To help break it down, weve visualized data from personal finance platform, WalletHub, which ranked the best U.S. states for retirement as of 2023. But Capgemini warns that while 2021 was a strong growth year, 2022 could see different trends. Ghanem said this is borne out by data from its World Wealth Reports of recent years. 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. "Countries with the highest proportion of millionaires in 2021." 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 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. Israel is big on cut diamonds, high-tech equipment and pharmaceuticals. Countries by the number of billionaires by net worth (USD) in 2017 No data or 0 1-5 6-10 11-50 51-100 101-500 501+ 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. Please do not hesitate to contact me. As a Premium user you get access to the detailed source references and background information about this statistic. You need at least a Starter Account to use this feature. 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). To use individual functions (e.g., mark statistics as favourites, set 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. See which states score the highest in terms of affordability, quality of life, and health care. Looking to retire outside of the U.S.? 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. Itis the world's third-largest natural gas exporter and seventh largest oil exporter. Welcome to our ultimate guide for obtaining a French residence permit in 2023. Our animated chart this week uses data from the ninth Credit Suisse Global Wealth report, which ranks countries by average wealth, calculated as gross assets per adult citizen. United States Andrew Burton/Getty Images The US has 724 billionaires, led by Elon Musk, the CEO. In 2007, he sold it to Merck for $9 billion (5.7 billion). 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. 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. Learn more about how Statista can support your business. The ranks of rich Americans continued to swell last yearand the economic recovery from the pandemic certainly helped the rich continue to get richer. 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. [Online]. Total population:815,000, according to the US Census Bureau. The United Kingdom and Canada are fourth and fifth with around . Size isnt everything either, Antonucci added, pointing out that the Netherlands completes the top 10, with Australia in 11th. Capgemini estimates that as of the end of April, global wealth among HNW individuals had already declined about 4% from 2021 levels. 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 is only going to get stronger. Total population:2.7 million, according to the US Census Bureau. 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). Then you can access your favorite statistics via the star in the header. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 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 biggest reason for the drop? Hong Kong. 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. Having been voted the freest economy in the world for years now, Hong Kong is far from the worst place to be a millionaire. Chart. 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. The US dominates the list with a total of 6 cities in the top 20. 4. Bjorgolfsson is worth around $1.28 billion (817 million). The number of U.S. millionaires increased by about 13.5% last year. You have Microsoft founder Bill Gates who tops the overall wealthiest people in the world list with a net worth of $79.4 billion (50.9 billion) and legendary investor Warren Buffett with $67.3 billion (43.2 billion) at third. 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%. Profit from the additional features of your individual account. global citizen in the 21st century and how you can join the movement. Opinions expressed by Forbes Contributors are their own. The lack of movement in the top 25 countries last year emphasizes this. 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. While Singapores tax scheme is a bit less liberal than that of Hong Kong, it is also territorial in nature. In, Credit Suisse. Another country shedding billionaires: Russia. The Future of 5G: Comparing 3 Generations of Wireless Technology. N ew York City has taken back its crown. With 4.45 million individuals, China has the second highest millionaire population and it grew by 158,000 since 2018. 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:9.7 million, according to Seoul Solution. Hong KongMore than 200,000 residents of this Special Administrative Region of China about 8.8% to be exact are US dollar millionaires. 2023 Fortune Media IP Limited. The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. Top 10 countries by the number of billionaires per capita 2013 African cities with the most billionaires, as of 2014 Educational attainment of billionaires worldwide, 2013 Timeline: Cannabis Legislation in the U.S. Visualizing the Relationship Between Cancer and Lifespan, Global EV Production: BYD Surpasses Tesla. 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. Credit Suisse. This includesSwedish video game programmer and designerMarkus Alexej Persson who founded the Mojang video game company which made the insanely popular Minecraft video game. Perhaps the most famous Israeli billionaire right now isbachelor Teddy Sagi, who made his money setting up gambling software maker Playtech. 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. The Netherlands was the only new entrant into the top 10, swapping places from 10th to 11th with Australia. 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. Last year, Beijing was the city home to the most billionaires in the world. Bjorgolfsson is worth around $1.28 billion (817 million). Although the Southeastern state does not excel in any one dimension, it scores consistently well across all three to create a very balanced retirement profile. This increased the HNWI (defined as having $1 million or more of investable assets) population in the U.S. to a record 5.91 million at the start of the year pre-Covid-19, ahead of Japan with 3.39 million, according to a report this month by Capgemini. Then you can access your favorite statistics via the star in the header. Japan came third with 3.03 million and 187,000 newcomers. Total population:9 million, according to London Datastore. According to this methodology, Virginia is currently the best state for retirement. September 1, 2022. One possible reason is that the pay gap ratio between Japanese CEOs and the average worker is much lower than other developed nations. India, the country with the third most billionaires, added 26 people to the three-comma club this year. Please create an employee account to be able to mark statistics as favorites. The firm defines millionaires as anyone with $1 million or more in investable assets. There is no reason to expect that comparable conditions will occur in the near future.. 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. currently looking to buy out the embattled Plus500 trading firm. The Swiss franc currency has been on quite a roll in recent years, too, remaining a top safe haven currency in Europe. China is in second place with 2,124,000 households while Japan comes in third with 1,244,000 households. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. So where you can do to fit in if you have a big suitcase of money? Entrepreneurialism can be found in many places, but its where its easier to do business that income and wealth creation can pick up momentum. Which Countries are Buying Russian Fossil Fuels? 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. Lets see how this shakes out when ranking the worlds most affluent countries. Founder of Nomad Capitalist and the worlds most sought-after expert on global citizenship.
which country has the most millionaires per capita?