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. 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. 2 . Third-placed Colorado is a mirror of Florida, offering excellent health care but a lower quality of life in comparison. The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. statistic alerts) please log in with your personal account. Learn more about how Statista can support your business. 3. 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. In fact, the data shows that both nations top the lists for both mean and median wealth. Based on the evidence since the financial crisis, secular global wealth growth appears to be closely aligned with global GDP growth. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The 25 countries with the highest HNWI populations. The US dominates the list with a total of 6 cities in the top 20. San Francisco had the. 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). According to the Boston Consulting Group, the United States leads the pack with around 7,085,000 households being millionaires in 2017. Total population: Approximately 200,000, according to United Nations (last reported in 2017). 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. [1] [dubious - discuss] Regions by number and percentage of millionaires [ edit] 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. Clockwise from top-left: India, Germany, U.S., China, This is a BETA experience. 2023 Fortune Media IP Limited. Here are the 20 countries and territories with the biggest number of the world's billionaires: 1. Please create an employee account to be able to mark statistics as favorites. Total population: 1.3 million, according to the US Census Bureau. 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 Capgemini's World Wealth Report 2022. global citizen in the 21st century and how you can join the movement. While Singapores tax scheme is a bit less liberal than that of Hong Kong, it is also territorial in nature. 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. Lebanon has a free-market economy and now houses seven billionaires, including telecoms magnate and former Prime MinisterNajib Mikati. Between the skyscrapers and bright lights, it seems like millionaires just can't pull themselves away from allure of the concrete jungle. $212,375. 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. Confiscatory tax rates, along with double taxation, are prohibited by the constitution. 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 Leave a comment below. The United States boasts 41% of the world's millionaires, but it's 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). What are the taxes in Italy? The number of U.S. millionaires increased by about 13.5% last year. The Czech Republic (or Czechia, as its known to its inhabitants) is a landlocked country situated smack bang in the middle of Europe. KuwaitThanks to its significant oil reserves, 11.8% of Kuwaitis are US-dollar millionaires. Bjorgolfsson is worth around $1.28 billion (817 million). (May 28, 2020). Beyond its storied tradition as a banking haven and stable economy, Switzerland offers a unique taxation opportunity for those that live there. Japan came third with 3.03 million and 187,000 newcomers. The thirteenth edition of the Global Wealth Report shows continued wealth growth across all regions led by North America and China. 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. Profit from the additional features of your individual account. Timeline: Cannabis Legislation in the U.S. Visualizing the Relationship Between Cancer and Lifespan, Global EV Production: BYD Surpasses Tesla. statistic alerts) please log in with your personal account. The US dominates the list with a total of 6 cities in the top 20. The ranks of rich Americans continued to swell last yearand the economic recovery from the pandemic certainly helped the rich continue to get richer. While using such a metric certainly gives a quick snapshot of wealth per capita, it doesnt necessarily show the complete picture. May 28, 2020. Total population:23 million, according to National Bureau of Statistics of People's Republic of China (last reported in 2010). Luxembourg. Kuwait is the fifth richest country in the world, as measured by GDP per capita, with $70,914 per person. In, Credit Suisse. California and New York are the top two U.S. states with the most billionaires, each claiming more than 100 billionaire residents. It's sole billionaire is the elusive Jacky Xu, who is originally from China. It is also home toStein Erik Hagen, who founded discount supermarket Rimi with his father in the 1970s. But Capgemini warns that while 2021 was a strong growth year, 2022 could see different trends. Are you interested in testing our business solutions? 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. In the second group, this gap climbs to $495, and the median wealth drops sharply to only $30. This includes, Swedish video game programmer and designer. Total population:37.3 million, according to World Population Review. China is in second place with 2,124,000 households while Japan comes in third with 1,244,000 households. Its free. Our animated chart this week uses data from the ninth Credit Suisse Global Wealth report, which ranks countries by average wealth, calculated as gross assets per adult citizen. A staggering 61.6% of the global HNWI population now live in these four countries, up from 61.1% at the start of 2018. This is a list of countries by the number of millionaires by net worth (in United States dollars) based on an annual assessment of wealth and assets compiled and published by the Swiss bank Credit Suisse. Capgemini estimates that as of the end of April, global wealth among HNW individuals had already declined about 4% from 2021 levels. In its Global Wealth Report last October, Credit Suisse analysis found this trend was particularly prevalent following the financial crisis, as the Chinese and Indian economies grew at super-normal rates. Footnote: All data estimates are using mid-2018 values, and reflected in US$. 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). Total global wealth grew by 9.8% and wealth per adult reached USD 87,489. In North America, 32% of millionaires total investments is in stocks, compared to just 29% of the global average. 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. During the second world war, Los Alamos was. And with roughly 40 million residents, it's also the most populous state in the country. Learn more about how Statista can support your business. The combination of higher asset ownership and that ability to lure the top entrepreneurial talent looks set to reinforce the status quo of the countries with the most millionaires. to incorporate the statistic into your presentation at any time. Number of billionaires: 19 Population: 5,469,700 Population per one billionaires: 287,879 Singapore is one of the wealthiest countries with a per capita GDP higher than that of most. 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. Some of the biggest losers include oil magnate Vagit Alekperov and Alexey Mordashov, previously the richest person in Russia. per capita GDP at$54,800 (34,988). Its richest person is fine art dealerDavid Nahmad with a net worth of $1.85 billion (1.2 billion). One possible reason is that the pay gap ratio between Japanese CEOs and the average worker is much lower than other developed nations. 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. Switzerland is the perfect breeding ground for billionaires with its highly skilled labour force and low corporate tax rates. Hong Kong More than 200,000 residents of this Special Administrative Region of China - about 8.8% to be exact - are US dollar millionaires. 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. Please do not hesitate to contact me. Statista. Connecticut The 5,567 square mile state of Connecticut ranked third in the US in the number of millionaires per capita. Globally, the population of those with more than a million in assets grew by about 8%. Now there's a new number one. 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. The median wealth for this group reaches $100, which is close to the average value. You need at least a Starter Account to use this feature. 9.44 %. #20. 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. Lansdown is worth $2.1 billion (1.3 billion) after co-founding British financial-services firm Hargreaves Lansdown. However, it still has five billionaires under its belt. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. I write about wealth, the wealthy and investment. 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. 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][dubious discuss], * indicates links to articles on the economy of the country or territory. Total population:815,000, according to the US Census Bureau. This growing inequality gap knocks the country down to 18th place for median wealth. .mw-parser-output table.static-row-numbers{counter-reset:rowNumber}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable{counter-reset:rowNumber -1}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable.static-row-header-two{counter-reset:rowNumber -2}.mw-parser-output table.static-row-numbers tr::before{display:table-cell;padding-right:0.5em;text-align:right}.mw-parser-output table.static-row-numbers tr::before{content:""}.mw-parser-output .static-row-numbers-skip{counter-increment:rowNumber}.mw-parser-output table.static-row-numbers.sortable tbody tr:not(.static-row-header):not(.static-row-numbers-norank)::before,.mw-parser-output table.static-row-numbers:not(.sortable) tbody tr:not(:first-child):not(.static-row-header):not(.static-row-numbers-norank)::before{counter-increment:rowNumber;content:counter(rowNumber);padding-right:0.5em;padding-left:0.5em;vertical-align:inherit}.mw-parser-output .static-row-header-text thead tr::before{content:"No. Founder of Nomad Capitalist and the worlds most sought-after expert on global citizenship. 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%. 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. Thor Bjorgolfsson. This includesSwedish video game programmer and designerMarkus Alexej Persson who founded the Mojang video game company which made the insanely popular Minecraft video game. All rights reserved. Not all developed . There were 587,000 new millionaires created in the U.S. last year, more than double the number that joined the ranks in Japan, the country with the second most high net worth individuals (HNWI). Weve advised our clients on more than 100 citizenship options, from often-overlooked ancestry programs, to fast-tracked investment options, and even exclusive programs for HNWIs. Capgeminis agreed to a point in its World Wealth Report 2020 this month. This industry has 371 billionaires that work within it, not to mention millionaires. Email reporterAlicia Adamczyk to share your story for a future article. The finance and investments industry produces the highest number of millionaires. mixed system of high-tech capitalism and extensive welfare benefits. You can find more videos, talks, and other content related to Finance & Global Citizen on our YouTube channel. See which states score the highest in terms of affordability, quality of life, and health care. Check out this graphic on the top 25 countries to retire in. 5. In all, we found 2,668 ten-figure fortunes this yeardown from 2,755 last year. Singapore is one of the wealthiest countries with aper capita GDP higher than that of most developed countries. Connecticut was ranked second in median household income and in 2016 stood at roughly $72,889. "Countries with The Highest Proportion of Millionaires in 2021. Currently, you are using a shared account. Total population:2.7 million, according to the US Census Bureau. Where are Clean Energy Technologies Manufactured? As a Premium user you get access to the detailed source references and background information about this statistic. 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. Accessed May 02, 2023. https://www.statista.com/statistics/294941/largest-ratio-millionaire-households-per-capita-us/, Kiplinger. 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. SwitzerlandSome 9.5% of the Swiss are millionaires, placing the central European country fourth. 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. (September 1, 2022). Japan, with a population of about 126 million, has roughly 3.66 million millionaires. Across the world, Abu Dhabi and Dubai appear to have some of the fastest growing populations of millionaires, according to the report. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Monaco is home to 12,261 millionaires in less than one square mile. 9.76 %. Hong Kong is seen as the financial gateway into mainland China and has a free market economy. There are a record 735 billionaires in the U.S., which remains the leading country for billionaires. He and his family are worth $4.5 billion (2.8 billion). However, due to Iceland's small population, Iceland makes number 8 in the list. Jeff Bezos has been smiling all the way to the. Privacy Policy and Cookie PolicyNomad Capitalist and Go Where Youre Treated Best are registered trademarks. 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. Instant city The city has always been unique. 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. 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? Copyright 2012-2023, Nomad Capitalist Limited. According to this methodology, Virginia is currently the best state for retirement. Texas had the second highest number, with 566,000, followed by New York with 465,000. The San Francisco area, which came in second, saw its billionaire index increase 4% over that time frame, according to data collected by the intelligence firm New World Wealth. Asset price inflation and/or U.S. dollar depreciation can temporarily flatter the wealth growth figures, but cannot alter the longer-term trends. All Rights Reserved. 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:9 million, according to London Datastore. However, thats where the similarities end. Another country shedding billionaires: Russia. 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. 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%. Visualizing the Flow of Energy-Related CO2 Emissions in the U.S. The total net worth of all millionaires stood at around $158.261trillion. Entrepreneurialism can be found in many places, but its where its easier to do business that income and wealth creation can pick up momentum. Visualized: The Largest Trading Partners of the U.S. Visualizing 90 Years of Stock and Bond Portfolio Performance, Visualizing the Link Between Unemployment and Recessions, Timeline: The Shocking Collapse of Silicon Valley Bank, Decoding Googles AI Ambitions (and Anxiety), Ranked: Americas 20 Biggest Tech Layoffs Since 2020, Infographic: Generative AI Explained by AI, Ranked: The Best U.S. States for Retirement, Ranked: The U.S. Banks With the Most Uninsured Deposits, De-Dollarization: Countries Seeking Alternatives to the U.S. Dollar. 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. New Jersey. $58,905. 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. The largest economic sectors in California are agriculture, media, tourism, and technology. 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. ", 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. New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. 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. 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. You may notice that prioritizing one dimension will often come at a trade-off in others. Credit Suisse. In 2014 it was the world's biggest capital exporter, with a trade surplus of $285 billion. Phoenix . 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). So it's surprising that it counts only three people as billionaires as its residents. Show publisher information California had the most millionaires in total 885,000 but it ranked 10th in terms of per capita. 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.
Make Your Own Heartstopper Character,
Hard, Immovable Lump On Scalp,
Where Is Mcgee And Co Furniture Made,
Articles W