New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. Learn more about how Statista can support your business. WalletHub ranked each state using 47 metrics across three dimensions. Are you a single adult who lives alone? Which of these most millionaires countries would you prefer to live in? 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. While the economy here is almost entirely based on oil exports, the government is investing a tidy sum in diversifying it into other areas to continue their success. Thats up from 724 billionaires a year ago. Getting ready for retirement? 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. Chart: The Countries With The Most Millionaires | Statista Since it is dependent on international trade and finance, Hong Kong has become one of the most prominent financial centres in the world. That includes everything from cash, checking, and savings accounts to investments in stocks, government bonds, and mutual funds. 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. Lebanon has a free-market economy and now houses seven billionaires, including telecoms magnate and former Prime MinisterNajib Mikati. In 2019 the median home value was more than $2,000,000now, in 2022, Zillow reports that the typical home value in the California city is a whopping $4,150,436. Profit from the additional features of your individual account. 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. But one country stands out on the list: Sweden (No. By clicking Sign up, you agree to receive marketing emails from Insider Currently, you are using a shared account. Israel is big on cut diamonds, high-tech equipment and pharmaceuticals. San Francisco had the. For this reason, weve compared this number to median wealth for each country, providing a separate angle on which countries really have the most wealth per capita. Profit from the additional features of your individual account. 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. Total population:2.7 million, according to the US Census Bureau. More U.S. Tech Companies are Adopting Unequal Dual-Class Voting Structures, How Gen Z Feels About Its Financial Future, Affordability (7 metrics worth 40 points), Quality of Life (22 metrics worth 30 points), Affordability: Cost of living and taxation, Quality of Life: Quality of elder-abuse protections and crime rates, Health Care: Number of health professionals per capita and life expectancy. This growing inequality gap knocks the country down to 18th place for median wealth. In 2014 it was the world's biggest capital exporter, with a trade surplus of $285 billion. Taxes are largely levied by cantons and some offer flat rates. The number of U.S. millionaires increased by about 13.5% last year. Bjorgolfsson is worth around $1.28 billion (817 million). 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). Third-placed Colorado is a mirror of Florida, offering excellent health care but a lower quality of life in comparison. 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. Norway Total number of billionaires: 15 Billionaires per million people: 2.9. 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Being strategic about location can make a big impact on your quality of life, and perhaps help your savings go just a bit further. Some of the biggest losers include oil magnate Vagit Alekperov and Alexey Mordashov, previously the richest person in Russia. There are 1826 billionaires in the world and there are some countries that have hundreds of them. 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. Monaco is home to 12,261 millionaires in less than one square mile. Total population:815,000, according to the US Census Bureau. Taiwan jumped into the top ten this year, thanks to four new billionaires. bank this year as Amazon's share price surged. 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. In 2007, he sold it to Merck for $9 billion (5.7 billion). 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. 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. Total population: 2.3 million, according to the United States Census Bureau. There are 34 fewer Russian billionaires this year, as share prices cratered, the ruble plummeted in value and sanctions hit Russian oligarchs assets. Across the world, Abu Dhabi and Dubai appear to have some of the fastest growing populations of millionaires, according to the report. While using such a metric certainly gives a quick snapshot of wealth per capita, it doesnt necessarily show the complete picture. Not all developed . This includes, Swedish video game programmer and designer. He has a net worth of $3.5 billion (2.2 billion) and Forbes says: "Great Britain is his playground." The United Kingdom and Canada are fourth and fifth with around . Switzerland is the perfect breeding ground for billionaires with its highly skilled labour force and low corporate tax rates. LIST: Top 20 World Cities With the Most Millionaires Thanks to said oil riches, residents pay zero income tax and very few other taxes. All Rights Reserved. Thor Bjorgolfsson. In North America, 32% of millionaires total investments is in stocks, compared to just 29% of the global average. See below for more comprehensive results. Footnote: All data estimates are using mid-2018 values, and reflected in US$. "}.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. Clockwise from top-left: India, Germany, U.S., China, This is a BETA experience. Powered and implemented by Interactive Data Managed Solutions. With reducing income inequality as a priority for many countries around the world, how might this list change in coming years? The thirteenth edition of the Global Wealth Report shows continued wealth growth across all regions led by North America and China. He founded theTrendy International Group of Guangzhou in China, which countsLVMH's financial vehicle L Capital as an investor. 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. The top five industries for producing millionaires are: Finance and Investments Technology Manufacturing Fashion and Retail Healthcare Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Learn from our R&D playbook and meet like-minded people at our annual event. Please do not hesitate to contact me. 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. Not only did more Americans . Dont limit yourself; let Nomad Capitalists unbiased approach help you find the best option. The ranks of rich Americans continued to swell last yearand the economic recovery from the pandemic certainly helped the rich continue to get richer. 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. Itis the world's third-largest natural gas exporter and seventh largest oil exporter. Perhaps the most famous Israeli billionaire right now isbachelor Teddy Sagi, who made his money setting up gambling software maker Playtech. Business Solutions including all features. These 15 countries have the highest number of millionaires In 2014, it was the . Forbes Knight Frank's Wealth Report Hurun Global Rich List Opinions expressed by Forbes Contributors are their own. In the first group, wealth is distributed more evenly, with the disparity between the lowest-paid and highest-paid being $300. Copyright 2012-2023, Nomad Capitalist Limited. The number of US millionaires is surging. Here are 7 countries with the All told, there are 614 U.S. citizens on Forbes' 2020 World's. American states with highest ratio of millionaire households per capita *Hong Kong is an autonomous territory of China. Leave a comment below. I write about wealth, the wealthy and investment. This statistic is not included in your account. Show publisher information As a Premium user you get access to background information and details about the release of this statistic. However, due to Iceland's small population, Iceland makes number 8 in the list. The Future of 5G: Comparing 3 Generations of Wireless Technology. PlayTech is currently looking to buy out the embattled Plus500 trading firm. List of countries by number of billionaires - Wikipedia "Countries with the highest proportion of millionaires in 2021." You may even want to move to one of these places. global citizen in the 21st century and how you can join the movement. But Capgemini warns that while 2021 was a strong growth year, 2022 could see different trends.

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