which country has the most millionaires per capita?geelong cats coaching staff 2022
Shutterstock/RossHelen The number of millionaires increased by 12% between 2013 and 2018, according to the 2019 Knight Frank. 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. Total population:9 million, according to London Datastore. American states with highest ratio of millionaire households per capita in 2020 [Graph]. 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. Then you can access your favorite statistics via the star in the header. The Countries With The Most Billionaires 2022 You may opt-out by, Counter-clockwise from top-left: India, Germany, U.S., China, Counter-clockwise from top-left: Ashwin Nagpal/Getty Images, George Pachantouris/Getty Images, Sylvain Sonnet/Getty Images, Alan Schein/Getty Images, Karsten May/Getty Images, Xiaoyang Liu/Getty Images, Waitforlight/Getty Images, Forbes' 36th Annual World's Billionaires List: Facts And Figures 2022, Where The Richest Live: The Cities With The Most Billionaires 2022, Billionaires 2022: These 4 Countries Got Their First Billionaire This Year, Forbes 36th Annual Worlds Billionaires List: Facts And Figures 2022, Trumps Net Worth Has Jumped An Estimated $600 Million Since He Left Office, How MacKenzie Scott Has Given Away BillionsAnd Is Still One Of The Worlds Richest Women, The Wealthiest Person In Crypto Climbs Into Worlds 20 Richest. Ranked: The Largest Bond Markets in the World. Another country shedding billionaires: Russia. While Singapores tax scheme is a bit less liberal than that of Hong Kong, it is also territorial in nature. 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. 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. Luxembourg. 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. Characteristic. 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. "Countries with The Highest Proportion of Millionaires in 2021. Despite this difference, these countries also provide a strong safety netincluding access to healthcare and educationto more vulnerable citizens. Check out this graphic on the top 25 countries to retire in. In, Kiplinger. 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. While using such a metric certainly gives a quick snapshot of wealth per capita, it doesnt necessarily show the complete picture. 3. The 20 Richest Countries in Europe - Money Inc Where The Richest Live: The Cities With The Most Billionaires 2022 - Forbes Total population: Approximately 200,000, according to United Nations (last reported in 2017). highly developed and successful free-market economy and is corruption-free. 1. Total population:791,000, according to World Population Review. Singapore is one of the wealthiest countries with aper capita GDP higher than that of most developed countries. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Eight of the 10 richest people in the world are American, led by the worlds number one richest, Elon Musk, whos worth an estimated $219 billion. 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. Not all developed . Statista. If you are an admin, please authenticate by logging in again. The US dominates the list with a total of 6 cities in the top 20. The Countries With The Most Millionaires In The World Hong Kong More than 200,000 residents of this Special Administrative Region of China - about 8.8% to be exact - are US dollar millionaires. Here are the 20 countries and territories with the biggest number of the world's billionaires: 1. The thirteenth edition of the Global Wealth Report shows continued wealth growth across all regions led by North America and China. However, it still has five billionaires under its belt. Kiplinger. The United Kingdom and Canada are fourth and fifth with around . New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. What is the most important aspect of retirement planning? FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. These 15 countries have the highest number of millionaires Currently, you are using a shared account. 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. Please do not hesitate to contact me. Japan has more millionaires per capita than any other country in the world. Lansdown is worth $2.1 billion (1.3 billion) after co-founding British financial-services firm Hargreaves Lansdown. These 20 Countries and Territories Have the Most Billionaires While China is growing more millionaires than any other country, Hong Kong has some of the most millionaires per capita 5. Not only did more Americans . He and his family are worth $4.5 billion (2.8 billion). Learn how our legal, holistic approach can help you. However, both nations also have the highest absolute household debt-to-GDP ratios in the world: in 2018, Switzerlands levels reached nearly 129%, while Australia followed behind at 120%. However, thats where the similarities end. Ghanem said this is borne out by data from its World Wealth Reports of recent years. Between the skyscrapers and bright lights, it seems like millionaires just can't pull themselves away from allure of the concrete jungle. Learn more about how Statista can support your business. This includesSwedish video game programmer and designerMarkus Alexej Persson who founded the Mojang video game company which made the insanely popular Minecraft video game. 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 Fredericksburg ranked No. 1 in Texas for millionaires per capita - mySA I write about wealth, the wealthy and investment. There are 34 fewer Russian billionaires this year, as share prices cratered, the ruble plummeted in value and sanctions hit Russian oligarchs assets. Lebanon has a free-market economy and now houses seven billionaires, including telecoms magnate and former Prime MinisterNajib Mikati. The Netherlands was the only new entrant into the top 10, swapping places from 10th to 11th with Australia. Based on this piece from last Summer, there were 1,479 homeless people being sheltered in Portland, over 500 who were "local homeless" (ie, not asylum seekers) ().This puts Portland at about 730 homeless persons per 100k residents, assuming the 500 number is correct and . With reducing income inequality as a priority for many countries around the world, how might this list change in coming years? He founded theTrendy International Group of Guangzhou in China, which countsLVMH's financial vehicle L Capital as an investor. (September 1, 2022). 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. United States Andrew Burton/Getty Images The US has 724 billionaires, led by Elon Musk, the CEO. Connecticut was ranked second in median household income and in 2016 stood at roughly $72,889. The total net worth of all millionaires stood at around $158.261 trillion. See the full list of the top 20 millionaire metropolises and megalopolises below. 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. 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. Switzerland is the perfect breeding ground for billionaires with its highly skilled labour force and low corporate tax rates. Here are some examples of what each dimension measures: Visit the source for the full list of metrics. The US dominates the list with a total of 6 cities in the top 20. 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. "American States with Highest Ratio of Millionaire Households per Capita in 2020. See which states score the highest in terms of affordability, quality of life, and health care. 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. Looking to retire outside of the U.S.? Andrew Henderson wrote the #1 best-selling book that redefines life as a diversified, N ew York City has taken back its crown. Across North America, the HNW population grew by 13.2%. 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. Hong KongMore than 200,000 residents of this Special Administrative Region of China about 8.8% to be exact are US dollar millionaires. 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. 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List of countries by number of billionaires - Wikipedia RANKED: The 19 countries with the most millionaires Clockwise from top-left: India, Germany, U.S., China, This is a BETA experience. The territory funds much of its limited government by property taxes, and imposes a territorial system of taxation where income earned from non-Hong Kong sources isnt taxed at all. Maryland. global citizen in the 21st century and how you can join the movement. It ranks lower in the list though when looking at the number of billionaires per proportion of the population. 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. $212,375. 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. This includes, Swedish video game programmer and designer. 3 University Park, Texas Brooks Kraft // Getty Images However, due to Iceland's small population, Iceland makes number 8 in the list. Currently, you are using a shared account. Profit from the additional features of your individual account. You need at least a Starter Account to use this feature. The firm defines millionaires as anyone with $1 million or more in investable assets. It has one of the most technologically advanced market economies in the world. American states with highest ratio of millionaire households per capita With 4.45 million individuals, China has the second highest millionaire population and it grew by 158,000 since 2018. In the first group, wealth is distributed more evenly, with the disparity between the lowest-paid and highest-paid being $300. Japan came third with 3.03 million and 187,000 newcomers. Then you can access your favorite statistics via the star in the header. 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.. 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). The 25 countries with the highest HNWI populations. Which Countries Have the Most Wealth Per Capita? The Countries With The Most Millionaires [Infographic] - Forbes currently looking to buy out the embattled Plus500 trading firm. 2 . 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. 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. Which Country Has the Most Millionaires? - WorldAtlas 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. The number of U.S. millionaires increased by about 13.5% last year. There is no reason to expect that comparable conditions will occur in the near future.. 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. How Does U.S. Electricity Generation Change Over One Week? Perhaps the most famous Israeli billionaire right now isbachelor Teddy Sagi, who made his money setting up gambling software maker Playtech. Three of them are billionaires. 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. Now there's a new number one. Millionaires in America 2020: All 50 States Ranked | Kiplinger To use individual functions (e.g., mark statistics as favourites, set It's richest resident is Li Ka-Shing, the self-made billionaire worth $33.5 billion (22.3 billion). KuwaitThanks to its significant oil reserves, 11.8% of Kuwaitis are US-dollar millionaires. $60,999. There are 1826 billionaires in the world and there are some countries that have hundreds of them. The States With The Most Billionaires 2020 - Forbes Global Wealth Report - Credit Suisse As a Premium user you get access to background information and details about the release of this statistic. 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. How Much Student Debt Does Each State Hold? Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, Infographic: 11 Tech Trends to Watch in 2023. Across the world, Abu Dhabi and Dubai appear to have some of the fastest growing populations of millionaires, according to the report. Countries Ranked by Billionaires in Proportion to Population 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. You may notice that prioritizing one dimension will often come at a trade-off in others. You can find more videos, talks, and other content related to Finance & Global Citizen on our YouTube channel. "Countries with the highest proportion of millionaires in 2021." The millionaires in the state account for approximately 7.75% of the population. Although Los Altos isn't the wealthiest city in the U.S., it does boast the highest median home value. The largest economic sectors in California are agriculture, media, tourism, and technology. 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. If you said finances, youre probably right. per capita GDP higher than that of most developed countries. Fortune wants to hear how inflation is affecting your budget. Jeff Bezoss $13 billion one day gain this week underlined the U.S.s status as the worlds center of wealth, but its not just him getting richer. FORTUNE may receive compensation for some links to products and services on this website. List of U.S. states by the number of billionaires - Wikipedia China is in second place with 2,124,000 households while Japan comes in third with 1,244,000 households. This statistic is not included in your account. 9.76 %. Total population: 5.1 million, according to the Australian Bureau of Statistics (last reported in 2021). 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. The Golden State boasts the largest economy in the U.S., with a gross state product of about $3 trillion. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Business Solutions including all features. Being strategic about location can make a big impact on your quality of life, and perhaps help your savings go just a bit further. 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. Norway Total number of billionaires: 15 Billionaires per million people: 2.9. Altogether, Americas billionaires are worth $4.7 trillion, up from $4.4 trillion on last years list.