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. There is no reason to expect that comparable conditions will occur in the near future.. May 28, 2020. [Online]. Founder of Nomad Capitalist and the worlds most sought-after expert on global citizenship. Email reporterAlicia Adamczyk to share your story for a future article. currently looking to buy out the embattled Plus500 trading firm. 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. 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.. Ghanem said this is borne out by data from its World Wealth Reports of recent years. Total population:6.7 million, according to Government of Canada 2021 Census report. 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%. Chart. See below for more comprehensive results. Entrepreneurialism can thrive in any economic conditions, but some studies have shown that wealth growth is most closely aligned with GDP growth. 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. Here are some examples of what each dimension measures: Visit the source for the full list of metrics. 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. No single Swede comes close to the epic wealth of a Bill Gates or a Warren Buffett. Total population:23 million, according to National Bureau of Statistics of People's Republic of China (last reported in 2010). As a Premium user you get access to the detailed source references and background information about this statistic. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Countries with the highest millionaire rate 2021 | Statista With 107 billionaire residents . 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. Norway Total number of billionaires: 15 Billionaires per million people: 2.9. 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%. However, it still has five billionaires under its belt. 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. By clicking Sign up, you agree to receive marketing emails from Insider The final scores (visualized as the bars in the infographic above) represent each states weighted average across all metrics. Which Countries Have the Most Wealth Per Capita? 9.76 %. Please create an employee account to be able to mark statistics as favorites. This U.S. City Is the Richest On Earth (Here Are the Top 10) ", Credit Suisse, Countries with the highest proportion of millionaires in 2021 Statista, https://www.statista.com/statistics/262687/countries-with-the-highest-rate-of-millionaires/ (last visited May 02, 2023), Countries with the highest proportion of millionaires in 2021 [Graph], Credit Suisse, September 1, 2022. If youre a successful business owner or investor, you may be tired of getting hit with higher taxes and scorn from your home country. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices The U.S. houses the largest amount of billionaires in the world and continues to dominate the rankings for the world's richest people. The United Kingdom and Canada are fourth and fifth with around . New Jersey. Connecticut. 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, U.S. states with lowest ratio of millionaire households per capita 2019, Number of centa-millionaires Pakistan 2006-2026, Number of millionaires Australia 2015-2025, Number of centa-millionaires Singapore 2006-2026, Share of millionaire households in selected European countries in 2014, Share of inflows of HNWIs Australia 2016 by city, Number of multi-millionaires Vietnam 2006-2026, Number of millionaires in Taiwan 2017-2021, Highest net inflows of HNWIs Australia 2016 by city, Ultra high net worth households in India 2010-2016, Number of centa-millionaires Malaysia 2006-2026, Number of multi-millionaires Thailand 2018-2024, Number of millionaires Sri Lanka 2006-2026, Number of centa-millionaires Thailand 2006-2026, Number of centa-millionaires Sri Lanka 2006-2026, Investments of high-net-worth individuals, Find your information in our database containing over 20,000 reports. KuwaitThanks to its significant oil reserves, 11.8% of Kuwaitis are US-dollar millionaires. There are 34 fewer Russian billionaires this year, as share prices cratered, the ruble plummeted in value and sanctions hit Russian oligarchs assets. 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. Total population: 19.6 million, according to National Bureau of Statistics of China (last reported in 2010). "American states with highest ratio of millionaire households per capita in 2020." You may even want to move to one of these places. He founded theTrendy International Group of Guangzhou in China, which countsLVMH's financial vehicle L Capital as an investor. American states with highest ratio of millionaire households per capita Visualizing the Flow of Energy-Related CO2 Emissions in the U.S. Third-placed Colorado is a mirror of Florida, offering excellent health care but a lower quality of life in comparison. This industry has 371 billionaires that work within it, not to mention millionaires. as well as other partner offers and accept our, mass migration of its moneyed classes in the past several years. The population ratio is based on 1 Jul 2019 U.S. Census Bureau data. 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. 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. But have you ever thought about where the best place is to retire? Profit from the additional features of your individual account. India, the country with the third most billionaires, added 26 people to the three-comma club this year. Total population: Approximately 200,000, according to United Nations (last reported in 2017).