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. 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 argue, for example, that calculating the mean doesnt factor in the gap between the richest and poorest in a populationalso known as wealth inequality. This U.S. City Is the Richest On Earth (Here Are the Top 10) New Jersey. Top 10 Countries With The Most Billionaires Per Capita PlayTech is currently looking to buy out the embattled Plus500 trading firm. The Golden State boasts the largest economy in the U.S., with a gross state product of about $3 trillion. Chart. It has low unemployment and a highper capita GDP at$54,800 (34,988). Total population:791,000, according to World Population Review. Currently, you are using a shared account. Christos Lazari is worth $2.2 billion (1.4 billion) and is a self-made billionaire from London property investments. 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. Visualizing the Flow of Energy-Related CO2 Emissions in the U.S. The US dominates the list with a total of 6 cities in the top 20. The population ratio is based on 1 Jul 2019 U.S. Census Bureau data. Kuwait is the fifth richest country in the world, as measured by GDP per capita, with $70,914 per person. N ew York City has taken back its crown. Based on the evidence since the financial crisis, secular global wealth growth appears to be closely aligned with global GDP growth. Texas had the second highest number, with 566,000, followed by New York with 465,000. The continent's largest economy also has the most numbers of millionaires in Europe. The total net worth of all millionaires stood at around $158.261trillion. See which states score the highest in terms of affordability, quality of life, and health care. While China is growing more millionaires than any other country, Hong Kong has some of the most millionaires per capita 5. Chart: The Countries With The Most Millionaires | Statista "American states with highest ratio of millionaire households per capita in 2020." The largest economic sectors in California are agriculture, media, tourism, and technology. SingaporeNot far behind Hong Kong in the race for economic freedoms top spot, Singapore is home to the worlds second highest number of millionaires by capita at 17.1%. Show publisher information What is the most important aspect of retirement planning? 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. $212,375. The Swiss franc currency has been on quite a roll in recent years, too, remaining a top safe haven currency in Europe. Does Portland covertly have the most homeless persons per capita As a Premium user you get access to background information and details about the release of this statistic. When it comes to wealth per capita, its clear that Australia and Switzerland lead the pack. These 20 Countries and Territories Have the Most Billionaires The Countries With The Most Millionaires [Infographic] - Forbes Countries With The Most Millionaires. Singapores status as a low-tax destination, home of clean air and low crime, and hub for finance in growing Southeast Asia has made it a top spot for wealthy individuals and entrepreneurs. American states with highest ratio of millionaire households per capita Business Solutions including all features. Atomic City, USA: how once-secret Los Alamos became a millionaire's According to this methodology, Virginia is currently the best state for retirement. Cyprus's economy grew at an average rate of about 4% during the first five years of European Union membership but later tanked following the eurozone sovereign debt crisis of 2010. Setting aside exchange rate movements, aggregate global wealth grew by 12.7% in 2021, which is the fastest an . 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 May 28, 2020. 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, 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. While using such a metric certainly gives a quick snapshot of wealth per capita, it doesnt necessarily show the complete picture. 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. Leading billionaire cities 2023 | Statista Statista. 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). Getting ready for retirement? Total population:815,000, according to the US Census Bureau. 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. 5. There are 34 fewer Russian billionaires this year, as share prices cratered, the ruble plummeted in value and sanctions hit Russian oligarchs assets. Taxes are largely levied by cantons and some offer flat rates. as well as other partner offers and accept our, mass migration of its moneyed classes in the past several years. 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. In fact, the data shows that both nations top the lists for both mean and median wealth. Capgemini estimates that as of the end of April, global wealth among HNW individuals had already declined about 4% from 2021 levels. US States With The Most Millionaires Per Capita - WorldAtlas Accessed May 02, 2023. https://www.statista.com/statistics/262687/countries-with-the-highest-rate-of-millionaires/, Credit Suisse. The United Kingdom and Canada are fourth and fifth with around . During the second world war, Los Alamos was. 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. Mapped: Asias Biggest Sources of Electricity by Country. 9.76 %. "Countries with the highest proportion of millionaires in 2021." 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. Having been voted the freest economy in the world for years now, Hong Kong is far from the worst place to be a millionaire. It's sole billionaire is the elusive Jacky Xu, who is originally from China. 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. List of countries by number of millionaires - Wikipedia And yet Los Alamos has more millionaires per capita than almost anywhere else in the country. Access your favorite topics in a personalized feed while you're on the go. A staggering 61.6% of the global HNWI population now live in these four countries, up from 61.1% at the start of 2018. 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. It has ahighly developed and successful free-market economy and is corruption-free. However, it has also fostered 23 billionaires as of this year. 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. 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. Please create an employee account to be able to mark statistics as favorites. 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. Please create an employee account to be able to mark statistics as favorites. 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. In 2014 it was the world's biggest capital exporter, with a trade surplus of $285 billion. Global Wealth Report - Credit Suisse The ideal entry-level account for individual users. Hong KongMore than 200,000 residents of this Special Administrative Region of China about 8.8% to be exact are US dollar millionaires. The Countries With The Most Millionaires In The World [1][dubious discuss], * indicates links to articles on the economy of the country or territory. He has a net worth of $3.5 billion (2.2 billion) and Forbes says: "Great Britain is his playground." 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. 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. Total population:7.4 million, according to World Bank. Beyond its storied tradition as a banking haven and stable economy, Switzerland offers a unique taxation opportunity for those that live there. Not only did more Americans . 12, 14 billionaires, population 9.56 million). Total global wealth grew by 9.8% and wealth per adult reached USD 87,489. Tough Times For Brazil And India And Its Millionaires Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Its richest person is fine art dealerDavid Nahmad with a net worth of $1.85 billion (1.2 billion). Which Countries are Buying Russian Fossil Fuels? Taiwan jumped into the top ten this year, thanks to four new billionaires. "}.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. ", 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. 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 ($61,667). China is in second place with 2,124,000 households while Japan comes in third with 1,244,000 households. Although Los Altos isn't the wealthiest city in the U.S., it does boast the highest median home value. Total population: 8.4 million, according to the US Census Bureau. All rights reserved. Share to Linkedin. Powered and implemented by Interactive Data Managed Solutions. "Countries with The Highest Proportion of Millionaires in 2021. Which Countries Have the Most Wealth Per Capita? September 1, 2022. To use individual functions (e.g., mark statistics as favourites, set But have you ever thought about where the best place is to retire? That could have big implications, especially since much of the growth seen last year was based on stock market performanceand many of these HNW individuals have major portions of their wealth tied up in stocks. (September 1, 2022). Characteristic. The final scores (visualized as the bars in the infographic above) represent each states weighted average across all metrics. Looking at Minnesota once more, we can see that the state is also one of Americas most expensive. Footnote: All data estimates are using mid-2018 values, and reflected in US$. 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.. Between the skyscrapers and bright lights, it seems like millionaires just can't pull themselves away from allure of the concrete jungle. Learn from our R&D playbook and meet like-minded people at our annual event. Please do not hesitate to contact me. currently looking to buy out the embattled Plus500 trading firm. 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. He founded theTrendy International Group of Guangzhou in China, which countsLVMH's financial vehicle L Capital as an investor. Thor Bjorgolfsson. The ranks of rich Americans continued to swell last yearand the economic recovery from the pandemic certainly helped the rich continue to get richer. 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%. In 2007, he sold it to Merck for $9 billion (5.7 billion). Profit from the additional features of your individual account. 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. 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. $58,905. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. Accessed May 02, 2023. https://www.statista.com/statistics/294941/largest-ratio-millionaire-households-per-capita-us/, Kiplinger. Where The Richest Live: The Cities With The Most Billionaires 2022 - Forbes 4. With reducing income inequality as a priority for many countries around the world, how might this list change in coming years? Third-placed Colorado is a mirror of Florida, offering excellent health care but a lower quality of life in comparison. 2023 Fortune Media IP Limited. Check out this graphic on the top 25 countries to retire in. Total population:2.7 million, according to the US Census Bureau. SwitzerlandSome 9.5% of the Swiss are millionaires, placing the central European country fourth. 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. 1. Total population: 2.3 million, according to the United States Census Bureau. 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. Connecticut was ranked second in median household income and in 2016 stood at roughly $72,889. Total population:5.6 million, according to World Bank. Top 5 countries with the most millionaires per capita Total population:23 million, according to National Bureau of Statistics of People's Republic of China (last reported in 2010). In, Credit Suisse. Israel is big on cut diamonds, high-tech equipment and pharmaceuticals. Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, Infographic: 11 Tech Trends to Watch in 2023. 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. 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 You may even want to move to one of these places. Altogether, Americas billionaires are worth $4.7 trillion, up from $4.4 trillion on last years list. Despite this difference, these countries also provide a strong safety netincluding access to healthcare and educationto more vulnerable citizens. 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. $60,999. Ghanem said this is borne out by data from its World Wealth Reports of recent years. 15 Wild Facts About Monaco, Where 32% of Residents Are Millionaires 25 Richest Cities in the US 2022 - Wealthiest Cities in America - Veranda FORTUNE may receive compensation for some links to products and services on this website. The Future of 5G: Comparing 3 Generations of Wireless Technology. Perhaps the most famous Israeli billionaire right now isbachelor Teddy Sagi, who made his money setting up gambling software maker Playtech. Not every countrys ultra-rich set is worse off this year, however. So where you can do to fit in if you have a big suitcase of money? 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. 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. How Much Student Debt Does Each State Hold? And with roughly 40 million residents, it's also the most populous state in the country. Hong Kong More than 200,000 residents of this Special Administrative Region of China - about 8.8% to be exact - are US dollar millionaires. New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. 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. Sweden is famed for its high standards of living as well as itsmixed system of high-tech capitalism and extensive welfare benefits. Please do not hesitate to contact me. The biggest reason for the drop? 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. So it's surprising that it counts only three people as billionaires as its residents. Hong Kong is seen as the financial gateway into mainland China and has a free market economy. 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.
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