Millionaires By Country

Economic growth and wealth accumulation vary significantly around the globe. One indicator of a country's overall prosperity is the number of millionaires residing within its borders. This measure provides insight into the scale of wealth distribution, the maturity of its economy, and the opportunities available for individuals to amass substantial personal fortunes.

Notable findings from the data include:

• With 24.5M individuals, the United States has the highest number of millionaires globally. This signifies the strength of the country's economy and the significant opportunities available for wealth creation.
• Following the United States, countries with the next highest number of millionaires are China (6.2M), Japan (3.4M), and the United Kingdom (2.8M). These nations each have strong economies and a high level of income inequality.
• Brazil, often branded as an emerging economy, has 266K millionaires, highlighting its development and rapid economic advancements. 
• Despite being a relatively small city-state, Singapore is home to 299K millionaires, indicating its appeal to wealthy individuals due to its strong economy, strategic location, and favorable tax regulations.
• Countries with developing economies like Vietnam and Colombia have fewer millionaires, with 49K and 39K, respectively, reflecting the economic disparities globally.

To sort the data in the table, click on the column headers.

Year: 2022

Source: Global Wealth Report