billion). Bjorgolfsson is worth around $1.28 billion (817 million). It isnt exactly cheap living here, in large part thanks to an astronomical real estate boom, but the price of low taxation is rarely insignificant. 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. 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. The Golden State boasts the largest economy in the U.S., with a gross state product of about $3 trillion. That pace of growth is higher than the additions in the next nine . Heres a list of countries with the highest number of US dollar millionaires per capita and it may surprise you. statistic alerts) please log in with your personal account. May 28, 2020. The thirteenth edition of the Global Wealth Report shows continued wealth growth across all regions led by North America and China. Countries With The Most Millionaires. 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. There are 1826 billionaires in the world and there are some countries that have hundreds of them. The biggest reason for the drop? 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). What are the taxes in Italy? Learn from our R&D playbook and meet like-minded people at our annual event. You may even want to move to one of these places. 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. Total population:Approximately 3.9 million, according to the US Census Bureau. Not every countrys ultra-rich set is worse off this year, however. This is mainly becausethe geographically small country has a relatively open economy with crude oil reserves of about 102 billion barrels, according to Forbes. Kuwait is the fifth richest country in the world, as measured by GDP per capita, with $70,914 per person. 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. Not all developed . Despite having roughly 1.4 billion people, China comes a distant second with only about 5.28 million millionaires. During the second world war, Los Alamos was. $58,905. Total population: Approximately 200,000, according to United Nations (last reported in 2017). 3. 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. Total population:4.4 million, according to Australian Bureau of Statistics (last reported in 2011). 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. Are you interested in testing our business solutions? Size isnt everything either, Antonucci added, pointing out that the Netherlands completes the top 10, with Australia in 11th. With reducing income inequality as a priority for many countries around the world, how might this list change in coming years? Since it is dependent on international trade and finance, Hong Kong has become one of the most prominent financial centres in the world. Here are the 20 countries and territories with the biggest number of the world's billionaires: 1. Forbes Knight Frank's Wealth Report Hurun Global Rich List 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 2014 it was the world's biggest capital exporter, with a trade surplus of $285 billion. When it comes to wealth per capita, its clear that Australia and Switzerland lead the pack. Use Ask Statista Research Service, Most affluent women worldwide 2022, by net worth, U.S. wealth distribution 1990-2022, by income percentile, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. PlayTech is currently looking to buy out the embattled Plus500 trading firm. *Hong Kong is an autonomous territory of China. Its richest person is fine art dealerDavid Nahmad with a net worth of $1.85 billion (1.2 billion). A staggering 61.6% of the global HNWI population now live in these four countries, up from 61.1% at the start of 2018. However, due to Iceland's small population, Iceland makes number 8 in the list. Getting ready for retirement? To use individual functions (e.g., mark statistics as favourites, set With 4.45 million individuals, China has the second highest millionaire population and it grew by 158,000 since 2018. per capita GDP at$54,800 (34,988). Dont limit yourself; let Nomad Capitalists unbiased approach help you find the best option. 4. Despite this difference, these countries also provide a strong safety netincluding access to healthcare and educationto more vulnerable citizens. The U.S. scores highly on all three and its millionaire population is continuing to expand, growing by 675,000 since 2018. Globally, the population of those with more than a million in assets grew by about 8%. Christos Lazari is worth $2.2 billion (1.4 billion) and is a self-made billionaire from London property investments. 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. However, it has also fostered 23 billionaires as of this year. 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 top five industries for producing millionaires are: Finance and Investments Technology Manufacturing Fashion and Retail Healthcare It has ahighly developed and successful free-market economy and is corruption-free. California had the most millionaires in total 885,000 but it ranked 10th in terms of per capita. Having been voted the freest economy in the world for years now, Hong Kong is far from the worst place to be a millionaire. Three of them are billionaires. Ranked: The Worlds 25 Richest Countries by GDP per Capita, Ranked: The 25 Poorest Countries by GDP per Capita, The Growing Auto Loan Problem Facing Young Americans, Ranked: The Worlds Wealthiest Cities, by Number of Millionaires. [1][dubious discuss], * indicates links to articles on the economy of the country or territory. In fact, the United States doesnt appear on the list of most millionaires per capita, nor is it the richest country in the world. Capgemini estimates that as of the end of April, global wealth among HNW individuals had already declined about 4% from 2021 levels. .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. New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. The Future of 5G: Comparing 3 Generations of Wireless Technology. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The US dominates the list with a total of 6 cities in the top 20. 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. Clockwise from top-left: India, Germany, U.S., China, This is a BETA experience. Cyprus's economy grew at an average rate of about 4% during the first five years of European Union membership but later tanked following the eurozone sovereign debt crisis of 2010. 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. 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. Across North America, the HNW population grew by 13.2%. 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. See which states score the highest in terms of affordability, quality of life, and health care. So it's surprising that it counts only three people as billionaires as its residents. Copyright 2012-2023, Nomad Capitalist Limited. Business Solutions including all features. Shutterstock/RossHelen The number of millionaires increased by 12% between 2013 and 2018, according to the 2019 Knight Frank. Asset price inflation and/or U.S. dollar depreciation can temporarily flatter the wealth growth figures, but cannot alter the longer-term trends. Which country has the most millionaires per capita? Powered and implemented by Interactive Data Managed Solutions. Monaco is home to 12,261 millionaires in less than one square mile. 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). Total population: 8.4 million, according to the US Census Bureau. Thats up from 724 billionaires a year ago. ", 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.
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