It has one of the most technologically advanced market economies in the world. As soon as this statistic is updated, you will immediately be notified via e-mail. Germany . 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. See which states score the highest in terms of affordability, quality of life, and health care. In, Credit Suisse. Access your favorite topics in a personalized feed while you're on the go. Despite this difference, these countries also provide a strong safety netincluding access to healthcare and educationto more vulnerable citizens. With 107 billionaire residents . Another country shedding billionaires: Russia. 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. 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. Learn more about how Statista can support your business. Please create an employee account to be able to mark statistics as favorites. The US dominates the list with a total of 6 cities in the top 20. The total net worth of all millionaires stood at around $158.261trillion. US States With The Most Millionaires Per Capita - WorldAtlas Opinions expressed by Forbes Contributors are their own. 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. It has ahighly developed and successful free-market economy and is corruption-free. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Founder of Nomad Capitalist and the worlds most sought-after expert on global citizenship. 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). Please do not hesitate to contact me. bank this year as Amazon's share price surged. Please create an employee account to be able to mark statistics as favorites. The collective wealth of the countrys billionaires has fallen from $584 billion last year to $320 billion this year. President Vladmimir Putins invasion of Ukraineand the swift backlash of the international communitysent Russian markets into a freefall in February. Sweden's billionaires: They have more per capita than the United States. In 2007, he sold it to Merck for $9 billion (5.7 billion). Three of them are billionaires. 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. At a respective 285,000 and 205,400, San . I'm trying to figure out how we compare to other cities across the country when it comes to homeless populations per capita. *Hong Kong is an autonomous territory of China. "Countries with the highest proportion of millionaires in 2021." 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. Here are some examples of what each dimension measures: Visit the source for the full list of metrics. 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. The largest economic sectors in California are agriculture, media, tourism, and technology. Show publisher information If you said the United States, youd be wrong. These 20 Countries and Territories Have the Most Billionaires Atomic City, USA: how once-secret Los Alamos became a millionaire's Total population:9.7 million, according to Seoul Solution. Weve advised our clients on more than 100 citizenship options, from often-overlooked ancestry programs, to fast-tracked investment options, and even exclusive programs for HNWIs. Where are Clean Energy Technologies Manufactured? List of U.S. states by the number of billionaires - Wikipedia The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. In the second group, this gap climbs to $495, and the median wealth drops sharply to only $30. The Countries With The Most Millionaires In The World 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. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. A staggering 61.6% of the global HNWI population now live in these four countries, up from 61.1% at the start of 2018. Leading billionaire cities 2023 | Statista Andrew Henderson wrote the #1 best-selling book that redefines life as a diversified, Chart: The Countries With The Most Millionaires | Statista Countries With The Most Millionaires. This is mainly becausethe geographically small country has a relatively open economy with crude oil reserves of about 102 billion barrels, according to Forbes. (September 1, 2022). I write about wealth, the wealthy and investment. These 15 countries have the highest number of millionaires 12, 14 billionaires, population 9.56 million). N ew York City has taken back its crown. Statista. Germany 1,199,000 The eurozone's largest economy also has the most millionaires in Europe. Chart. 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. The U.S. scores highly on all three and its millionaire population is continuing to expand, growing by 675,000 since 2018. Confiscatory tax rates, along with double taxation, are prohibited by the constitution. The ranks of rich Americans continued to swell last yearand the economic recovery from the pandemic certainly helped the rich continue to get richer. Characteristic. Hong Kong More than 200,000 residents of this Special Administrative Region of China - about 8.8% to be exact - are US dollar millionaires. United States Andrew Burton/Getty Images The US has 724 billionaires, led by Elon Musk, the CEO. Which Country Has the Most Millionaires? - WorldAtlas 33 Incredible Millionaire Statistics [2023]: 8.8% Of US Adults Are In 2014 it was the world's biggest capital exporter, with a trade surplus of $285 billion. Which Countries are Buying Russian Fossil Fuels? States with the most millionaires per capita - CNBC CareersPartner With UsBecome A VendorBook Us For SpeakingRequest An InterviewSocial Responsibility, ExpatFinanceOffshoreGlobal CitizenEntrepreneurCryptocurrency, ABOUT CONTACT +1 (979) 966-6623. Countries with the highest millionaire rate 2021 | Statista Switzerland is the perfect breeding ground for billionaires with its highly skilled labour force and low corporate tax rates. This industry has 371 billionaires that work within it, not to mention millionaires. Are you interested in testing our business solutions? Phoenix . While using such a metric certainly gives a quick snapshot of wealth per capita, it doesnt necessarily show the complete picture. This U.S. City Is the Richest On Earth (Here Are the Top 10) China is in second place with 2,124,000 households while Japan comes in third with 1,244,000 households. Asset price inflation and/or U.S. dollar depreciation can temporarily flatter the wealth growth figures, but cannot alter the longer-term trends. In order to be considered HNW, individuals must have a net worth of more than $1 million, excluding their primary residence, as well as assets like collectibles and cars. 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. Looking at Minnesota once more, we can see that the state is also one of Americas most expensive. 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. 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. 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, thats where the similarities end. Learn how our legal, holistic approach can help you. The median wealth for this group reaches $100, which is close to the average value. Lebanon has a free-market economy and now houses seven billionaires, including telecoms magnate and former Prime MinisterNajib Mikati. 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. The number of US millionaires is surging. Here are 7 countries with the If you are an admin, please authenticate by logging in again. But Capgemini warns that while 2021 was a strong growth year, 2022 could see different trends. 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. 4. 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. Altogether, Americas billionaires are worth $4.7 trillion, up from $4.4 trillion on last years list. Beyond its storied tradition as a banking haven and stable economy, Switzerland offers a unique taxation opportunity for those that live there. In the first group, wealth is distributed more evenly, with the disparity between the lowest-paid and highest-paid being $300. And yet Los Alamos has more millionaires per capita than almost anywhere else in the country. 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. Capgemini estimates that as of the end of April, global wealth among HNW individuals had already declined about 4% from 2021 levels. 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). LIST: Top 20 World Cities With the Most Millionaires American states with highest ratio of millionaire households per capita in 2020 [Graph]. So it's surprising that it counts only three people as billionaires as its residents. But Stefan. Since it is dependent on international trade and finance, Hong Kong has become one of the most prominent financial centres in the world. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Access your favorite topics in a personalized feed while you're on the go. Taiwan jumped into the top ten this year, thanks to four new billionaires. 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. Mapped: Asias Biggest Sources of Electricity by Country. New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. By clicking Sign up, you agree to receive marketing emails from Insider Taxes are largely levied by cantons and some offer flat rates. Show sources information Globally, the population of those with more than a million in assets grew by about 8%. Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, Infographic: 11 Tech Trends to Watch in 2023. The finance and investments industry produces the highest number of millionaires. global citizen in the 21st century and how you can join the movement. 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. You may notice that prioritizing one dimension will often come at a trade-off in others. Which Countries Have the Most Wealth Per Capita? Thor Bjorgolfsson. Thats up from 724 billionaires a year ago. Credit Suisse. 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. 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. 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. Currently, you are using a shared account. Millionaires in America 2020: All 50 States Ranked | Kiplinger 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. Thanks to said oil riches, residents pay zero income tax and very few other taxes. Visualizing the Flow of Energy-Related CO2 Emissions in the U.S. [Online]. So where you can do to fit in if you have a big suitcase of money? Despite having roughly 1.4 billion people, China comes a distant second with only about 5.28 million millionaires. Japan came third with 3.03 million and 187,000 newcomers. In North America, 32% of millionaires total investments is in stocks, compared to just 29% of the global average. 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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Top 10 Countries With The Most Billionaires Per Capita Entrepreneurialism can be found in many places, but its where its easier to do business that income and wealth creation can pick up momentum. 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. Kuwait is the fifth richest country in the world, as measured by GDP per capita, with $70,914 per person. 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. per capita GDP at$54,800 (34,988). Forbes Knight Frank's Wealth Report Hurun Global Rich List This two-island country in the West Indies wereamong the first islands in the Caribbean to be settled by Europeans. Top 5 countries with the most millionaires per capita 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. 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. Total population:23 million, according to National Bureau of Statistics of People's Republic of China (last reported in 2010). Not every countrys ultra-rich set is worse off this year, however. San Francisco had the highest number of billionaires of any city on the list. Total population:4.4 million, according to Australian Bureau of Statistics (last reported in 2011). With 4.45 million individuals, China has the second highest millionaire population and it grew by 158,000 since 2018. Entrepreneurialism can thrive in any economic conditions, but some studies have shown that wealth growth is most closely aligned with GDP growth. San Francisco had the. This includes, Swedish video game programmer and designer. Japan, with a population of about 126 million, has roughly 3.66 million millionaires. Statista. As a Premium user you get access to the detailed source references and background information about this statistic.
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