Confiscatory tax rates, along with double taxation, are prohibited by the constitution. Iceland used to have 6 billionaires on its shores before the financial crisis and now it is down to 1 - investorThor Bjorgolfsson. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. 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. As a Premium user you get access to background information and details about the release of this statistic. Itis the world's third-largest natural gas exporter and seventh largest oil exporter. Accessed May 02, 2023. https://www.statista.com/statistics/262687/countries-with-the-highest-rate-of-millionaires/, Credit Suisse. 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. 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. 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. Learn how our legal, holistic approach can help you. Their census has calculated the top 10 countries with the most billionaires per capita, which are as follows: 10. Connecticut The 5,567 square mile state of Connecticut ranked third in the US in the number of millionaires per capita. ", 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. 9.76 %. Mapped: Asias Biggest Sources of Electricity by Country. In fact, the United States doesnt appear on the list of most millionaires per capita, nor is it the richest country in the world. Statista. Oil wealth is evident in the country, as youd think they had invented the uber-luxury shopping mall just by walking around Doha. All told, there are 614 U.S. citizens on Forbes' 2020 World's. Singapore is one of the wealthiest countries with aper capita GDP higher than that of most developed countries. 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. No single Swede comes close to the epic wealth of a Bill Gates or a Warren Buffett. What is the most important aspect of retirement planning? These 20 Countries and Territories Have the Most Billionaires 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. Japan, with a population of about 126 million, has roughly 3.66 million millionaires. I'm trying to figure out how we compare to other cities across the country when it comes to homeless populations per capita. PlayTech is currently looking to buy out the embattled Plus500 trading firm. wealth growth in North America outpaced that of Asia-Pacific for the first time since 2012. 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. Are you interested in testing our business solutions? Currently, you are using a shared account. 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. Not only did more Americans . Its richest person is fine art dealerDavid Nahmad with a net worth of $1.85 billion (1.2 billion). Across the world, Abu Dhabi and Dubai appear to have some of the fastest growing populations of millionaires, according to the report. Show sources information FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Forbes Knight Frank's Wealth Report Hurun Global Rich List 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. Which Country Has the Most Millionaires? - WorldAtlas In, Credit Suisse. However, it still has five billionaires under its belt. Looking to retire outside of the U.S.? Founder of Nomad Capitalist and the worlds most sought-after expert on global citizenship. 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%. According to this methodology, Virginia is currently the best state for retirement. 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 population:5.6 million, according to World Bank. The Czech Republic (or Czechia, as its known to its inhabitants) is a landlocked country situated smack bang in the middle of Europe. 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. New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. FORTUNE may receive compensation for some links to products and services on this website. Chart. 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 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. Millionaires in America 2020: All 50 States Ranked | Kiplinger Please do not hesitate to contact me. Total global wealth grew by 9.8% and wealth per adult reached USD 87,489. 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. The United Kingdom and Canada are fourth and fifth with around . Please do not hesitate to contact me. Taiwan. China has had on-and-off Covid-19 outbreaks disrupting the supply chain and manufacturing, while Chinese heavyweight listings crashed amid concerns about regulation of tech companies and Beijings ties with Russia. You may even want to move to one of these places. Germany and China in third and fourth saw their HNWI numbers rise by 9% and 11% to 1.47 million and 1.32 million, respectively. The 25 countries with the highest HNWI populations. 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. However, due to Iceland's small population, Iceland makes number 8 in the list. Powered and implemented by Interactive Data Managed Solutions. 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. Total population: 19.6 million, according to National Bureau of Statistics of China (last reported in 2010). Total population:23 million, according to National Bureau of Statistics of People's Republic of China (last reported in 2010). Sweden is famed for its high standards of living as well as itsmixed system of high-tech capitalism and extensive welfare benefits. This U.S. City Is the Richest On Earth (Here Are the Top 10) Connecticut. 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. Not every countrys ultra-rich set is worse off this year, however. Welcome to our ultimate guide for obtaining a French residence permit in 2023. Germany . 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. Top 10 Countries With The Most Billionaires Per Capita 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. The U.S. houses the largest amount of billionaires in the world and continues to dominate the rankings for the world's richest people. What are the taxes in Italy? The top five industries for producing millionaires are: Finance and Investments Technology Manufacturing Fashion and Retail Healthcare Learn from our R&D playbook and meet like-minded people at our annual event. California and New York are the top two U.S. states with the most billionaires, each claiming more than 100 billionaire residents. Ghanem said this is borne out by data from its World Wealth Reports of recent years. The U.S. scores highly on all three and its millionaire population is continuing to expand, growing by 675,000 since 2018. If you said the United States, youd be wrong. These places tend to create a domestic base of entrepreneurs and also attract talent and capital more broadly, thus acting as a hub, he said. Statista. Countries with the highest proportion of millionaires in 2021 [Graph]. One possible reason is that the pay gap ratio between Japanese CEOs and the average worker is much lower than other developed nations. Check out this graphic on the top 25 countries to retire in. If you said finances, youre probably right. Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, Infographic: 11 Tech Trends to Watch in 2023. Then you can access your favorite statistics via the star in the header. 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.