Accessed May 02, 2023. https://www.statista.com/statistics/262687/countries-with-the-highest-rate-of-millionaires/, Credit Suisse. Japan, with a population of about 126 million, has roughly 3.66 million millionaires. In, Kiplinger. 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. Being strategic about location can make a big impact on your quality of life, and perhaps help your savings go just a bit further. Between the skyscrapers and bright lights, it seems like millionaires just can't pull themselves away from allure of the concrete jungle. per capita GDP at$54,800 (34,988). List of countries by number of billionaires - Wikipedia Access your favorite topics in a personalized feed while you're on the go. 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. Ghanem said this is borne out by data from its World Wealth Reports of recent years. The U.S. scores highly on all three and its millionaire population is continuing to expand, growing by 675,000 since 2018. 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. 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. Total population:1.83 million, according to the Zurich Department of Mayor (last reported in 2011). It has ahighly developed and successful free-market economy and is corruption-free. 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. New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. Israel is big on cut diamonds, high-tech equipment and pharmaceuticals. That pace of growth is higher than the additions in the next nine . FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. While Singapores tax scheme is a bit less liberal than that of Hong Kong, it is also territorial in nature. In 2014 it was the world's biggest capital exporter, with a trade surplus of $285 billion. Millionaires in America 2020: All 50 States Ranked | Kiplinger There are 34 fewer Russian billionaires this year, as share prices cratered, the ruble plummeted in value and sanctions hit Russian oligarchs assets. per capita GDP higher than that of most developed countries. 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. What is the most important aspect of retirement planning? But one country stands out on the list: Sweden (No. 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. Top 5 countries with the most millionaires per capita Which country has the most millionaires per capita? [1] [dubious - discuss] Regions by number and percentage of millionaires [ edit] Tough Times For Brazil And India And Its Millionaires 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. N ew York City has taken back its crown. [1][dubious discuss], * indicates links to articles on the economy of the country or territory. Confiscatory tax rates, along with double taxation, are prohibited by the constitution. Having been voted the freest economy in the world for years now, Hong Kong is far from the worst place to be a millionaire. 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. Accessed May 02, 2023. https://www.statista.com/statistics/294941/largest-ratio-millionaire-households-per-capita-us/, Kiplinger. The number of U.S. millionaires increased by about 13.5% last year. San Francisco had the. Please create an employee account to be able to mark statistics as favorites. California and New York are the top two U.S. states with the most billionaires, each claiming more than 100 billionaire residents. 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. 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. California had the most millionaires in total 885,000 but it ranked 10th in terms of per capita. Luxembourg. Visualizing the Flow of Energy-Related CO2 Emissions in the U.S. List of U.S. states by the number of millionaire households Then you can access your favorite statistics via the star in the header. Leading billionaire cities 2023 | Statista ", 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. See the full list of the top 20 millionaire metropolises and megalopolises below. Jeff Bezos has been smiling all the way to the. Heres a list of countries with the highest number of US dollar millionaires per capita and it may surprise you. It has low unemployment and a highper capita GDP at$54,800 (34,988). American states with highest ratio of millionaire households per capita in 2020. Total population:23 million, according to National Bureau of Statistics of People's Republic of China (last reported in 2010). Taiwan. 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. 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. United States Andrew Burton/Getty Images The US has 724 billionaires, led by Elon Musk, the CEO. currently looking to buy out the embattled Plus500 trading firm. Bjorgolfsson is worth around $1.28 billion (817 million). I'm trying to figure out how we compare to other cities across the country when it comes to homeless populations per capita. highly developed and successful free-market economy and is corruption-free. Taiwan jumped into the top ten this year, thanks to four new billionaires. Learn more about how Statista can support your business. 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. And with roughly 40 million residents, it's also the most populous state in the country. Sweden is famed for its high standards of living as well as itsmixed system of high-tech capitalism and extensive welfare benefits. Japan came third with 3.03 million and 187,000 newcomers. Singapore is one of the wealthiest countries with aper capita GDP higher than that of most developed countries. Offers may be subject to change without notice. In all, we found 2,668 ten-figure fortunes this yeardown from 2,755 last year. To use individual functions (e.g., mark statistics as favourites, set How Does U.S. Electricity Generation Change Over One Week? Total population:2.16 million, according to Department of Paris (last reported in 2019). Countries Ranked by Billionaires in Proportion to Population The Netherlands was the only new entrant into the top 10, swapping places from 10th to 11th with Australia. Total population:Approximately 3.9 million, according to the US Census Bureau. Taxes are largely levied by cantons and some offer flat rates. 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. This creates new wealth, adding to the ranks of the existing asset-rich HNWIs there. When it comes to wealth per capita, its clear that Australia and Switzerland lead the pack. 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. global citizen in the 21st century and how you can join the movement. There is no reason to expect that comparable conditions will occur in the near future.. This growing inequality gap knocks the country down to 18th place for median wealth. May 28, 2020. These 20 Countries and Territories Have the Most Billionaires 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). 3. 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. Instant city The city has always been unique. 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 Rights Reserved. Maryland. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. 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. 25 Richest Cities in the US 2022 - Wealthiest Cities in America - Veranda 9.72 %. In recent years (since 2015) the impact of equity markets on HNWI population growth is more important than GDP growth as economic growth stabilizes across markets, ie the stabilizing of the high growth period seen by emerging markets like China and India.. Please do not hesitate to contact me. 33 Incredible Millionaire Statistics [2023]: 8.8% Of US Adults Are Show sources information Founder of Nomad Capitalist and the worlds most sought-after expert on global citizenship. The finance and investments industry produces the highest number of millionaires. 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. Based on the evidence since the financial crisis, secular global wealth growth appears to be closely aligned with global GDP growth. Are you a single adult who lives alone? Which Countries Have the Most Wealth Per Capita? statistic alerts) please log in with your personal account. Lansdown is worth $2.1 billion (1.3 billion) after co-founding British financial-services firm Hargreaves Lansdown. The biggest reason for the drop? 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. Despite having roughly 1.4 billion people, China comes a distant second with only about 5.28 million millionaires. Its richest person is fine art dealerDavid Nahmad with a net worth of $1.85 billion (1.2 billion). Thanks to said oil riches, residents pay zero income tax and very few other taxes. Statista. 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. This industry has 371 billionaires that work within it, not to mention millionaires. 3. 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). Looking to retire outside of the U.S.? $60,999. It isnt exactly cheap living here, in large part thanks to an astronomical real estate boom, but the price of low taxation is rarely insignificant. The number of US millionaires is surging. Here are 7 countries with the 5. Entrepreneurialism can thrive in any economic conditions, but some studies have shown that wealth growth is most closely aligned with GDP growth. Timeline: Cannabis Legislation in the U.S. Visualizing the Relationship Between Cancer and Lifespan, Global EV Production: BYD Surpasses Tesla. While using such a metric certainly gives a quick snapshot of wealth per capita, it doesnt necessarily show the complete picture. Sweden's billionaires: They have more per capita than the United States. The thirteenth edition of the Global Wealth Report shows continued wealth growth across all regions led by North America and China. This includesSwedish video game programmer and designerMarkus Alexej Persson who founded the Mojang video game company which made the insanely popular Minecraft video game. 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. Clockwise from top-left: India, Germany, U.S., China, This is a BETA experience. Well send our best articles, videos, and exclusive content right to your inbox. A paid subscription is required for full access. 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. There are a record 735 billionaires in the U.S., which remains the leading country for billionaires. PlayTech is currently looking to buy out the embattled Plus500 trading firm. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. However, it still has five billionaires under its belt. 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 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. Total population: 8.4 million, according to the US Census Bureau. [Online]. 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 As a Premium user you get access to the detailed source references and background information about this statistic. In, Credit Suisse. But Capgemini warns that while 2021 was a strong growth year, 2022 could see different trends. Profit from the additional features of your individual account. 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. Total population: 5.1 million, according to the Australian Bureau of Statistics (last reported in 2021). 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. Consumption of Fuel and Materials per Capita, The Periodic Table of Commodity Returns (2013-2022), Visualizing 25 Years of Lithium Production, by Country, Ranked: The Worlds Largest Copper Producers, Mapped: Air Pollution Levels Around the World in 2022. 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. 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. According to this methodology, Virginia is currently the best state for retirement. What are the taxes in Italy? Total population: 1.3 million, according to the US Census Bureau. Top 10 Countries With The Most Billionaires Per Capita The median wealth for this group reaches $100, which is close to the average value. A staggering 61.6% of the global HNWI population now live in these four countries, up from 61.1% at the start of 2018. In the first group, wealth is distributed more evenly, with the disparity between the lowest-paid and highest-paid being $300. Countries With The Most Millionaires. Hong Kong is seen as the financial gateway into mainland China and has a free market economy. FORTUNE may receive compensation for some links to products and services on this website. Lets see how this shakes out when ranking the worlds most affluent countries. Total population:9 million, according to London Datastore. The United Kingdom and Canada are fourth and fifth with around . 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. Across North America, the HNW population grew by 13.2%. 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. The Countries With The Most Millionaires [Infographic] - Forbes wealth growth in North America outpaced that of Asia-Pacific for the first time since 2012. 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. Check out this graphic on the top 25 countries to retire in. 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. Thats up from 724 billionaires a year ago. Beyond its storied tradition as a banking haven and stable economy, Switzerland offers a unique taxation opportunity for those that live there. The Golden State boasts the largest economy in the U.S., with a gross state product of about $3 trillion. Global Wealth Report - Credit Suisse 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.
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