Since it is dependent on international trade and finance, Hong Kong has become one of the most prominent financial centres in the world. You may even want to move to one of these places. [1][dubious discuss], * indicates links to articles on the economy of the country or territory. Jeff Bezos has been smiling all the way to the. This statistic is not included in your account. 2. Countries Ranked by Billionaires in Proportion to Population By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. global citizen in the 21st century and how you can join the movement. 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. In 2014, it was the . $60,999. Singapore is one of the wealthiest countries with aper capita GDP higher than that of most developed countries. Getting ready for retirement? 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. With 4.45 million individuals, China has the second highest millionaire population and it grew by 158,000 since 2018. Fredericksburg ranked No. 1 in Texas for millionaires per capita - mySA According to the Boston Consulting Group, the United States leads the pack with around 7,085,000 households being millionaires in 2017. Looking at Minnesota once more, we can see that the state is also one of Americas most expensive. 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 Japan has more millionaires per capita than any other country in the world. In 2014 it was the world's biggest capital exporter, with a trade surplus of $285 billion. Across the world, Abu Dhabi and Dubai appear to have some of the fastest growing populations of millionaires, according to the report. Total population:815,000, according to the US Census Bureau. Asset price inflation and/or U.S. dollar depreciation can temporarily flatter the wealth growth figures, but cannot alter the longer-term trends. Lets see how this shakes out when ranking the worlds most affluent countries. Currently, you are using a shared account. Total population:23 million, according to National Bureau of Statistics of People's Republic of China (last reported in 2010). San Francisco had the. Entrepreneurialism can be found in many places, but its where its easier to do business that income and wealth creation can pick up momentum. 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. The Countries With The Most Billionaires 2022 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. 33 Incredible Millionaire Statistics [2023]: 8.8% Of US Adults Are Total population:2.16 million, according to Department of Paris (last reported in 2019). 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. 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. The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. May 28, 2020. Christos Lazari is worth $2.2 billion (1.4 billion) and is a self-made billionaire from London property investments. Some of the biggest losers include oil magnate Vagit Alekperov and Alexey Mordashov, previously the richest person in Russia. Fortune wants to hear how inflation is affecting your budget. The Czech Republic (or Czechia, as its known to its inhabitants) is a landlocked country situated smack bang in the middle of Europe. Does Portland covertly have the most homeless persons per capita India, the country with the third most billionaires, added 26 people to the three-comma club this year. 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. Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, Infographic: 11 Tech Trends to Watch in 2023. LIST: Top 20 World Cities With the Most Millionaires Despite this difference, these countries also provide a strong safety netincluding access to healthcare and educationto more vulnerable citizens. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information ", 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. 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. Total population: 5.1 million, according to the Australian Bureau of Statistics (last reported in 2021). New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. The largest economic sectors in California are agriculture, media, tourism, and technology. President Vladmimir Putins invasion of Ukraineand the swift backlash of the international communitysent Russian markets into a freefall in February. Total population:37.3 million, according to World Population Review. The Netherlands was the only new entrant into the top 10, swapping places from 10th to 11th with Australia. While using such a metric certainly gives a quick snapshot of wealth per capita, it doesnt necessarily show the complete picture. California and New York are the top two U.S. states with the most billionaires, each claiming more than 100 billionaire residents. All told, there are 614 U.S. citizens on Forbes' 2020 World's. Total population: 2.3 million, according to the United States Census Bureau. Another country shedding billionaires: Russia. 1. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. N ew York City has taken back its crown. Perhaps the most famous Israeli billionaire right now isbachelor Teddy Sagi, who made his money setting up gambling software maker Playtech. Countries with the highest proportion of millionaires in 2021 [Graph]. From this perspective, the golden age at the start of the century was probably due to a favorable combination of factors, most especially the rapid transformation of China from an emerging nation in transition to a fully-fledged market economy, Credit Suisse said. If you are an admin, please authenticate by logging in again. While China is growing more millionaires than any other country, Hong Kong has some of the most millionaires per capita 5. While Russia which has witnessed a mass migration of its moneyed classes in the past several years had the largest outflow of millionaires of any country in the world. All Rights Reserved. 9.72 %. The top five industries for producing millionaires are: Finance and Investments Technology Manufacturing Fashion and Retail Healthcare 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. 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. Please create an employee account to be able to mark statistics as favorites. In fact, the United States doesnt appear on the list of most millionaires per capita, nor is it the richest country in the world. 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. 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. Email reporterAlicia Adamczyk to share your story for a future article. Having been voted the freest economy in the world for years now, Hong Kong is far from the worst place to be a millionaire. 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. All rights reserved. Japan came third with 3.03 million and 187,000 newcomers. Connecticut was ranked second in median household income and in 2016 stood at roughly $72,889. Opinions expressed by Forbes Contributors are their own. #20. The millionaires in the state account for approximately 7.75% of the population. Visualizing the Flow of Energy-Related CO2 Emissions in the U.S. Setting aside exchange rate movements, aggregate global wealth grew by 12.7% in 2021, which is the fastest an . 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. Total population:6.7 million, according to Government of Canada 2021 Census report. Well send our best articles, videos, and exclusive content right to your inbox. Phoenix . The States With The Most Billionaires 2020 - Forbes FORTUNE may receive compensation for some links to products and services on this website. 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. Iceland used to have 6 billionaires on its shores before the financial crisis and now it is down to 1 - investorThor Bjorgolfsson. 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 Not only did more Americans . mixed system of high-tech capitalism and extensive welfare benefits. Ranked: The Worlds 25 Richest Countries by GDP per Capita, Ranked: The 25 Poorest Countries by GDP per Capita, The Growing Auto Loan Problem Facing Young Americans, Ranked: The Worlds Wealthiest Cities, by Number of Millionaires. American states with highest ratio of millionaire households per capita This is a list of U.S. states and federal district by the number of billionaires as of 15 Sep 2020; the total of 642 billionaires includes 19 people whose state of residence is unknown at 15 Sep 2020, most of whom hold dual U.S. citizenship. Dont limit yourself; let Nomad Capitalists unbiased approach help you find the best option. Clockwise from top-left: India, Germany, U.S., China, This is a BETA experience. Copyright 2012-2023, Nomad Capitalist Limited. United States Andrew Burton/Getty Images The US has 724 billionaires, led by Elon Musk, the CEO. Please do not hesitate to contact me. What is the most important aspect of retirement planning? Check out this graphic on the top 25 countries to retire in. Mapped: Asias Biggest Sources of Electricity by Country. Chart: The Countries With The Most Millionaires | Statista 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. Germany . That includes everything from cash, checking, and savings accounts to investments in stocks, government bonds, and mutual funds. Between the skyscrapers and bright lights, it seems like millionaires just can't pull themselves away from allure of the concrete jungle. Offers may be subject to change without notice. Ghanem said this is borne out by data from its World Wealth Reports of recent years. However, it has also fostered 23 billionaires as of this year. Taiwan. Access your favorite topics in a personalized feed while you're on the go. However, thats where the similarities end. To use individual functions (e.g., mark statistics as favourites, set Connecticut The 5,567 square mile state of Connecticut ranked third in the US in the number of millionaires per capita. Beyond its storied tradition as a banking haven and stable economy, Switzerland offers a unique taxation opportunity for those that live there. 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. 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. 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%. This includesSwedish video game programmer and designerMarkus Alexej Persson who founded the Mojang video game company which made the insanely popular Minecraft video game. Bjorgolfsson is worth around $1.28 billion (817 million). Elias Ghanem, global head of market intelligence at Capgemini Financial Services, said: Our conclusion is that GDP and economic performance, as well as its impact on equity markets, played a key role in determining HNWI population growth over initial years of the last decade post the financial crisis (2009 2014).
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