This growing inequality gap knocks the country down to 18th place for median wealth. 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. Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, Infographic: 11 Tech Trends to Watch in 2023. Privacy Policy and Cookie PolicyNomad Capitalist and Go Where Youre Treated Best are registered trademarks. 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. Hong Kong is seen as the financial gateway into mainland China and has a free market economy. This statistic is not included in your account. Entrepreneurialism can thrive in any economic conditions, but some studies have shown that wealth growth is most closely aligned with GDP growth. However, thats where the similarities end. CareersPartner With UsBecome A VendorBook Us For SpeakingRequest An InterviewSocial Responsibility, ExpatFinanceOffshoreGlobal CitizenEntrepreneurCryptocurrency, ABOUT CONTACT +1 (979) 966-6623. Thats up from 724 billionaires a year ago. Norway Total number of billionaires: 15 Billionaires per million people: 2.9. Total global wealth grew by 9.8% and wealth per adult reached USD 87,489. 9.76 %. "American states with highest ratio of millionaire households per capita in 2020." When it comes to wealth per capita, its clear that Australia and Switzerland lead the pack. And with roughly 40 million residents, it's also the most populous state in the country. 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. Tough Times For Brazil And India And Its Millionaires That pace of growth is higher than the additions in the next nine . $58,905. Hong Kong More than 200,000 residents of this Special Administrative Region of China - about 8.8% to be exact - are US dollar millionaires. 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. The Netherlands was the only new entrant into the top 10, swapping places from 10th to 11th with Australia. Itis the world's third-largest natural gas exporter and seventh largest oil exporter. 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. 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. Denmark. 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. "}.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. This includesSwedish video game programmer and designerMarkus Alexej Persson who founded the Mojang video game company which made the insanely popular Minecraft video game. 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. Israel is big on cut diamonds, high-tech equipment and pharmaceuticals. 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). Maryland. The finance and investments industry produces the highest number of millionaires. With reducing income inequality as a priority for many countries around the world, how might this list change in coming years? Due to high exposure to equity, HNWI wealth in North America is expected to be most impacted followed by Europe, which also copes with the ongoing geopolitical crises, the researchers write. New Jersey. 9.72 %. ", 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. A recent study has ranked Fredericksburg as the top Texas city for millionaires per capita, which might not be a surprise to those familiar with the area's high-class homes and amenities. Lets see how this shakes out when ranking the worlds most affluent countries. It's richest resident is Li Ka-Shing, the self-made billionaire worth $33.5 billion (22.3 billion). 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). This includes, Swedish video game programmer and designer. Despite having roughly 1.4 billion people, China comes a distant second with only about 5.28 million millionaires. Profit from the additional features of your individual account. KuwaitThanks to its significant oil reserves, 11.8% of Kuwaitis are US-dollar millionaires. You only have access to basic statistics. Credit Suisse. Opinions expressed by Forbes Contributors are their own. 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. 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. Total population: 1.3 million, according to the US Census Bureau. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. 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. That includes everything from cash, checking, and savings accounts to investments in stocks, government bonds, and mutual funds. Learn how our legal, holistic approach can help you. As a Premium user you get access to the detailed source references and background information about this statistic. The final scores (visualized as the bars in the infographic above) represent each states weighted average across all metrics. Germany 1,199,000 The eurozone's largest economy also has the most millionaires in Europe. 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. Email reporterAlicia Adamczyk to share your story for a future article. 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 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. Please create an employee account to be able to mark statistics as favorites. As a Premium user you get access to background information and details about the release of this statistic. 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. Characteristic. currently looking to buy out the embattled Plus500 trading firm. Capgemini estimates that as of the end of April, global wealth among HNW individuals had already declined about 4% from 2021 levels. The largest economic sectors in California are agriculture, media, tourism, and technology. 2023 Fortune Media IP Limited. 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. California and New York are the top two U.S. states with the most billionaires, each claiming more than 100 billionaire residents. Three of them are billionaires. 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. Switzerland is the perfect breeding ground for billionaires with its highly skilled labour force and low corporate tax rates. Where are Clean Energy Technologies Manufactured? Total population: 8.4 million, according to the US Census Bureau. Profit from the additional features of your individual account. The top five industries for producing millionaires are: Finance and Investments Technology Manufacturing Fashion and Retail Healthcare There are 34 fewer Russian billionaires this year, as share prices cratered, the ruble plummeted in value and sanctions hit Russian oligarchs assets. In, Kiplinger. Ranked: The Largest Bond Markets in the World. Total population:791,000, according to World Population Review. 3. Currently, you are using a shared account. 9.44 %. Hong Kong. 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. SwitzerlandSome 9.5% of the Swiss are millionaires, placing the central European country fourth. to incorporate the statistic into your presentation at any time. 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. With 4.45 million individuals, China has the second highest millionaire population and it grew by 158,000 since 2018. 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. Beyond its storied tradition as a banking haven and stable economy, Switzerland offers a unique taxation opportunity for those that live there. 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. In the second group, this gap climbs to $495, and the median wealth drops sharply to only $30. In this article on Chile residency we discuss the benefits of Chilean residency and the process of Nomad Capitalist has helped 1,000+ high-net-worth clients grow and protect their wealth safe from high taxes and greedy governments. California had the most millionaires in total 885,000 but it ranked 10th in terms of per capita. 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 ideal entry-level account for individual users. Total population:9 million, according to London Datastore. Andrew Henderson wrote the #1 best-selling book that redefines life as a diversified, FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. #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. 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. The millionaires in the state account for approximately 7.75% of the population. Then you can access your favorite statistics via the star in the header. The ranks of rich Americans continued to swell last yearand the economic recovery from the pandemic certainly helped the rich continue to get richer. He and his family are worth $4.5 billion (2.8 billion). There is no reason to expect that comparable conditions will occur in the near future.. Confiscatory tax rates, along with double taxation, are prohibited by the constitution. Its capital and largest city, Prague, boasts a population of 1.3 million, while other major cities include Brno, Ostrava and the beer- capital of Europe, Pilsen. With 539 billionaires down 87 since last year with a collective nearly $2 trillion, China is still the country with the second-most billionaires. To use individual functions (e.g., mark statistics as favourites, set San Francisco had the. 2 . While using such a metric certainly gives a quick snapshot of wealth per capita, it doesnt necessarily show the complete picture. Currently, you are using a shared account. Altogether, Americas billionaires are worth $4.7 trillion, up from $4.4 trillion on last years list. Monaco is home to 12,261 millionaires in less than one square mile. Please do not hesitate to contact me. 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. This industry has 371 billionaires that work within it, not to mention millionaires. Asset price inflation and/or U.S. dollar depreciation can temporarily flatter the wealth growth figures, but cannot alter the longer-term trends. Another country shedding billionaires: Russia. If you said the United States, youd be wrong. 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). $212,375. 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. ", 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. But Capgemini warns that while 2021 was a strong growth year, 2022 could see different trends. 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. 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. Bjorgolfsson is worth around $1.28 billion (817 million). Terms & Conditions. 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. Well send our best articles, videos, and exclusive content right to your inbox. But Stefan. 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. To use individual functions (e.g., mark statistics as favourites, set In 2007, he sold it to Merck for $9 billion (5.7 billion). 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. Lebanon has a free-market economy and now houses seven billionaires, including telecoms magnate and former Prime MinisterNajib Mikati. 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. 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. Business Solutions including all features. This two-island country in the West Indies wereamong the first islands in the Caribbean to be settled by Europeans. 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. 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. 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. If youre a successful business owner or investor, you may be tired of getting hit with higher taxes and scorn from your home country. Kiplinger. Switzerland was the country with the highest rate of millionaires worldwide in 2021, with 16.4percent of the adult population owning assets worth more than one million U.S. dollars. Globally, the population of those with more than a million in assets grew by about 8%. What are the taxes in Italy? This increased the HNWI (defined as having $1 million or more of investable assets) population in the U.S. to a record 5.91 million at the start of the year pre-Covid-19, ahead of Japan with 3.39 million, according to a report this month by Capgemini. 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. Statista. The size of the countries economies and the ease of doing business there will continue to draw in the top entrepreneurial talent from around the globe. 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. 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 Total population:37.3 million, according to World Population Review. Mapped: Asias Biggest Sources of Electricity by Country. Looking to retire outside of the U.S.? September 1, 2022. Please do not hesitate to contact me. All rights reserved. Learn more about how Statista can support your business. [Online]. Getting ready for retirement? There are a record 735 billionaires in the U.S., which remains the leading country for billionaires. Thor Bjorgolfsson. A show of the countrys growing economy and influence, that percentage has been increasing. New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. 2. 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. Total population:6.7 million, according to Government of Canada 2021 Census report. The US dominates the list with a total of 6 cities in the top 20. 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. Copyright 2012-2023, Nomad Capitalist Limited. Instant city The city has always been unique. See below for more comprehensive results. 3 University Park, Texas Brooks Kraft // Getty Images Show sources information 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. Iceland used to have 6 billionaires on its shores before the financial crisis and now it is down to 1 - investorThor Bjorgolfsson. The U.S. scores highly on all three and its millionaire population is continuing to expand, growing by 675,000 since 2018. A paid subscription is required for full access. Now there's a new number one. 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. 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. It has one of the most technologically advanced market economies in the world. 4. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. [1] [dubious - discuss] Regions by number and percentage of millionaires [ edit] statistic alerts) please log in with your personal account. 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. *Hong Kong is an autonomous territory of China. "Countries with The Highest Proportion of Millionaires in 2021. "Countries with the highest proportion of millionaires in 2021." 3. Here are the 20 countries and territories with the biggest number of the world's billionaires: 1. If you said finances, youre probably right. Welcome to our ultimate guide for obtaining a French residence permit in 2023. Total population:23 million, according to National Bureau of Statistics of People's Republic of China (last reported in 2010). According to this methodology, Virginia is currently the best state for retirement. The U.S. houses the largest amount of billionaires in the world and continues to dominate the rankings for the world's richest people. So it's surprising that it counts only three people as billionaires as its residents. The Golden State boasts the largest economy in the U.S., with a gross state product of about $3 trillion. Although Los Altos isn't the wealthiest city in the U.S., it does boast the highest median home value. In 2007, he sold it to Merck for $9 billion (5.7 billion). Based on the evidence since the financial crisis, secular global wealth growth appears to be closely aligned with global GDP growth. Germany and China in third and fourth saw their HNWI numbers rise by 9% and 11% to 1.47 million and 1.32 million, respectively. Forbes Knight Frank's Wealth Report Hurun Global Rich List Not every countrys ultra-rich set is worse off this year, however. Connecticut The 5,567 square mile state of Connecticut ranked third in the US in the number of millionaires per capita. The continent's largest economy also has the most numbers of millionaires in Europe. bank this year as Amazon's share price surged. The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. Entrepreneurialism can be found in many places, but its where its easier to do business that income and wealth creation can pick up momentum. However, it has also fostered 23 billionaires as of this year. Total population:2.7 million, according to the US Census Bureau. Visualizing the Flow of Energy-Related CO2 Emissions in the U.S. Its free. But have you ever thought about where the best place is to retire? How Much Student Debt Does Each State Hold? Dont limit yourself; let Nomad Capitalists unbiased approach help you find the best option. This is mainly becausethe geographically small country has a relatively open economy with crude oil reserves of about 102 billion barrels, according to Forbes. Taiwan. 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%.

Suave Commercial Actress, Which Hibiki Is Discontinued?, Home Assistant Wait For Trigger Timeout, Used 300 Outboard For Sale, Articles W