In 2023, there were nearly 22 million people with a net worth of over one million U.S. dollars in the United States, which put the country on the top of the ranking. China was ranked second in that year, with more than six million individuals with wealth exceeding one million U.S. dollars. The United Kingdom followed in third with around three million millionaires.

Iceland was the country with the highest rate of millionaires worldwide in 2022, with more than 20 percent of the adult population owning assets worth more than one million U.S. dollars. Luxembourg followed behind with 16 percent of the population being millionaires, with Switzerland in third.

Research done by the Credit Suisse Research Institute states that the country with the highest number of millionaires is the U.S., with nearly 30 million millionaires and 17 million people with wealth up to $5 million! To put numbers in perspective, China, Japan, Germany, the U.K., and France, added together, have a total of 17 million millionaires!

In 2023, there were approximately six million millionaires in China. The number of millionaires in China was projected to increase to about 6.5 million by 2028, indicating a growth by around eight percent.

In 2019, there were 5.91 million millionaires in the United States. This makes the United States the country with the highest number of millionaires in the world. Japan is second, with 3.39 million millionaires in 2019.

Data from the Credit Suisse Global Wealth Report shows that in 2023 there were just under 30 million millionaires in the US.

According to the Hurun Global Rich List 2024, China housed the highest number of billionaires worldwide in 2024. In detail, there were 814 billionaires living in China as of January that year. By comparison, 800 billionaires resided in the United States. India, the United Kingdom, and Germany were also the homes of a significant number of billionaires that year. United States lost its first place As the founder and exporter of consumer capitalism, it is no surprise that the United States is home to a large number of billionaires. However, the United States has lost their place as the country with the most billionaires in the world to China. This rise of billionaires in China has coincided with the liberalization of its economy and successive high growth rates. However, North America still leads the way in terms of the highest number of ultra high net worth individuals – those with a net worth of more than fifty million U.S. dollars. The prominence of Europe and North America is a reflection of the higher degree of economic development in those states. However, this may also change as China and other emerging economies continue developing. Female billionaires Moreover, the small proportion of female billionaires does little to counter critics claiming the global economy is dominated by an elite comprised mainly of men. On the list of the 20 richest people in the world, only one was a woman. Moreover, recent political discourse has put a great amount of attention on the wealth held by the super-rich with the wealth distribution of the global population being heavily unequal.

New Jersey has the highest rate of millionaires, with 9.76% of households showing a net worth of $1 million or above. That means that 246,058 New Jersey households are millionaires.

South Africa was home to the highest number of millionaires in Africa as of 2023. The country had 37,400 high net worth individuals (HNWIs), corresponding to roughly one-third of the total number of millionaires on the continent. Second, in rank, Egypt counted 15,600 HNWIs. According to the source, approximately 135,000 HNWIs lived in Africa, each with one million U.S. dollars or more net assets, excluding government funds. The wealth value refers to assets such as cash, properties, and business interests held by individuals living in a country with fewer liabilities. The rich in Africa Compared to 2020, the number of African millionaires increased by nearly nine percent. This means that 11,000 people joined the group of individuals with minimum net assets of one million U.S. dollars. The number of centi- and multimillionaires has increased as well. In 2022, the Nigerian Aliko Dangote held the title of the wealthiest person in Africa. Founder and chairman of Dangote Cement, the largest cement producer in the whole African continent, the billionaire also owns salt and sugar manufacturing companies. His net worth is estimated at nearly 15 billion U.S. dollars. Trillions of U.S. dollars in riches Total private wealth in Africa amounted to 2.1 trillion U.S. dollars in 2021, a slight increase from 2020. That year, the coronavirus (COVID-19) pandemic had led to job losses, drops in salaries, and the closure of many local businesses. Compared to other African countries, South Africa concentrated the largest private wealth. Egypt, Nigeria, Morocco, and Kenya completed the leading wealth markets. The five nations accounted for over 50 percent of Africa’s total wealth in 2021.

Introduction

Millionaire Statistics: A millionaire is someone whose total wealth is equal to or more than one million units of currency. The value of one million can change depending on the currency used, and in some countries, the currency might not be worth as much due to inflation. This means that being a millionaire in certain places, like Hong Kong or Taiwan, may not be as impressive because the local currency has less value.

For example, in Zimbabwe in 2007, having a million units of currency would not have made someone wealthy due to extreme inflation. So, when people talk about being a millionaire, they usually mean having at least one million U.S. dollars ($), euros, or British pounds (£), which are considered strong currencies. We shall shed more light on Millionaire Statistics through this article.

In 2022, nearly 11,000 high net worth individuals (HNWIs) emigrated from China, the highest in the world that year. Moreover, 8,500 HNWIs left Russia that year. By comparison, 1,500 HNWIs emigrated from the United States.

The statistic shows a projection on countries worldwide with the most millionaires in 2020. It is beeing forecasted that in 2020 the United States are going to have approximately 7.3 million millionairs.

This statistic illustrates the leading 10 countries with the most millionaire households in 2013. In that year, Canada had a total of 384 millionaire households throughout the country.

The statistic shows countries or regions preferred by surveyed Chinese millionaires for higher education abroad as of 2024. That year, about 47 percent of surveyed millionaires in China chose the United States as the country to which they would send their children for undergraduate or higher level education.

This statistic shows the top ten countries with the most billionaires per capita in the world in 2015. In 2015, Monaco had the most billionaires per capita at 1 billionaire per 12,600 residents.

The statistic displays the number of households that own net private wealth of at least one million euros in Europe as of 2014. The countries with the largest number of millionaire households include Germany (1.4 million of ultra-rich households) and France (1.3 million households).

In 2024, the average annual per capita disposable income of rural households in China was approximately 23,119 yuan, roughly 43 percent of the income of urban households. Although living standards in China’s rural areas have improved significantly over the past 20 years, the income gap between rural and urban households is still large. Income increase of China’s households From 2000 to 2020, disposable income per capita in China increased by around 700 percent. The fast-growing economy has inevitably led to the rapid income increase. Furthermore, inflation has been maintained at a lower rate in recent years compared to other countries. While the number of millionaires in China has increased, many of its population are still living in humble conditions. Consequently, the significant wealth gap between China’s rich and poor has become a social problem across the country. However, in recent years rural areas have been catching up and disposable income has been growing faster than in the cities. This development is also reflected in the Gini coefficient for China, which has decreased since 2008. Urbanization in China The urban population in China surpassed its rural population for the first time in 2011. In fact, the share of the population residing in urban areas is continuing to increase. This is not surprising considering remote, rural areas are among the poorest areas in China. Currently, poverty alleviation has been prioritized by the Chinese government. The measures that the government has taken are related to relocation and job placement. With the transformation and expansion of cities to accommodate the influx of city dwellers, neighboring rural areas are required for the development of infrastructure. Accordingly, land acquisition by the government has resulted in monetary gain by some rural households.

This statistic presents the American states with highest ratio of millionaire households per capita in 2020. In that year, New Jersey had the highest ratio of millionaire households per capita in the country, with 9.76 percent of households holding over one million U.S. dollars in assets.

Amongst the selected Latin American countries, Mexico registered the largest average wealth of billionaires, at 8.97 billion U.S dollars in 2020. By contrast, the rest of the adult population had an average wealth of 41,530 dollars. This represented a wealth ratio of billionaires/general population of 216,079:1. Nevertheless, it was Argentina the nation with the largest inequality in the distribution of wealth. Billionaires' wealth in this South American country was equal to 3.7 percent of the national GDP.

A dataset listing the 20 richest counties in Oregon for 2024, including information on rank, county, population, average income, and median income.