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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. A recent study has ranked Fredericksburg as the top Texas city for millionaires per capita, which might not be a surprise to those familiar with the area's high-class homes and amenities. .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. The Countries With The Most Millionaires In The World Sweden is famed for its high standards of living as well as itsmixed system of high-tech capitalism and extensive welfare benefits. The number of US millionaires is surging. Here are 7 countries with the In, Credit Suisse. To use individual functions (e.g., mark statistics as favourites, set Total population: 8.4 million, according to the US Census Bureau. These 20 Countries and Territories Have the Most Billionaires In all, we found 2,668 ten-figure fortunes this yeardown from 2,755 last year. Taiwan jumped into the top ten this year, thanks to four new billionaires. Across North America, the HNW population grew by 13.2%. List of U.S. states by the number of millionaire households Which Countries Have the Most Wealth Per Capita? 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. As soon as this statistic is updated, you will immediately be notified via e-mail. Shutterstock/RossHelen The number of millionaires increased by 12% between 2013 and 2018, according to the 2019 Knight Frank. mixed system of high-tech capitalism and extensive welfare benefits. United States Andrew Burton/Getty Images The US has 724 billionaires, led by Elon Musk, the CEO. This growing inequality gap knocks the country down to 18th place for median wealth. The Swiss franc currency has been on quite a roll in recent years, too, remaining a top safe haven currency in Europe. Capgeminis agreed to a point in its World Wealth Report 2020 this month. Please create an employee account to be able to mark statistics as favorites. The 25 countries with the highest HNWI populations. RANKED: The 19 countries with the most millionaires Leave a comment below. Lebanon has a free-market economy and now houses seven billionaires, including telecoms magnate and former Prime MinisterNajib Mikati. per capita GDP at$54,800 (34,988). One possible reason is that the pay gap ratio between Japanese CEOs and the average worker is much lower than other developed nations. Israel is big on cut diamonds, high-tech equipment and pharmaceuticals. The firm defines millionaires as anyone with $1 million or more in investable assets. But one country stands out on the list: Sweden (No. 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. Its free. The median wealth for this group reaches $100, which is close to the average value. The richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. 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. It's sole billionaire is the elusive Jacky Xu, who is originally from China. What are the taxes in Italy? 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. 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. Which Countries are Buying Russian Fossil Fuels? There is no reason to expect that comparable conditions will occur in the near future.. Ratio of millionaire households per capita. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Since it is dependent on international trade and finance, Hong Kong has become one of the most prominent financial centres in the world. 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. 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. Japan, with a population of about 126 million, has roughly 3.66 million millionaires. (May 28, 2020). The ideal entry-level account for individual users. The finance and investments industry produces the highest number of millionaires. Its richest person is fine art dealerDavid Nahmad with a net worth of $1.85 billion (1.2 billion). Connecticut The 5,567 square mile state of Connecticut ranked third in the US in the number of millionaires per capita. Total population:5.6 million, according to World Bank. 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). 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. Now there's a new number one. With 4.45 million individuals, China has the second highest millionaire population and it grew by 158,000 since 2018. He has a net worth of $3.5 billion (2.2 billion) and Forbes says: "Great Britain is his playground." 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. Show publisher information 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. Countries With The Most Millionaires. 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. Jeff Bezos has been smiling all the way to the. Despite this difference, these countries also provide a strong safety netincluding access to healthcare and educationto more vulnerable citizens. Does Portland covertly have the most homeless persons per capita Instant city The city has always been unique. 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 richest man in Switzerland isErnesto Bertarelli, who inherited pharmaceutical giant Serono. However, due to Iceland's small population, Iceland makes number 8 in the list. As a Premium user you get access to background information and details about the release of this statistic. statistic alerts) please log in with your personal account. 10 Richest States in USA 2022 - Wealthiest States in America - Veranda In 2014 it was the world's biggest capital exporter, with a trade surplus of $285 billion. Third-placed Colorado is a mirror of Florida, offering excellent health care but a lower quality of life in comparison. Total population:2.16 million, according to Department of Paris (last reported in 2019). Perhaps the most famous Israeli billionaire right now isbachelor Teddy Sagi, who made his money setting up gambling software maker Playtech. In 2019 the median home value was more than $2,000,000now, in 2022, Zillow reports that the typical home value in the California city is a whopping $4,150,436. After a $13 billion (8.3 billion) bailout, a raft of a capital controls, and unemployment rising to 16%, Cyprus has struggled to grow again. 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. The States With The Most Billionaires 2020 - Forbes Well send our best articles, videos, and exclusive content right to your inbox. 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. American states with highest ratio of millionaire households per capita in 2020 [Graph]. [1] [dubious - discuss] Regions by number and percentage of millionaires [ edit] currently looking to buy out the embattled Plus500 trading firm. According to estimates, in the middle of 2021 there were 56 million people worldwide whose assets exceeded one million dollars, of whom nearly 40% lived in the United States. Total population:1.83 million, according to the Zurich Department of Mayor (last reported in 2011). Another country shedding billionaires: Russia. The ranks of rich Americans continued to swell last yearand the economic recovery from the pandemic certainly helped the rich continue to get richer. per capita GDP higher than that of most developed countries. The United Kingdom and Canada are fourth and fifth with around . 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. Three of them are billionaires. You may notice that prioritizing one dimension will often come at a trade-off in others. 3. List of countries by number of millionaires - Wikipedia The 20 Richest Countries in Europe - Money Inc Iceland used to have 6 billionaires on its shores before the financial crisis and now it is down to 1 - investorThor Bjorgolfsson. 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. Entrepreneurialism can be found in many places, but its where its easier to do business that income and wealth creation can pick up momentum. 25 Richest Cities in the US 2022 - Wealthiest Cities in America - Veranda Hong Kong is seen as the financial gateway into mainland China and has a free market economy. 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. Profit from the additional features of your individual account. Christos Lazari is worth $2.2 billion (1.4 billion) and is a self-made billionaire from London property investments.