which country has the most millionaires per capita?

10 Richest States in USA 2022 - Wealthiest States in America - Veranda 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%. 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. Another country shedding billionaires: Russia. Bjorgolfsson is worth around $1.28 billion (817 million). With 4.45 million individuals, China has the second highest millionaire population and it grew by 158,000 since 2018. ", 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. 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. 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. New Jersey. Bjorgolfsson is worth around $1.28 billion (817 million). Welcome to our ultimate guide for obtaining a French residence permit in 2023. How Much Student Debt Does Each State Hold? Sweden is famed for its high standards of living as well as itsmixed system of high-tech capitalism and extensive welfare benefits. Total population:2.16 million, according to Department of Paris (last reported in 2019). The number of U.S. millionaires increased by about 13.5% last year. The millionaires in the state account for approximately 7.75% of the population. Which of these most millionaires countries would you prefer to live in? There is no reason to expect that comparable conditions will occur in the near future.. Japan came third with 3.03 million and 187,000 newcomers. In 2014 it was the world's biggest capital exporter, with a trade surplus of $285 billion. as well as other partner offers and accept our, mass migration of its moneyed classes in the past several years. 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. It ranks lower in the list though when looking at the number of billionaires per proportion of the population. Access your favorite topics in a personalized feed while you're on the go. The total net worth of all millionaires stood at around $158.261 trillion. 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). List of countries by number of millionaires - Wikipedia Being strategic about location can make a big impact on your quality of life, and perhaps help your savings go just a bit further. If you said the United States, youd be wrong. 15 Wild Facts About Monaco, Where 32% of Residents Are Millionaires 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. 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. Countries with the highest millionaire rate 2021 | Statista The U.S. houses the largest amount of billionaires in the world and continues to dominate the rankings for the world's richest people. Timeline: Cannabis Legislation in the U.S. Visualizing the Relationship Between Cancer and Lifespan, Global EV Production: BYD Surpasses Tesla. Taxes are largely levied by cantons and some offer flat rates. Check out this graphic on the top 25 countries to retire in. The number of U.S. millionaires grew from 6.6 million in 2020 to 7.5 million in 2021, reflecting a 13.5% increase, according to Capgeminis World Wealth Report 2022. The Countries With The Most Millionaires In The World In fact, the data shows that both nations top the lists for both mean and median wealth. Credit Suisse. 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. Please do not hesitate to contact me. 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. What are the taxes in Italy? Oil wealth is evident in the country, as youd think they had invented the uber-luxury shopping mall just by walking around Doha. The Czech Republic (or Czechia, as its known to its inhabitants) is a landlocked country situated smack bang in the middle of Europe. The collective wealth of the countrys billionaires has fallen from $584 billion last year to $320 billion this year. While using such a metric certainly gives a quick snapshot of wealth per capita, it doesnt necessarily show the complete picture. Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, Infographic: 11 Tech Trends to Watch in 2023. Germany . While China is growing more millionaires than any other country, Hong Kong has some of the most millionaires per capita 5. According to the Boston Consulting Group, the United States leads the pack with around 7,085,000 households being millionaires in 2017. Norway Total number of billionaires: 15 Billionaires per million people: 2.9. Lebanon has a free-market economy and now houses seven billionaires, including telecoms magnate and former Prime MinisterNajib Mikati. Which Country Has the Most Millionaires? - WorldAtlas For this reason, weve compared this number to median wealth for each country, providing a separate angle on which countries really have the most wealth per capita. Here are the 20 countries and territories with the biggest number of the world's billionaires: 1. Which Countries Have the Most Wealth Per Capita? 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. Ghanem said this is borne out by data from its World Wealth Reports of recent years. $212,375. American states with highest ratio of millionaire households per capita in 2020. Please create an employee account to be able to mark statistics as favorites. Global Wealth Report - Credit Suisse 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. Show publisher information KuwaitThanks to its significant oil reserves, 11.8% of Kuwaitis are US-dollar millionaires. Profit from the additional features of your individual account. [1] [dubious - discuss] Regions by number and percentage of millionaires [ edit] Total population: Approximately 200,000, according to United Nations (last reported in 2017). It has ahighly developed and successful free-market economy and is corruption-free. There are 34 fewer Russian billionaires this year, as share prices cratered, the ruble plummeted in value and sanctions hit Russian oligarchs assets. That could have big implications, especially since much of the growth seen last year was based on stock market performanceand many of these HNW individuals have major portions of their wealth tied up in stocks. Between the skyscrapers and bright lights, it seems like millionaires just can't pull themselves away from allure of the concrete jungle. September 1, 2022. Total population:Approximately 3.9 million, according to the US Census Bureau. (September 1, 2022). China is in second place with 2,124,000 households while Japan comes in third with 1,244,000 households. These 20 Countries and Territories Have the Most Billionaires Finally, wealth in Japan is fairly evenly distributed among its large middle class, which lands it in seventh place on the median wealth list at $103,861. According to a new report published today by Henley & Partners, a firm that tracks wealthy individuals across the globe, New York tops the list of 20 cities with the most millionaires in the world. Total population:2.7 million, according to the US Census Bureau. Businesses and wealthy individuals moving to Switzerland can negotiate their own tax rate with the canton, with some seemingly tripping over each other promote their rock-bottom rates in presentations to entrepreneurs. Show publisher information United States Andrew Burton/Getty Images The US has 724 billionaires, led by Elon Musk, the CEO. Copyright 2012-2023, Nomad Capitalist Limited. Here are some examples of what each dimension measures: Visit the source for the full list of metrics. Setting aside exchange rate movements, aggregate global wealth grew by 12.7% in 2021, which is the fastest an . No single Swede comes close to the epic wealth of a Bill Gates or a Warren Buffett. Countries with the highest proportion of millionaires in 2021 [Graph]. States with the most millionaires per capita - CNBC LIST: Top 20 World Cities With the Most Millionaires What is the most important aspect of retirement planning? Ranked: The Largest Bond Markets in the World. Total population:9.7 million, according to Seoul Solution. Not only did more Americans . American states with highest ratio of millionaire households per capita in 2020 [Graph]. Thor Bjorgolfsson. 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. Heres a list of countries with the highest number of US dollar millionaires per capita and it may surprise you. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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%. This two-island country in the West Indies wereamong the first islands in the Caribbean to be settled by Europeans. Total population: 8.4 million, according to the US Census Bureau. Entrepreneurialism can be found in many places, but its where its easier to do business that income and wealth creation can pick up momentum. Altogether, Americas billionaires are worth $4.7 trillion, up from $4.4 trillion on last years list. See which states score the highest in terms of affordability, quality of life, and health care. 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. Based on the evidence since the financial crisis, secular global wealth growth appears to be closely aligned with global GDP growth. Three of them are billionaires. That pace of growth is higher than the additions in the next nine . This includes, Swedish video game programmer and designer. to incorporate the statistic into your presentation at any time. Maryland. Total population:7.4 million, according to World Bank. Learn more about how Statista can support your business. Looking at Minnesota once more, we can see that the state is also one of Americas most expensive. 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. The growth was mostly spurred by investments in the stock market, with a particular focus on the technology sector. I write about wealth, the wealthy and investment. It's richest resident is Li Ka-Shing, the self-made billionaire worth $33.5 billion (22.3 billion). The finance and investments industry produces the highest number of millionaires. I'm trying to figure out how we compare to other cities across the country when it comes to homeless populations per capita. 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. 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. Statista. 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). "American States with Highest Ratio of Millionaire Households per Capita in 2020. Business Solutions including all features. 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 (Rihanna) on the ranking. 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. Profit from the additional features of your individual account. 2 . A show of the countrys growing economy and influence, that percentage has been increasing. Total population:1.83 million, according to the Zurich Department of Mayor (last reported in 2011). 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. 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. 5. 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. Switzerland is the perfect breeding ground for billionaires with its highly skilled labour force and low corporate tax rates. 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. Please do not hesitate to contact me. While Singapores tax scheme is a bit less liberal than that of Hong Kong, it is also territorial in nature. The firm defines millionaires as anyone with $1 million or more in investable assets. But have you ever thought about where the best place is to retire? How Does U.S. Electricity Generation Change Over One Week? This includesSwedish video game programmer and designerMarkus Alexej Persson who founded the Mojang video game company which made the insanely popular Minecraft video game. Fredericksburg ranked No. 1 in Texas for millionaires per capita - mySA 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). Jeff Bezos has been smiling all the way to the. This U.S. City Is the Richest On Earth (Here Are the Top 10) By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. San Francisco had the highest number of billionaires of any city on the list. The ideal entry-level account for individual users. Its richest person is fine art dealerDavid Nahmad with a net worth of $1.85 billion (1.2 billion). Atomic City, USA: how once-secret Los Alamos became a millionaire's The total net worth of all millionaires stood at around $158.261trillion. 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