California had the most millionaires in total 885,000 but it ranked 10th in terms of per capita. It is also home toStein Erik Hagen, who founded discount supermarket Rimi with his father in the 1970s. However, due to Iceland's small population, Iceland makes number 8 in the list. Total population: 1.3 million, according to the US Census Bureau. Total population:9.7 million, according to Seoul Solution. The number of US millionaires is surging. Here are 7 countries with the The firm defines millionaires as anyone with $1 million or more in investable assets. The Countries With The Most Millionaires [Infographic] - Forbes He has a net worth of $3.5 billion (2.2 billion) and Forbes says: "Great Britain is his playground." Leave a comment below. "American States with Highest Ratio of Millionaire Households per Capita in 2020. Accessed May 02, 2023. https://www.statista.com/statistics/294941/largest-ratio-millionaire-households-per-capita-us/, Kiplinger. Available: https://www.statista.com/statistics/294941/largest-ratio-millionaire-households-per-capita-us/, American states with highest ratio of millionaire households per capita in 2020, 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. Monaco is home to 12,261 millionaires in less than one square mile. The Golden State boasts the largest economy in the U.S., with a gross state product of about $3 trillion. With 539 billionaires down 87 since last year with a collective nearly $2 trillion, China is still the country with the second-most billionaires. 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 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. FORTUNE may receive compensation for some links to products and services on this website. A show of the countrys growing economy and influence, that percentage has been increasing. It has ahighly developed and successful free-market economy and is corruption-free. United States Andrew Burton/Getty Images The US has 724 billionaires, led by Elon Musk, the CEO. 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. In, Kiplinger. Profit from the additional features of your individual account. 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). Connecticut The 5,567 square mile state of Connecticut ranked third in the US in the number of millionaires per capita. 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). However, due to Iceland's small population, Iceland makes number 8 in the list. 25 Small Towns With Big Millionaire Populations | Kiplinger Profit from the additional features of your individual account. Which country has the most millionaires per capita? Three of them are billionaires. While using such a metric certainly gives a quick snapshot of wealth per capita, it doesnt necessarily show the complete picture. The ideal entry-level account for individual users. American states with highest ratio of millionaire households per capita "}.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. 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. $58,905. All Rights Reserved. The Countries With The Most Billionaires 2022 Business Solutions including all features. There are 1826 billionaires in the world and there are some countries that have hundreds of them. 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. 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. The combination of higher asset ownership and that ability to lure the top entrepreneurial talent looks set to reinforce the status quo of the countries with the most millionaires. Not every countrys ultra-rich set is worse off this year, however. 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). How Does U.S. Electricity Generation Change Over One Week? 3. It has one of the most technologically advanced market economies in the world. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In fact, the United States doesnt appear on the list of most millionaires per capita, nor is it the richest country in the world. In fact, the data shows that both nations top the lists for both mean and median wealth. During the second world war, Los Alamos was. CareersPartner With UsBecome A VendorBook Us For SpeakingRequest An InterviewSocial Responsibility, ExpatFinanceOffshoreGlobal CitizenEntrepreneurCryptocurrency, ABOUT CONTACT +1 (979) 966-6623. Accessed May 02, 2023. https://www.statista.com/statistics/262687/countries-with-the-highest-rate-of-millionaires/, Credit Suisse. Japan came third with 3.03 million and 187,000 newcomers. The U.S. scores highly on all three and its millionaire population is continuing to expand, growing by 675,000 since 2018. 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. 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. Top editors give you the stories you want delivered right to your inbox each weekday. In 2007, he sold it to Merck for $9 billion (5.7 billion). 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. highly developed and successful free-market economy and is corruption-free. Millionaires in America 2020: All 50 States Ranked | Kiplinger But Capgemini warns that while 2021 was a strong growth year, 2022 could see different trends. If you said the United States, youd be wrong. Tough Times For Brazil And India And Its Millionaires Total population:1.83 million, according to the Zurich Department of Mayor (last reported in 2011). 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%. Learn how our legal, holistic approach can help you. Across North America, the HNW population grew by 13.2%. 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. 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. ";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)". FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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 US dominates the list with a total of 6 cities in the top 20. Mapped: Asias Biggest Sources of Electricity by Country. These 20 Countries and Territories Have the Most Billionaires Size isnt everything either, Antonucci added, pointing out that the Netherlands completes the top 10, with Australia in 11th. 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. This includesSwedish video game programmer and designerMarkus Alexej Persson who founded the Mojang video game company which made the insanely popular Minecraft video game. Powered and implemented by Interactive Data Managed Solutions. Chart: The Countries With The Most Millionaires | Statista Characteristic. 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. No single Swede comes close to the epic wealth of a Bill Gates or a Warren Buffett. In 2014 it was the world's biggest capital exporter, with a trade surplus of $285 billion. 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. bank this year as Amazon's share price surged. 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. WalletHub ranked each state using 47 metrics across three dimensions. #20. Total population:7.4 million, according to World Bank.
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