FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. This industry has 371 billionaires that work within it, not to mention millionaires. Thanks to said oil riches, residents pay zero income tax and very few other taxes. 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. Thor Bjorgolfsson. Copyright 2012-2023, Nomad Capitalist Limited. 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. It's richest resident is Li Ka-Shing, the self-made billionaire worth $33.5 billion (22.3 billion). According to this methodology, Virginia is currently the best state for retirement. Total population:9 million, according to London Datastore. Phoenix . It has one of the most technologically advanced market economies in the world. You only have access to basic statistics. Bjorgolfsson is worth around $1.28 billion (817 million). Learn more about how Statista can support your business. Thats up from 724 billionaires a year ago. The biggest reason for the drop? Countries with the highest proportion of millionaires in 2021 [Graph]. According to the Boston Consulting Group, the United States leads the pack with around 7,085,000 households being millionaires in 2017. 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. May 28, 2020. New Jersey. Countries Ranked by Billionaires in Proportion to Population Email reporterAlicia Adamczyk to share your story for a future article. Leave a comment below. This gives it a slight advantage over second place Florida, which excels in quality of life and affordability, but falls further behind in terms of health care. To use individual functions (e.g., mark statistics as favourites, set 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. #20. 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%. 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. Opinions expressed by Forbes Contributors are their own. Taiwan. 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. Chart: Automakers Adoption of Fuel-Saving Technologies, Explainer: What to Know About the Ohio Train Derailment, Infographic: 11 Tech Trends to Watch in 2023. "Countries with The Highest Proportion of Millionaires in 2021. 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). Hong Kong is seen as the financial gateway into mainland China and has a free market economy. This growing inequality gap knocks the country down to 18th place for median wealth. N ew York City has taken back its crown. 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. Maryland. Since it is dependent on international trade and finance, Hong Kong has become one of the most prominent financial centres in the world. bank this year as Amazon's share price surged. Total population: 19.6 million, according to National Bureau of Statistics of China (last reported in 2010). Total population:4.4 million, according to Australian Bureau of Statistics (last reported in 2011). 12, 14 billionaires, population 9.56 million). 25 Small Towns With Big Millionaire Populations | Kiplinger Texas had the second highest number, with 566,000, followed by New York with 465,000. PlayTech is currently looking to buy out the embattled Plus500 trading firm. 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. Several cities across the US are quickly catching up to the Big Apple, though, due in part to New York losing 12% of its wealthiest denizens over the first half of 2022. LIST: Top 20 World Cities With the Most Millionaires While using such a metric certainly gives a quick snapshot of wealth per capita, it doesnt necessarily show the complete picture. Capgeminis agreed to a point in its World Wealth Report 2020 this month. CareersPartner With UsBecome A VendorBook Us For SpeakingRequest An InterviewSocial Responsibility, ExpatFinanceOffshoreGlobal CitizenEntrepreneurCryptocurrency, ABOUT CONTACT +1 (979) 966-6623. It ranks lower in the list though when looking at the number of billionaires per proportion of the population. This includes, Swedish video game programmer and designer. The United Kingdom and Canada are fourth and fifth with around . Total population:2.7 million, according to the US Census Bureau. 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. Japan came third with 3.03 million and 187,000 newcomers. 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%. Germany . He and his family are worth $4.5 billion (2.8 billion). Size isnt everything either, Antonucci added, pointing out that the Netherlands completes the top 10, with Australia in 11th. currently looking to buy out the embattled Plus500 trading firm. Sweden is famed for its high standards of living as well as itsmixed system of high-tech capitalism and extensive welfare benefits. Clockwise from top-left: India, Germany, U.S., China, This is a BETA experience. ", 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. The Future of 5G: Comparing 3 Generations of Wireless Technology. In 2007, he sold it to Merck for $9 billion (5.7 billion). mixed system of high-tech capitalism and extensive welfare benefits. List of countries by number of billionaires - Wikipedia Dont limit yourself; let Nomad Capitalists unbiased approach help you find the best option. statistic alerts) please log in with your personal account. Perhaps the most famous Israeli billionaire right now isbachelor Teddy Sagi, who made his money setting up gambling software maker Playtech. The total net worth of all millionaires stood at around $158.261 trillion. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. With 4.45 million individuals, China has the second highest millionaire population and it grew by 158,000 since 2018. How Much Student Debt Does Each State Hold? 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. Their census has calculated the top 10 countries with the most billionaires per capita, which are as follows: 10. The continent's largest economy also has the most numbers of millionaires in Europe. Its richest person is fine art dealerDavid Nahmad with a net worth of $1.85 billion (1.2 billion). Switzerland is the perfect breeding ground for billionaires with its highly skilled labour force and low corporate tax rates. New York has the most millionaires of any world city, but lost 12% of them in the first half of 2022. 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. See which states score the highest in terms of affordability, quality of life, and health care. Denmark. But Stefan. Total population:6.7 million, according to Government of Canada 2021 Census report. Heres a list of countries with the highest number of US dollar millionaires per capita and it may surprise you. In the only other moves, Kuwait leapfrogged Saudi Arabia from 16th to 17th, with Sweden the biggest riser, jumping two places to 23rd, ahead of Thailand, up two to 24th and Indonesia, down two to 25th. 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. The Countries With The Most Billionaires 2022 as well as other partner offers and accept our, mass migration of its moneyed classes in the past several years. "American States with Highest Ratio of Millionaire Households per Capita in 2020. 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. per 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. Which Countries Have the Most Wealth Per Capita? Total population: 2.3 million, according to the United States Census Bureau. California had the most millionaires in total 885,000 but it ranked 10th in terms of per capita. Share to Linkedin. 2 . All told, there are 614 U.S. citizens on Forbes' 2020 World's. According to estimates, in the middle of 2021 there were 56million people worldwide whose assets exceeded one million dollars, of whom nearly 40% lived in the United States. 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. All rights reserved. Where are Clean Energy Technologies Manufactured? Currently, you are using a shared account. The top five industries for producing millionaires are: Finance and Investments Technology Manufacturing Fashion and Retail Healthcare Iceland used to have 6 billionaires on its shores before the financial crisis and now it is down to 1 - investorThor Bjorgolfsson. San Francisco had the highest number of billionaires of any city on the list. The US dominates the list with a total of 6 cities in the top 20. And with roughly 40 million residents, it's also the most populous state in the country. $60,999. Chart: The Countries With The Most Millionaires | Statista 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. statistic alerts) please log in with your personal 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. Hong Kong More than 200,000 residents of this Special Administrative Region of China - about 8.8% to be exact - are US dollar millionaires. 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. To use individual functions (e.g., mark statistics as favourites, set With 107 billionaire residents . Andrew Henderson wrote the #1 best-selling book that redefines life as a diversified, Please do not hesitate to contact me. The Swiss franc currency has been on quite a roll in recent years, too, remaining a top safe haven currency in Europe. If you said finances, youre probably right. The lack of movement in the top 25 countries last year emphasizes this. 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). However, while nations like China may house some of the world's richest people, with 400 billionaires, it doesn't actually have the highest number of billionaires in proportion to the population. 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. Are you interested in testing our business solutions? American states with highest ratio of millionaire households per capita [1] [dubious - discuss] Regions by number and percentage of millionaires [ edit] States with the most millionaires per capita - CNBC Jeff Bezoss $13 billion one day gain this week underlined the U.S.s status as the worlds center of wealth, but its not just him getting richer. Some of the biggest losers include oil magnate Vagit Alekperov and Alexey Mordashov, previously the richest person in Russia. List of U.S. states by the number of billionaires - Wikipedia Countries with the highest millionaire rate 2021 | Statista 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). See the full list of the top 20 millionaire metropolises and megalopolises below. Having been voted the freest economy in the world for years now, Hong Kong is far from the worst place to be a millionaire. Chart. Characteristic. There are 34 fewer Russian billionaires this year, as share prices cratered, the ruble plummeted in value and sanctions hit Russian oligarchs assets. In, Credit Suisse. In fact, the data shows that both nations top the lists for both mean and median wealth. Ranked: The Largest Bond Markets in the World. Show publisher information (May 28, 2020). So it's surprising that it counts only three people as billionaires as its residents. The collective wealth of the countrys billionaires has fallen from $584 billion last year to $320 billion this year. Norway is rich with natural resources and has a vibrant private sector, so it's little wonder how it managed to carve out 10 billionaires. 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 $600 Million Since He Left Office, How MacKenzie Scott Has Given Away BillionsAnd Is Still One Of The Worlds Richest Women, The Wealthiest Person In Crypto Climbs Into Worlds 20 Richest. 1. Footnote: All data estimates are using mid-2018 values, and reflected in US$. Entrepreneurialism can thrive in any economic conditions, but some studies have shown that wealth growth is most closely aligned with GDP growth. Total population:Approximately 3.9 million, according to the US Census Bureau. This two-island country in the West Indies wereamong the first islands in the Caribbean to be settled by Europeans. 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. The firm defines millionaires as anyone with $1 million or more in investable assets. 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. Where The Richest Live: The Cities With The Most Billionaires 2022 - Forbes At a respective 285,000 and 205,400, San . A paid subscription is required for full access. he worlds billionaires hail from all over the globe, with citizens of 75 countries or territories on six continents claiming a spot on Forbes 36th annual billionaires list. 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. During the second world war, Los Alamos was. The final scores (visualized as the bars in the infographic above) represent each states weighted average across all metrics. Show publisher information While Singapores tax scheme is a bit less liberal than that of Hong Kong, it is also territorial in nature. The U.S. scores highly on all three and its millionaire population is continuing to expand, growing by 675,000 since 2018. Setting aside exchange rate movements, aggregate global wealth grew by 12.7% in 2021, which is the fastest an . Being strategic about location can make a big impact on your quality of life, and perhaps help your savings go just a bit further. 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. However, the companys findings suggest rather than merely resulting in short-term fluctuations, asset prices actually surpassed GDP growth as the key driver of global wealth from 2015. 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%. 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. Between the skyscrapers and bright lights, it seems like millionaires just can't pull themselves away from allure of the concrete jungle. The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. Which of these most millionaires countries would you prefer to live in? Total population: 8.4 million, according to the US Census Bureau. Getting ready for retirement? Based on this piece from last Summer, there were 1,479 homeless people being sheltered in Portland, over 500 who were "local homeless" (ie, not asylum seekers) ().This puts Portland at about 730 homeless persons per 100k residents, assuming the 500 number is correct and . Three of them are billionaires. This includesSwedish video game programmer and designerMarkus Alexej Persson who founded the Mojang video game company which made the insanely popular Minecraft video game. Total population:1.83 million, according to the Zurich Department of Mayor (last reported in 2011). 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. Learn how our legal, holistic approach can help you. Are you a single adult who lives alone? 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. 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: 1.3 million, according to the US Census Bureau. 5. wealth growth in North America outpaced that of Asia-Pacific for the first time since 2012. A show of the countrys growing economy and influence, that percentage has been increasing. Profit from the additional features of your individual account. Ghanem said this is borne out by data from its World Wealth Reports of recent years. 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. to incorporate the statistic into your presentation at any time. The number of US millionaires is surging. Here are 7 countries with the 3 University Park, Texas Brooks Kraft // Getty Images US States With The Most Millionaires Per Capita - WorldAtlas 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. 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 the 20 countries and territories with the biggest number of the world's billionaires: 1. Countries With The Most Millionaires.
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