Top 10 Countries With The Most Billionaires Per Capita Perhaps the most famous Israeli billionaire right now isbachelor Teddy Sagi, who made his money setting up gambling software maker Playtech. Not every countrys ultra-rich set is worse off this year, however. 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. 2023 Fortune Media IP Limited. List of countries by number of millionaires - Wikipedia Some of Chinas biggest losers include former chairman of Pinduoduo Colin Huang, chair of internet giant Tencent Holdings Ma Huateng and Jack Ma of Alibaba. Monaco is home to 12,261 millionaires in less than one square mile. 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. The largest economic sectors in California are agriculture, media, tourism, and technology. As a Premium user you get access to the detailed source references and background information about this statistic. 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). With 107 billionaire residents . American states with highest ratio of millionaire households per capita Learn more about how Statista can support your business. 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. FORTUNE may receive compensation for some links to products and services on this website. Connecticut. This includes, Swedish video game programmer and designer. Last year, Beijing was the city home to the most billionaires in the world. 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. Total population: 19.6 million, according to National Bureau of Statistics of China (last reported in 2010). 10 Richest States in USA 2022 - Wealthiest States in America - Veranda Concentration of millionaires: 4.87% Rank: 46 (Unchanged from last year) Median income for all households: $49,861 Median home value: $147,900 Alabama is another state where you don't need a. Are you a single adult who lives alone? Total population:5.6 million, according to World Bank. The 25 countries with the highest HNWI populations. Thanks to said oil riches, residents pay zero income tax and very few other taxes. Footnote: All data estimates are using mid-2018 values, and reflected in US$. You need at least a Starter Account to use this feature. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 5. Learn from our R&D playbook and meet like-minded people at our annual event. 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. 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%. Capgemini estimates that as of the end of April, global wealth among HNW individuals had already declined about 4% from 2021 levels. statistic alerts) please log in with your personal account. Lebanon has a free-market economy and now houses seven billionaires, including telecoms magnate and former Prime MinisterNajib Mikati. The Future of 5G: Comparing 3 Generations of Wireless Technology. 33 Incredible Millionaire Statistics [2023]: 8.8% Of US Adults Are It is also home toStein Erik Hagen, who founded discount supermarket Rimi with his father in the 1970s. List of U.S. states by the number of billionaires - Wikipedia Its free. 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. "Countries with The Highest Proportion of Millionaires in 2021. 25 Richest Cities in the US 2022 - Wealthiest Cities in America - Veranda 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. In fact, the United States doesnt appear on the list of most millionaires per capita, nor is it the richest country in the world. Total population: 5.1 million, according to the Australian Bureau of Statistics (last reported in 2021). The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Countries Ranked by Billionaires in Proportion to Population The total net worth of all millionaires stood at around $158.261 trillion. However, it has also fostered 23 billionaires as of this year. Accessed May 02, 2023. https://www.statista.com/statistics/294941/largest-ratio-millionaire-households-per-capita-us/, Kiplinger. The Swiss franc currency has been on quite a roll in recent years, too, remaining a top safe haven currency in Europe. 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 Capgeminis World Wealth Report 2022. The Countries With The Most Billionaires 2022 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. Offers may be subject to change without notice. The collective wealth of the countrys billionaires has fallen from $584 billion last year to $320 billion this year. The lack of movement in the top 25 countries last year emphasizes this. Share to Linkedin. 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. These 20 Countries and Territories Have the Most Billionaires Opinions expressed by Forbes Contributors are their own. Credit Suisse. Sweden's billionaires: They have more per capita than the United States. Total population:791,000, according to World Population Review. Top editors give you the stories you want delivered right to your inbox each weekday. 2 . Total population: 2.3 million, according to the United States Census Bureau. New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. Lets see how this shakes out when ranking the worlds most affluent countries. How Much Student Debt Does Each State Hold? Cyprus's economy grew at an average rate of about 4% during the first five years of European Union membership but later tanked following the eurozone sovereign debt crisis of 2010. In 2007, he sold it to Merck for $9 billion (5.7 billion). It ranks lower in the list though when looking at the number of billionaires per proportion of the population. If you said finances, youre probably right. What are the taxes in Italy? 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. to incorporate the statistic into your presentation at any time. Lansdown is worth $2.1 billion (1.3 billion) after co-founding British financial-services firm Hargreaves Lansdown. States with the most millionaires per capita - CNBC 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. The number of US millionaires is surging. Here are 7 countries with the But have you ever thought about where the best place is to retire? The Countries With The Most Millionaires In The World If you said the United States, youd be wrong. While using such a metric certainly gives a quick snapshot of wealth per capita, it doesnt necessarily show the complete picture. It has one of the most technologically advanced market economies in the world. 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. 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. (September 1, 2022). The growth was mostly spurred by investments in the stock market, with a particular focus on the technology sector. Hong KongMore than 200,000 residents of this Special Administrative Region of China about 8.8% to be exact are US dollar millionaires. By clicking Sign up, you agree to receive marketing emails from Insider Where are Clean Energy Technologies Manufactured? Japan, with a population of about 126 million, has roughly 3.66 million millionaires. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. $58,905. California and New York are the top two U.S. states with the most billionaires, each claiming more than 100 billionaire residents. Chart: The Countries With The Most Millionaires | Statista 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. If youre a successful business owner or investor, you may be tired of getting hit with higher taxes and scorn from your home country. All Rights Reserved. Total population:6.7 million, according to Government of Canada 2021 Census report. 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. Looking to retire outside of the U.S.? N ew York City has taken back its crown. Beyond its storied tradition as a banking haven and stable economy, Switzerland offers a unique taxation opportunity for those that live there. 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%. Countries with the highest millionaire rate 2021 | Statista In all, we found 2,668 ten-figure fortunes this yeardown from 2,755 last year. 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 size of the countries economies and the ease of doing business there will continue to draw in the top entrepreneurial talent from around the globe. Welcome to our ultimate guide for obtaining a French residence permit in 2023. Hong Kong. CareersPartner With UsBecome A VendorBook Us For SpeakingRequest An InterviewSocial Responsibility, ExpatFinanceOffshoreGlobal CitizenEntrepreneurCryptocurrency, ABOUT CONTACT +1 (979) 966-6623. These 15 countries have the highest number of millionaires Altogether, Americas billionaires are worth $4.7 trillion, up from $4.4 trillion on last years list. However, it still has five billionaires under its belt. Total global wealth grew by 9.8% and wealth per adult reached USD 87,489. per capita GDP at$54,800 (34,988). Now there's a new number one. Top 5 countries with the most millionaires per capita What is the most important aspect of retirement planning? 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. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. See below for more comprehensive results. Access your favorite topics in a personalized feed while you're on the go. Countries with the highest proportion of millionaires in 2021 [Graph]. Entrepreneurialism can be found in many places, but its where its easier to do business that income and wealth creation can pick up momentum. 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. Globally, the population of those with more than a million in assets grew by about 8%. The final scores (visualized as the bars in the infographic above) represent each states weighted average across all metrics. 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. Here are some examples of what each dimension measures: Visit the source for the full list of metrics. Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, Infographic: 11 Tech Trends to Watch in 2023. In this article on Chile residency we discuss the benefits of Chilean residency and the process of Nomad Capitalist has helped 1,000+ high-net-worth clients grow and protect their wealth safe from high taxes and greedy governments. The US dominates the list with a total of 6 cities in the top 20. 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. Singapore is one of the wealthiest countries with aper capita GDP higher than that of most developed countries. As a Premium user you get access to background information and details about the release of this statistic. 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 (Rihanna) on the ranking. Germany 1,199,000 The eurozone's largest economy also has the most millionaires in Europe. Andrew Henderson wrote the #1 best-selling book that redefines life as a diversified, 12, 14 billionaires, population 9.56 million). Connecticut was ranked second in median household income and in 2016 stood at roughly $72,889. With reducing income inequality as a priority for many countries around the world, how might this list change in coming years? In North America, 32% of millionaires total investments is in stocks, compared to just 29% of the global average.