The Global Millionaire Population

According to Credit Suisse, the century began with 13.9 million millionaires worldwide, only 0.37 percent of the adult population. Millionaires collectively owned to 158.3 trillion (44 percent of the global total).

Millionaire population, by country

There are now 47 million millionaires spread throughout the globe, but the U.S. is home to the enormous majority of them, with about 19 million millionaires. That’s a colossal 41 percent of the world’s total. That’s more than four times as many as second-place China.

The infographic below shows how many millionaires there are in every country.

How Many Millionaires There Are In Every Country
howmuch.net

Top 25 Countries Where the Most Millionaires Live

  1. U.S. – 18,614 thousand
  2. China – 4,447 thousand
  3. Japan – 3,025 thousand
  4. United Kingdom – 2,460 thousand
  5. Germany – 2,187 thousand
  6. France – 2,071 thousand
  7. Italy – 1,496 thousand
  8. Canada – 1,322 thousand
  9. Australia – 1,180 thousand
  10. Spain – 979 thousand
  11. Netherlands – 810 thousand
  12. Switzerland – 810 thousand
  13. India – 759 thousand
  14. South Korea – 741 thousand
  15. Taiwan (Chinese Taipei) – 528 thousand
  16. Hong Kong SAR – 516 thousand
  17. Sweden – 374 thousand
  18. Austria – 313 thousand
  19. Belgium – 279 thousand
  20. Brazil – 259 thousand
  21. Russia – 246 thousand
  22. Denmark – 237 thousand
  23. Singapore – 207 thousand
  24. New Zealand – 185 thousand
  25. Mexico – 173 thousand

But which nations have the largest proportion of millionaires relative to their populations?

The nations with the densest millionaire populations

The map below shows number of millionaires per 1,000 people. The United States and Switzerland will be the undisputed leaders in terms of the number of millionaires per 1000 people.

Map of millionaires across the world
Reddit user: JoeFalchetto

Millionaire population, by city


The infographic below depicts the millionaire population by city (Cities with >10 k millionaires, according to the Knight Frank report).

Source: visualcapitalist.com

London Is still a preferred destination for the world’s wealthiest people. There are over 350K millionaires in London and 4,750 people with a net worth of $30M+.

The United States Is home to a staggering 4.3 million millionaires, many of whom live In New York, Los Angeles, and the Bay Area.

Germany’s millionaires prefer Munich and Frankfurt over the nation’s capital.

Istanbul is forecasted to experience a 22% drop in its millionaire population over the next decade. If political Instability continues, that number could increase.

Moscow has over 68K millionaire residents.

Top cities in North America (number of millionaires)
1. New York City, USA – 339,200
2. Bay Area, USA – 180,300
3. Los Angeles, USA – 173,300
4. Toronto, Canada – 109,300
5. Miami, USA – 31,600
6. Washington D.C., USA – 31,200
7. Vancouver, Canada – 31,100

Top cities in Latin America (number of millionaires)
1. Mexico City, Mexico – 86,700
2. São Paulo, Brazil – 64,500
3. Rio de Janeiro, Brazil – 35,300
4. Buenos Aires, Argentina – 15,400
5. Bogota, Colombia – 14,900
6. Santiago, Chile- 10,800

Top cities in Europe (number of millionaires)
1. London, UK – 357,200
2. Frankfurt, Germany – 128,300
3. Paris, France – 110,900
4. Zurich, Switzerland – 109,200
5. Geneva, Switzerland – 104,300
6. Munich, Germany – 78,900
7. Moscow, Russia – 68,200
8. Rome, Italy – 64,300
9. Amsterdam, Netherlands – 42,600
10. Brussels, Belgium – 34,700

Top cities in the Middle East (number of millionaires)
1. Dubai, UAE – 50,400
2. Tel Aviv, Israel – 35,200
3. Istanbul, Turkey – 27,300
4. Doha, Qatar – 25,800
5. Abu Dhabi, UAE – 17,100
6. Riyadh, Saudi Arabia – 16,200
7. Tehran, Iran – 14,000
8. Jerusalem, Israel – 13,100

Top cities in Asia (number of millionaires)
1. Tokyo, Japan – 279,800
2. Hong Kong, Hong Kong – 227,900
3. Singapore, Singapore – 217,300
4. Beijing, China – 122,100
5. Osaka, Japan – 117,700
6. Shanghai, China – 117,600
7. Seoul, South Korea – 108,100
8. Taipei, Taiwan – 76,700
9. Mumbai, India – 46,100
10. Shenzhen, China – 31,400

Top cities in Oceania (number of millionaires)
1. Sydney, Australia – 106,800
2. Melbourne, Australia – 74,800
3. Auckland, New Zealand – 25,600

But the number of millionaires does not remain constant. Many are moving to a place where their money is safer.

The global migration of millionaires

The wealth exodus from China continues. Australia and the United States see big gains.

Map of millionaire migration
Source: visualcapitalist.com; Data: The AfrAsia Bank

The United States welcomed 10,000 High net worth individuals (persons with wealth over $1 million) in 2018. For the fourth year in a row, Australia beat out the United States as the top destination for migrating High net worth individuals (+12,000). Though China is seeing a lot of wealth migration, the country is still creating more millionaires than it’s losing.

Top countries by High net worth individuals outflows

CountryNet Outflow of High net worth individuals (2018)% of High net worth individuals lost
 China150000.02
 Russia70000.06
 India50000.02
 Turkey40000.1
 France30000.01
 United Kingdom30000
 Brazil20000.01
 Saudi Arabia10000.02
 Indonesia10000.02

Top countries by High net worth individuals inflows

CountryNet Inflow of High net worth individuals (2018)% of High net worth individuals Gained
 Australia120000.03
 United States100000
 Canada40000.01
 Switzerland30000.01
 United Arab Emerates20000.02
 Caribbean20000.03
 New Zealand10000.01
 Singapore10000
 Israel10000.01
 Portugal10000.02
 Greece10000.02
 Spain10000.01
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