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. If youre a successful business owner or investor, you may be tired of getting hit with higher taxes and scorn from your home country. So it's surprising that it counts only three people as billionaires as its residents. [1] [dubious - discuss] Regions by number and percentage of millionaires [ edit] Learn how our legal, holistic approach can help you. You may notice that prioritizing one dimension will often come at a trade-off in others. 9.44 %. Timeline: Cannabis Legislation in the U.S. Visualizing the Relationship Between Cancer and Lifespan, Global EV Production: BYD Surpasses Tesla. "Countries with the highest proportion of millionaires in 2021." 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. Bjorgolfsson is worth around $1.28 billion (817 million). He has a net worth of $3.5 billion (2.2 billion) and Forbes says: "Great Britain is his playground." These 15 countries have the highest number of millionaires Despite this difference, these countries also provide a strong safety netincluding access to healthcare and educationto more vulnerable citizens. No single Swede comes close to the epic wealth of a Bill Gates or a Warren Buffett. The top five industries for producing millionaires are: Finance and Investments Technology Manufacturing Fashion and Retail Healthcare Show sources information Which of these most millionaires countries would you prefer to live in? Our animated chart this week uses data from the ninth Credit Suisse Global Wealth report, which ranks countries by average wealth, calculated as gross assets per adult citizen. 5. However, it still has five billionaires under its belt. The Netherlands was the only new entrant into the top 10, swapping places from 10th to 11th with Australia. Having been voted the freest economy in the world for years now, Hong Kong is far from the worst place to be a millionaire. Total population: 19.6 million, according to National Bureau of Statistics of China (last reported in 2010). September 1, 2022. Taiwan. Well send our best articles, videos, and exclusive content right to your inbox. 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. 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. 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. But Stefan. 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. In fact, the data shows that both nations top the lists for both mean and median wealth. 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. Are you interested in testing our business solutions? A paid subscription is required for full access. 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:Approximately 3.9 million, according to the US Census Bureau. 2. The US dominates the list with a total of 6 cities in the top 20. .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. Christos Lazari is worth $2.2 billion (1.4 billion) and is a self-made billionaire from London property investments. 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. The biggest reason for the drop? American states with highest ratio of millionaire households per capita in 2020. This includes, Swedish video game programmer and designer. 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 Czech Republic (or Czechia, as its known to its inhabitants) is a landlocked country situated smack bang in the middle of Europe. You may even want to move to one of these places. as well as other partner offers and accept our, mass migration of its moneyed classes in the past several years. In 2014, it was the . LIST: Top 20 World Cities With the Most Millionaires Where are Clean Energy Technologies Manufactured? 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. There are a record 735 billionaires in the U.S., which remains the leading country for billionaires. The total net worth of all millionaires stood at around $158.261trillion. Please create an employee account to be able to mark statistics as favorites. 9.72 %. Size isnt everything either, Antonucci added, pointing out that the Netherlands completes the top 10, with Australia in 11th. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information New Jersey. Setting aside exchange rate movements, aggregate global wealth grew by 12.7% in 2021, which is the fastest an . 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. RANKED: The 19 countries with the most millionaires 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. to incorporate the statistic into your presentation at any time. Email reporterAlicia Adamczyk to share your story for a future article. Bjorgolfsson is worth around $1.28 billion (817 million). 2 . Texas had the second highest number, with 566,000, followed by New York with 465,000. Please do not hesitate to contact me. Statista. Leave a comment below. The collective wealth of the countrys billionaires has fallen from $584 billion last year to $320 billion this year. Three of them are billionaires. Total population:1.83 million, according to the Zurich Department of Mayor (last reported in 2011). Total global wealth grew by 9.8% and wealth per adult reached USD 87,489. Total population: 2.3 million, according to the United States Census Bureau. The U.S. scores highly on all three and its millionaire population is continuing to expand, growing by 675,000 since 2018. 33 Incredible Millionaire Statistics [2023]: 8.8% Of US Adults Are Thats up from 724 billionaires a year ago. 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. By clicking Sign up, you agree to receive marketing emails from Insider Last year, Beijing was the city home to the most billionaires in the world. 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). Thanks to said oil riches, residents pay zero income tax and very few other taxes. Now there's a new number one. The millionaires in the state account for approximately 7.75% of the population. However, it has also fostered 23 billionaires as of this year. "}.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. Norway Total number of billionaires: 15 Billionaires per million people: 2.9. President Vladmimir Putins invasion of Ukraineand the swift backlash of the international communitysent Russian markets into a freefall in February. global citizen in the 21st century and how you can join the movement. This includesSwedish video game programmer and designerMarkus Alexej Persson who founded the Mojang video game company which made the insanely popular Minecraft video game. 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. [Online]. Countries with the highest proportion of millionaires in 2021 [Graph]. Which Countries Have the Most Wealth Per Capita? Total population:2.16 million, according to Department of Paris (last reported in 2019). If you are an admin, please authenticate by logging in again. Getting ready for retirement? Taiwan's billionaires have a combined net worth of $117.1 billion ($75.1 billion) after a boom in its financial services sector and strong trade links with China. In 2014 it was the world's biggest capital exporter, with a trade surplus of $285 billion. Visualized: The Largest Trading Partners of the U.S. Visualizing 90 Years of Stock and Bond Portfolio Performance, Visualizing the Link Between Unemployment and Recessions, Timeline: The Shocking Collapse of Silicon Valley Bank, Decoding Googles AI Ambitions (and Anxiety), Ranked: Americas 20 Biggest Tech Layoffs Since 2020, Infographic: Generative AI Explained by AI, Ranked: The Best U.S. States for Retirement, Ranked: The U.S. Banks With the Most Uninsured Deposits, De-Dollarization: Countries Seeking Alternatives to the U.S. Dollar. Millionaires in America 2020: All 50 States Ranked | Kiplinger Iceland used to have 6 billionaires on its shores before the financial crisis and now it is down to 1 - investorThor Bjorgolfsson. Japan came third with 3.03 million and 187,000 newcomers. Total population:6.7 million, according to Government of Canada 2021 Census report. Capgemini estimates that as of the end of April, global wealth among HNW individuals had already declined about 4% from 2021 levels. Does Portland covertly have the most homeless persons per capita 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. 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. You can find more videos, talks, and other content related to Finance & Global Citizen on our YouTube channel. List of U.S. states by the number of millionaire households 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. The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. Despite having roughly 1.4 billion people, China comes a distant second with only about 5.28 million millionaires. Sweden's billionaires: They have more per capita than the United States. ", 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. Israel is big on cut diamonds, high-tech equipment and pharmaceuticals. Kuwait is the fifth richest country in the world, as measured by GDP per capita, with $70,914 per person. Its free. Access your favorite topics in a personalized feed while you're on the go. 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 Capgemini's World Wealth Report 2022. And with roughly 40 million residents, it's also the most populous state in the country. Japan has more millionaires per capita than any other country in the world. However, thats where the similarities end. All told, there are 614 U.S. citizens on Forbes' 2020 World's. 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. Connecticut was ranked second in median household income and in 2016 stood at roughly $72,889. With reducing income inequality as a priority for many countries around the world, how might this list change in coming years? 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. Please create an employee account to be able to mark statistics as favorites. Looking at Minnesota once more, we can see that the state is also one of Americas most expensive. 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. 4. Countries with the highest millionaire rate 2021 | Statista statistic alerts) please log in with your personal account. 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. ", 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 firm defines millionaires as anyone with $1 million or more in investable assets. 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. 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. This two-island country in the West Indies wereamong the first islands in the Caribbean to be settled by Europeans. With 4.45 million individuals, China has the second highest millionaire population and it grew by 158,000 since 2018. American states with highest ratio of millionaire households per capita in 2020 [Graph]. Another country shedding billionaires: Russia. I write about wealth, the wealthy and investment. Between the skyscrapers and bright lights, it seems like millionaires just can't pull themselves away from allure of the concrete jungle. 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. 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. Taxes are largely levied by cantons and some offer flat rates. Business Solutions including all features. The median wealth for this group reaches $100, which is close to the average value. Access your favorite topics in a personalized feed while you're on the go. States with the most millionaires per capita - CNBC 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. There are 34 fewer Russian billionaires this year, as share prices cratered, the ruble plummeted in value and sanctions hit Russian oligarchs assets. 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). 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, U.S. states with lowest ratio of millionaire households per capita 2019, Number of centa-millionaires Pakistan 2006-2026, Number of millionaires Australia 2015-2025, Number of centa-millionaires Singapore 2006-2026, Share of millionaire households in selected European countries in 2014, Share of inflows of HNWIs Australia 2016 by city, Number of multi-millionaires Vietnam 2006-2026, Number of millionaires in Taiwan 2017-2021, Highest net inflows of HNWIs Australia 2016 by city, Ultra high net worth households in India 2010-2016, Number of centa-millionaires Malaysia 2006-2026, Number of multi-millionaires Thailand 2018-2024, Number of millionaires Sri Lanka 2006-2026, Number of centa-millionaires Thailand 2006-2026, Number of centa-millionaires Sri Lanka 2006-2026, Investments of high-net-worth individuals, Find your information in our database containing over 20,000 reports.
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