The Number Of Millionaires In The World And By Country - Financial Samurai Norway is rich with natural resources and has a vibrant private sector, so it's little wonder how it managed to carve out 10 billionaires. 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. Some of the biggest losers include oil magnate Vagit Alekperov and Alexey Mordashov, previously the richest person in Russia. 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 That pace of growth is higher than the additions in the next nine . 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. 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. 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. 3. Germany 1,199,000 The eurozone's largest economy also has the most millionaires in Europe. Mapped: Asias Biggest Sources of Electricity by Country. 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. But one country stands out on the list: Sweden (No. 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. The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. The finance and investments industry produces the highest number of millionaires. 25 Richest Cities in the US 2022 - Wealthiest Cities in America - Veranda 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 List of U.S. states by the number of millionaire households Use Ask Statista Research Service, Most affluent women worldwide 2022, by net worth, U.S. wealth distribution 1990-2022, by income percentile, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista 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). 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Size isnt everything either, Antonucci added, pointing out that the Netherlands completes the top 10, with Australia in 11th. 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. Which of these most millionaires countries would you prefer to live in? Hong Kong is seen as the financial gateway into mainland China and has a free market economy. One possible reason is that the pay gap ratio between Japanese CEOs and the average worker is much lower than other developed nations. Entrepreneurialism can thrive in any economic conditions, but some studies have shown that wealth growth is most closely aligned with GDP growth. It has ahighly developed and successful free-market economy and is corruption-free. 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. Looking at Minnesota once more, we can see that the state is also one of Americas most expensive. The final scores (visualized as the bars in the infographic above) represent each states weighted average across all metrics. After a $13 billion (8.3 billion) bailout, a raft of a capital controls, and unemployment rising to 16%, Cyprus has struggled to grow again. All told, there are 614 U.S. citizens on Forbes' 2020 World's. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Beyond its storied tradition as a banking haven and stable economy, Switzerland offers a unique taxation opportunity for those that live there. In its Global Wealth Report last October, Credit Suisse analysis found this trend was particularly prevalent following the financial crisis, as the Chinese and Indian economies grew at super-normal rates. The lack of movement in the top 25 countries last year emphasizes this. As soon as this statistic is updated, you will immediately be notified via e-mail. This two-island country in the West Indies wereamong the first islands in the Caribbean to be settled by Europeans. Copyright 2012-2023, Nomad Capitalist Limited. Currently, you are using a shared account. In 2007, he sold it to Merck for $9 billion (5.7 billion). 4. 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. 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). Which Countries are Buying Russian Fossil Fuels? 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. 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). N ew York City has taken back its crown. 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. Then you can access your favorite statistics via the star in the header. Despite this difference, these countries also provide a strong safety netincluding access to healthcare and educationto more vulnerable citizens. Characteristic. 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, the companys findings suggest rather than merely resulting in short-term fluctuations, asset prices actually surpassed GDP growth as the key driver of global wealth from 2015. If you are an admin, please authenticate by logging in again. Email reporterAlicia Adamczyk to share your story for a future article. Visualizing the Flow of Energy-Related CO2 Emissions in the U.S. Setting aside exchange rate movements, aggregate global wealth grew by 12.7% in 2021, which is the fastest an . The collective wealth of the countrys billionaires has fallen from $584 billion last year to $320 billion this year. 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. The United Kingdom and Canada are fourth and fifth with around . As a Premium user you get access to background information and details about the release of this statistic. But have you ever thought about where the best place is to retire? Accessed May 02, 2023. https://www.statista.com/statistics/294941/largest-ratio-millionaire-households-per-capita-us/, Kiplinger. "Countries with the highest proportion of millionaires in 2021." Qatar also benefits from substantial oil exporting and is working to diversify its economy into other sectors like tourism and with its world-leading Qatar Airways. 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. Its richest person is fine art dealerDavid Nahmad with a net worth of $1.85 billion (1.2 billion). To use individual functions (e.g., mark statistics as favourites, set There are 1826 billionaires in the world and there are some countries that have hundreds of them. statistic alerts) please log in with your personal account. 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. Total population:Approximately 3.9 million, according to the US Census Bureau. Here are some examples of what each dimension measures: Visit the source for the full list of metrics. This industry has 371 billionaires that work within it, not to mention millionaires. 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. Total population: 1.3 million, according to the US Census Bureau. Offers may be subject to change without notice. Top editors give you the stories you want delivered right to your inbox each weekday. There were 587,000 new millionaires created in the U.S. last year, more than double the number that joined the ranks in Japan, the country with the second most high net worth individuals (HNWI). It has low unemployment and a highper capita GDP at$54,800 (34,988). 25 Small Towns With Big Millionaire Populations | Kiplinger Germany . Show publisher information Total population:1.83 million, according to the Zurich Department of Mayor (last reported in 2011). Across North America, the HNW population grew by 13.2%. Texas had the second highest number, with 566,000, followed by New York with 465,000. The Netherlands was the only new entrant into the top 10, swapping places from 10th to 11th with Australia. $212,375. Number of billionaires: 19 Population: 5,469,700 Population per one billionaires: 287,879 Singapore is one of the wealthiest countries with a per capita GDP higher than that of most. KuwaitThanks to its significant oil reserves, 11.8% of Kuwaitis are US-dollar millionaires. 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. Where are Clean Energy Technologies Manufactured? Tough Times For Brazil And India And Its Millionaires 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. 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. per capita GDP higher than that of most developed countries. Between the skyscrapers and bright lights, it seems like millionaires just can't pull themselves away from allure of the concrete jungle. New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. Altogether, Americas billionaires are worth $4.7 trillion, up from $4.4 trillion on last years list. Across the world, Abu Dhabi and Dubai appear to have some of the fastest growing populations of millionaires, according to the report. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Chart: The Countries With The Most Millionaires | Statista Fortune wants to hear how inflation is affecting your budget. However, due to Iceland's small population, Iceland makes number 8 in the list. 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. Countries with the highest proportion of millionaires in 2021 [Graph]. Andrew Henderson wrote the #1 best-selling book that redefines life as a diversified,
