In 2023, there were estimated to be approximately ***** dollar millionaires among the adult population of the United Kingdom (UK), compared to ***** in the previous year.

As of 2022, from the almost ** million people living in the United Kingdom (UK), ***** people were considered to be U.S. dollar millionaires. ***** UK citizens were thought to be in the top one percent of global wealth holders.

In 2023, the number of individuals living in the United Kingdom (UK) with a net worth of over *** million U.S. dollars excluding the value of their primary residence was roughly over ***** million people. This number has been forecasted to decrease to *** million people in 2028.

This statistic illustrates the number of millionaire (HNWI, UHNWI) and billionaire individuals in the United Kingdom (UK) in selected years from 2013 to 2018 and a forecast for 2023, by wealth bracket. The high, ultra-high and billionaire's population grew steadily throughout time, with projection to increase approximately ** percent, ** percent and ** percent respectively by 2023 in comparison to 2018.

In 2023, the number of individuals living in the United Kingdom (UK) with a net worth of over ** million U.S. dollars excluding the value of their primary residence was more than ****** people. This number is expected to grow to over ****** by 2028.

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In 2024, there were nearly 24 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. France followed in third with around three million millionaires.

At the turn of the twentieth century, the wealthiest one percent of people in the United Kingdom controlled 71 percent of net personal wealth, while the top ten percent controlled 93 percent. The share of wealth controlled by the rich in the United Kingdom fell throughout the twentieth century, and by 1990 the richest one percent controlled 16 percent of wealth, and the richest ten percent just over half of it.

Abstract copyright UK Data Service and data collection copyright owner. The purpose of these data is to study the social origins and residual economic worth of elite individuals in British society, 1880-1970. Main Topics: Variables Sex, date of birth, elite category (e.g. Cabinet Ministers, peerage, landowners, millionaires, company chairmen), inherited title, highest created title, Government of first peerage creation, membership of Governments, primary and secondary occupations, place of secondary and higher education, religion, party afiliation, highest level of political participation, probate and land valuation, kinship with other wealth holders/other elites. Father: elite category, title, social class, occupation, probate and land valuation, date of death. Please note: this study does not include information on named individuals and would therefore not be useful for personal family history research. No sampling (total universe) Compilation or synthesis of existing material

As of 2025, the GDP per capita or gross domestic product per person was almost ****** U.S. dollars per person. The GDP per capita is derived from the country's total GDP divided by the population. The average or mean wealth per person in the United Kingdom (UK) was higher than the median or middle value of wealth per person living in the UK.

According to the Hurun Global Rich List 2025, the United States housed the highest number of billionaires worldwide in 2025. In detail, there were *** billionaires living in the United States as of January that year. By comparison, *** billionaires resided in China. India, the United Kingdom, and Germany were also the homes of a significant number of billionaires that year. United States has regained 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. Although China had briefly overtaken the U.S. in recent years, the United States has reclaimed its position as the country with the most billionaires in the world. Moreover, North America leads the way in terms of the highest number of ultra high net worth individuals – those with a net worth of more than ***** 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.

In 2023, Germany had the highest number of billionaires in Europe and the third highest in the world at ***. The United Kingdom followed with *** billionaires, while Russia had ***. The United States was the country with the highest number of billionaires, followed by China.

In Europe, the variation in average amounts of financial wealth per adult varied considerably as of 2022, from approximately ******* U.S. dollars in Switzerland to roughly ***** U.S. dollars in Azerbaijan. In Europe, the overall average financial wealth per adult as of 2022 was ****** U.S. dollars. In terms of private wealth, Europe held the second highest value in the world, after North America. What is financial wealth? Financial wealth, also known as financial assets or liquid assets can include wealth that an individual has in the forms of cash, stocks, bonds, mutual funds, and bank deposits. In addition to financial wealth, wealth can also be measured in other assets, called non-financial wealth. This includes physical assets, such as real estate, land, vehicles, jewelry, and art, just to name a few. Where do most wealthy individuals live? Individuals with a net worth over *********** U.S. dollars are called high-net worth individuals (HNWI). The United States was the home country to the highest number of HNWIs in 2021. China followed, although their number of HNWIs did not even reach ********* of the number in the United States. In Europe, Switzerland is the country with the highest average financial wealth per adult, but with its small population size, the number of HNWIs does not come near the numbers in the United Kingdom, Germany, France, and Italy – the European countries with the highest number of HNWIs. Considering Switzerland’s small population size, however, it is the country in the world with the highest proportion of millionaires.

Harry Styles was the richest young musician in the United Kingdom in 2024. The English singer songwriter topped the list with a total worth of *** million British pounds. Dua Lipa followed in second position, with a total worth of *** million, while Lewis Capaldi, ranking third, stood at more than ** million. Golden oldies A young musician is defined here as being under 30 years of age. Ed Sheeran was the only young musician on this list who made it onto the overall list of richest musicians in the United Kingdom, topped by Andrew Lloyd-Webber who had a total worth of *** million British pounds in 2020.  Musicians’ worth heading in one direction The young musician with the second highest total worth in 2020 was Harry Styles. The singer had the leading celebrity Twitter account in the UK in 2019, with over ** million followers. Harry Styles was not the only One Direction singer to make the young musicians rich list, in fact, all five members of the boy band made the top ten. 

Dieter Schwarz, according to Forbes, was the wealthiest person in Germany as of 2025, with assets amounting to around 38.5 billion U.S. dollars. Dieter Schwarz is the owner of the Schwarz Gruppe, which owns both the supermarket chains Kaufland and Lidl. Klaus-Michael Kühne follows in second place. Among other things, he is the majority owner of the logistics company Kühne + Nagel International AG. Who are the richest people in Germany? Dieter Schwarz is the owner of the Schwarz Gruppe, which owns both the supermarket chains Kaufland and Lidl. In 2023, the Schwarz Gruppe recorded around 56.55 million euros in revenue. Karl Albrecht Jr. is the owner of the popular discount grocery store chain Aldi Süd. As of 2023, there were over 2,000 Aldi Süd stores in Germany. This, of course, does not include all the stores in other countries such as Ireland, the United Kingdom, and Australia, just to name a few. German salaries Germany currently has the highest GDP in Europe. However, this does not mean that everyone in Germany is a billionaire. The average salary is, in fact, around 48,380 euros. Although the trend is that German salaries have been on the rise since 2000, there has been a dip since 2019. This is probably due to the COVID-19 pandemic and the inflation of 2022.

In 2023, ******* individuals with net assets of at least ** million U.S. dollars were residing in the *************, by far the highest number of any country. By comparison, *****, which had the second highest number of ultra high net worth individuals (UHNWIs), had less than 100,000 individuals with assets amounting to ** million U.S. dollars or more.Place of residence of ultra high net worth individuals The residency of almost half of the world’s ultra high net worth individuals in the United States explains the dominance of North America in regard to the number of ultra high net worth individuals by region. Hong Kong was the city with the most UHNWIs in 2022, followed by New York, London, and Los Angeles. Source of wealth and gender differences A majority of the world's UHNWIs are self-made. However, looking at billionaires, there is a clear difference between men and women; whereas a majority of billionaire men were self-made, a majority of the women had inherited their fortune.

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.

The former Prime Minister Boris Johnson has reportedly earned around 6.4 million pounds since the beginning of the current parliamentary sitting, which began in December 2019. Another former Prime Minister, Theresa May, has earned approximately 3.5 million pounds, making her the MP with the second-highest external income since the 2019 election. Keir Starmer, the leader of the Labour Party, has earned approximately 899,600 pounds since December 2019, the highest among MPs outside the Conservative Party. Boris Johnson Eight of the top ten earnings spots are occupied by members of the Conservative Party, and includes the three former Prime Ministers, Boris Johnson, Theresa May, and Liz Truss. While it has been the precedent of many former Prime ministers to take-on speaking engagements since leaving office, the two top spots, Theresa May and Liz Truss were still serving as MP's until the calling of the 2024 General Election. Although he resigned as an MP in June 2023, Johnson had reportedly earned more than a million pounds from four speaking engagements at the end of 2022. These four speaking engagements occurred in the two months after he left office, despite a rule from the Advisory Committee on Business Appointments that members should wait three months after leaving office to take up paid employment. Members of Parliament and second jobs The discussion around external methods of MP income generation beyond that of their annual salary has come and gone from public discourse. It made a roaring comeback however after the “Owen Patterson scandal” in October 2021, in which a minister (Owen Patterson) had been found to have broken lobbying rules on paid advocacy. The Prime minister at the time, Boris Johnson, initially tried to save Patterson from a parliamentary suspension but had to U-turn after substantial backlash. The scandal has since been referred to as the “beginning of the end” of Johnson’s premiership, and raised questions surrounding the ethics around MP’s taking on secondary employment, particularly as parliamentary strategists, advisors, and consultants to major firms.

As of March 2025, Alice Walton was ranked the richest woman with over 97 billion U.S. dollars in net worth. By comparison, the richest man in the world had a fortune of over 328 billion dollars as of March 2025. The philanthropy of MacKenzie Scott MacKenzie Scott has become well known in the world of philanthropy for providing billions to thousands of non-profit organizations. Globally, the United States has the most philanthropic outflows out of any nation, reaching nearly 49 billion U.S. dollars in 2020. By comparison, the country with the second highest philanthropic outflows, the United Kingdom, reached nearly 5.9 billion U.S. dollars in 2020. Across the United States, basic needs, religious and spiritual causes, and healthcare are the sectors affluent individuals have given the most. Wealth in the United States Out of each country, the United States has the most people within the top one percent of ultra-high-net-worth individuals globally, with 21 million residents belonging to this group. By comparison, China ranked second with over five million belonging to the top one percent of ultra-high net worth individuals. Regionally, North America has the most billionaires, reaching over 1,100 followed by Europe and Asia.

In 2023, Switzerland led the ranking of countries with the highest average wealth per adult, with approximately ******* U.S. dollars per person. Luxembourg was ranked second with an average wealth of around ******* U.S. dollars per adult, followed by Hong Kong SAR. However, the figures do not show the actual distribution of wealth. The Gini index shows wealth disparities in countries worldwide. Does wealth guarantee a longer life? As the old adage goes, “money can’t buy you happiness”, yet wealth and income are continuously correlated to the quality of life of individuals in different countries around the world. While greater levels of wealth may not guarantee a higher quality of life, it certainly increases an individual’s chances of having a longer one. Although they do not show the whole picture, life expectancy at birth is higher in the wealthier world regions. Does money bring happiness? A number of the world’s happiest nations also feature in the list of those countries for which average income was highest. Finland, however, which was the happiest country worldwide in 2022, is missing from the list of the top twenty countries with the highest wealth per adult. As such, the explanation for this may be the fact that the larger proportion of the population has access to a high income relative to global levels. Measures of quality of life Criticism of the use of income or wealth as a proxy for quality of life led to the creation of the United Nations’ Human Development Index. Although income is included within the index, it also has other factors taken into account, such as health and education. As such, the countries with the highest human development index can be correlated to those with the highest income levels. That said, none of the above measures seek to assess the physical and mental environmental impact of a high quality of life sourced through high incomes. The happy planet index demonstrates that the inclusion of experienced well-being and ecological footprint in place of income and other proxies for quality of life results in many of the world’s materially poorer nations being included in the happiest.