Total population:1.83 million, according to the Zurich Department of Mayor (last reported in 2011). Kiplinger. However, both nations also have the highest absolute household debt-to-GDP ratios in the world: in 2018, Switzerlands levels reached nearly 129%, while Australia followed behind at 120%. 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. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Total population: 2.3 million, according to the United States Census Bureau. The growth was mostly spurred by investments in the stock market, with a particular focus on the technology sector. 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 In, Credit Suisse. He and his family are worth $4.5 billion (2.8 billion). Total population:37.3 million, according to World Population Review. [1] [dubious - discuss] Regions by number and percentage of millionaires [ edit] Taiwan. 1. Mapped: Asias Biggest Sources of Electricity by Country. 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. Across North America, the HNW population grew by 13.2%. Shutterstock/RossHelen The number of millionaires increased by 12% between 2013 and 2018, according to the 2019 Knight Frank. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Despite having roughly 1.4 billion people, China comes a distant second with only about 5.28 million millionaires. 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. Singapore is one of the wealthiest countries with aper capita GDP higher than that of most developed countries. Connecticut The 5,567 square mile state of Connecticut ranked third in the US in the number of millionaires per capita. The total net worth of all millionaires stood at around $158.261 trillion. List of U.S. states by the number of billionaires - Wikipedia The Countries With The Most Millionaires [Infographic] - Forbes The U.S. houses the largest amount of billionaires in the world and continues to dominate the rankings for the world's richest people. Bjorgolfsson is worth around $1.28 billion (817 million). So it's surprising that it counts only three people as billionaires as its residents. 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. Some of the biggest losers include oil magnate Vagit Alekperov and Alexey Mordashov, previously the richest person in Russia. Iceland used to have 6 billionaires on its shores before the financial crisis and now it is down to 1 - investorThor Bjorgolfsson. 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. Top editors give you the stories you want delivered right to your inbox each weekday. 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. 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. In, Kiplinger. Characteristic. 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. N ew York City has taken back its crown. If you are an admin, please authenticate by logging in again. 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. Hong KongMore than 200,000 residents of this Special Administrative Region of China about 8.8% to be exact are US dollar 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. No single Swede comes close to the epic wealth of a Bill Gates or a Warren Buffett. All rights reserved. Based on this piece from last Summer, there were 1,479 homeless people being sheltered in Portland, over 500 who were "local homeless" (ie, not asylum seekers) ().This puts Portland at about 730 homeless persons per 100k residents, assuming the 500 number is correct and . Sweden is famed for its high standards of living as well as itsmixed system of high-tech capitalism and extensive welfare benefits. Total population:791,000, according to World Population Review. 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. The population ratio is based on 1 Jul 2019 U.S. Census Bureau data. You may even want to move to one of these places. Accessed May 02, 2023. https://www.statista.com/statistics/262687/countries-with-the-highest-rate-of-millionaires/, Credit Suisse. The Number Of Millionaires In The World And By Country - Financial Samurai Jeff Bezos has been smiling all the way to the. Phoenix . PlayTech is currently looking to buy out the embattled Plus500 trading firm. New Jersey. Does Portland covertly have the most homeless persons per capita Across the world, Abu Dhabi and Dubai appear to have some of the fastest growing populations of millionaires, according to the report. Entrepreneurialism can be found in many places, but its where its easier to do business that income and wealth creation can pick up momentum. But Capgemini warns that while 2021 was a strong growth year, 2022 could see different trends. Looking at Minnesota once more, we can see that the state is also one of Americas most expensive. This includesSwedish video game programmer and designerMarkus Alexej Persson who founded the Mojang video game company which made the insanely popular Minecraft video game. KuwaitThanks to its significant oil reserves, 11.8% of Kuwaitis are US-dollar millionaires. 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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 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. Dont limit yourself; let Nomad Capitalists unbiased approach help you find the best option. 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%. 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. 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.. 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. Bjorgolfsson is worth around $1.28 billion (817 million). highly developed and successful free-market economy and is corruption-free. The Countries With The Most Billionaires 2022 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. The Godfather of A.I. just quit Google and says he regrets his lifes work because it can be hard to stop bad actors Fauci says the general public somehow didnt get his messaging that the vulnerable are really, really heavily An upstate New York school may keep its Native American logo and Warriors nicknamebecause the local Seneca tribe is CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. The collective wealth of the countrys billionaires has fallen from $584 billion last year to $320 billion this year. RANKED: The 19 countries with the most millionaires It's richest resident is Li Ka-Shing, the self-made billionaire worth $33.5 billion (22.3 billion). Oil wealth is evident in the country, as youd think they had invented the uber-luxury shopping mall just by walking around Doha. September 1, 2022. To use individual functions (e.g., mark statistics as favourites, set If you said the United States, youd be wrong. These 15 countries have the highest number of millionaires A paid subscription is required for full access. 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. Currently, you are using a shared account. How Does U.S. Electricity Generation Change Over One Week? 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. A staggering 61.6% of the global HNWI population now live in these four countries, up from 61.1% at the start of 2018. What is the most important aspect of retirement planning? to incorporate the statistic into your presentation at any time. (September 1, 2022). 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. Globally, the population of those with more than a million in assets grew by about 8%. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Lansdown is worth $2.1 billion (1.3 billion) after co-founding British financial-services firm Hargreaves Lansdown. 2023 Fortune Media IP Limited. Credit Suisse. Copyright 2012-2023, Nomad Capitalist Limited. How Much Student Debt Does Each State Hold? The Countries With The Most Millionaires In The World global citizen in the 21st century and how you can join the movement. 5. Show publisher information Based on the evidence since the financial crisis, secular global wealth growth appears to be closely aligned with global GDP growth. But one country stands out on the list: Sweden (No. 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. 2 . The strength of U.S. equity markets, with the S&P 500 rising 28.9%, was the main reason wealth growth in North America outpaced that of Asia-Pacific for the first time since 2012 last year, he said. 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. 3. As soon as this statistic is updated, you will immediately be notified via e-mail. The finance and investments industry produces the highest number of millionaires. ";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-hash thead tr::before{content:"#";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-row thead tr::before{content:"Row";padding-right:0.5em;padding-left:0.5em;font-weight:bold}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.wikitable tr::before{background-color:#eaecf0;vertical-align:middle}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tr::before{background-color:#eaeeff}.mw-parser-output table.static-row-numbers.wikitable tbody tr:not(.static-row-header)::before,body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tbody tr::before{border:1px solid #a2a9b1}.mw-parser-output .static-row-numbers-period2 tbody tr::before{content:counter(rowNumber)". Last year, Beijing was the city home to the most billionaires in the world. LIST: Top 20 World Cities With the Most Millionaires 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. Leading billionaire cities 2023 | Statista Hong Kong More than 200,000 residents of this Special Administrative Region of China - about 8.8% to be exact - are US dollar millionaires. While using such a metric certainly gives a quick snapshot of wealth per capita, it doesnt necessarily show the complete picture. Not every countrys ultra-rich set is worse off this year, however. India, the country with the third most billionaires, added 26 people to the three-comma club this year. Lets see how this shakes out when ranking the worlds most affluent countries. 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. Opinions expressed by Forbes Contributors are their own. It has one of the most technologically advanced market economies in the world. 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. 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. Jeff Bezoss $13 billion one day gain this week underlined the U.S.s status as the worlds center of wealth, but its not just him getting richer. Tough Times For Brazil And India And Its Millionaires Hong Kong. Profit from the additional features of your individual account. Where The Richest Live: The Cities With The Most Billionaires 2022 - Forbes Chart: The Countries With The Most Millionaires | Statista Total population:6.7 million, according to Government of Canada 2021 Census report. Thanks to said oil riches, residents pay zero income tax and very few other taxes. ", 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 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. California had the most millionaires in total 885,000 but it ranked 10th in terms of per capita. Fortune wants to hear how inflation is affecting your budget. Countries With The Most Millionaires. 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. According to the Boston Consulting Group, the United States leads the pack with around 7,085,000 households being millionaires in 2017. 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. US States With The Most Millionaires Per Capita - WorldAtlas Accessed May 02, 2023. https://www.statista.com/statistics/294941/largest-ratio-millionaire-households-per-capita-us/, Kiplinger. QatarAmong the most liberal of the Middle East states, Qatar is home to nearly 50,000 millionaires, and a whopping 17.5% of all Qataris are US dollar millionaires. The United Kingdom and Canada are fourth and fifth with around . 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. 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. Having been voted the freest economy in the world for years now, Hong Kong is far from the worst place to be a millionaire. Which Countries are Buying Russian Fossil Fuels? Total population:2.7 million, according to the US Census Bureau. In all, we found 2,668 ten-figure fortunes this yeardown from 2,755 last year. Founder of Nomad Capitalist and the worlds most sought-after expert on global citizenship. Between the skyscrapers and bright lights, it seems like millionaires just can't pull themselves away from allure of the concrete jungle. This statistic is not included in your account. States by number and share of households with more than $1 million in investable assets (2019) Rank State Number of millionaire households Share of millionaire households 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). 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.
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