In 2020, California had the highest number of millionaire households in the U.S., with **** million households having one million or more in investible assets. This is nearly double the ******* millionaire households in Texas, the state with the second-highest number.
The statistic shows the number of millionaire households in the United States from 1997 to 2015, by net worth. In 1997, about *** million households had a net worth of * million U.S. dollars or more, excluding primary residence.
In 2019, there were **** 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 **** million millionaires in 2019.
As of 2020, New Jersey had the highest share of households with a net worth of *********** or more U.S. dollars in the United States, followed by Maryland, Connecticut, Massachusetts, and Hawaii.
The statistic shows the number of millionaires in mainland China from 2015 to 2024, as estimated by a research institute in China. According to the report, there were 4.14 million millionaires owning assets worth over six million yuan - roughly equivalent to one million U.S. dollars - and 1,68 million millionaires with personal wealth of over ten million yuan in mainland China in 2024.
As of December 2023, there were over ******* millionaires in India with a wealth of *********** US dollars or more. There were *** billionaires with a wealth of over *********** US dollars. There was an ** percent growth in millionaires from 2013 to 2023 in the country.
This statistic presents the American states with lowest ratio of millionaire households per capita in 2019. In 2019, Mississippi had the lowest ratio of millionaire households per capita in the country, with only 4.18 percent of households holding over one million U.S. dollars in assets.
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 2019, ** percent of millionaires in the United States had a net worth of between *********** and ********************** U.S. dollars. On the other end of the scale, **** percent of millionaires had a net worth of over *** million U.S. dollars.
The statistic shows the distribution of U.S. millionaires in 2013, by race and ethnicity. As of 2013, about ** percent of U.S. millionaires were White/Caucasian.
Additional information on racial income inequality
The issue of racial inequality in regards to income and wealth has been a problem through the entirety of the history of the United States. The statistic above demonstrates how the percentage of millionaires that identify as Black/African Americans is disproportionate to the share of the population overall. While the disproportionate number of millionaires demonstrates an undesirable degree of income inequality it is at the bottom of the wealth ladder within American society that the issue is most pressing. The overrepresentation of African Americans in contrast to the population in unemployment statistics are cause for concern on the part of the government and society as a whole. In 2014, nearly ** percent of surveyed families who placed themselves in the income bracket of under *** thousand dollars identified as black.
The percentage of non-white female business owners perhaps demonstrates that barriers to wealth exist but are diminished in unison. As barriers to wealth generation are removed for women, similar barriers are also being broken to allow for greater equality in the economic opportunities offered across the population of the United States. A central issue for policy makers is the time delay associated with policies aimed at reversing these inequalities. This was reflected in the 2015 Democratic and Republican presidential primary campaigns. Despite many major candidates discussing the issue none put forward meaningful proposals to address the problem. Even Senator Bernie Sanders who made addressing income inequality the cornerstone failed to separate the issue from income inequality generally. However, the global attention gained by movements such as ‘Black Lives Matter’ shows issues of racial inequality are prominent in the discourse of sections of the wider population if not forming a cornerstone of the political discourse in the United States.
As of 2019, a plurality of millionaires in the United States, ** percent, owned only *** house. This compares to *** percent of millionaires who owned **** or more properties.
At the end of 2020, there were nearly *** thousand dollar millionaires lived in India. Out of them, nearly *** individuals were with wealth holdings above *** million U.S. dollars. The vast majority of millionaires owned assets worth between *** and **** million dollars.
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.
The number of multi-millionaires in Romania peaked in 2021 at ***** people with fortunes of over ** million US dollars. Compared to the number of millionaires, multi-millionaires did not seem to be as affected by the coronavirus (COVID-19) pandemic. Nevertheless, the number of multi-millionaires is expected to increase by *** more individuals by 2026.
South Africa was home to the highest number of millionaires in Africa as of 2023. The country had ****** high net worth individuals (HNWIs), corresponding to roughly ********* of the total number of millionaires on the continent. Second, in rank, Egypt counted ****** HNWIs. According to the source, approximately ******* HNWIs lived in Africa, each with *** 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 **** percent. This means that ****** people joined the group of individuals with minimum net assets of *** 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 ** billion U.S. dollars. Trillions of U.S. dollars in riches Total private wealth in Africa amounted to *** 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 ** percent of Africa’s total wealth in 2021.
A multi-millionaire is defined as someone owning ** million U.S. dollars or more. It was forecasted that there would be almost ** thousand individuals in Australia defined as multi-millionaires by 2026. This is in line with the country’s growing economy over the years as well as the growing wealth inequality that was becoming a cause for concern in the island nation.
Distribution of the wealthy
As a rich country with plenty of natural resources and a high Human Development Index, Australia had always had a large number of high net-worth individuals or HNWIs. There were over *** thousand millionaires including a couple dozen of billionaires, with these figures expected to grow significantly over the next few years.
Income inequality
Despite the increase of wealth and economic growth, there was a concern at the level of poverty and homelessness due to the rising wealth inequality nationally. The number of homeless people living in Australia had only been increasing with more than a hundred thousand people currently without shelter. Furthermore, most of the wealth was being pushed from the country to the cities, affecting the livelihood of those living in the countryside or outback.
This statistic depicts the number of centa-millionaires living in Pakistan from 2006 to 2016 with a forecast for 2026. In 2016, Pakistan had approximately ** millionaires worth 100 million U.S. dollars or more.
At the end of 2020, there were nearly *** thousand dollar-millionaires in India. This was a significant decrease compared to over *** thousand millionaires at the end of the previous year. In total, there were nearly ** million dollar-millionaires worldwide in 2020. The highest density of millionaires had been recorded in Switzerland with nearly ** percent, whereas India had a density of *** percent. Persons owning assets worth more than one million U.S. dollars are considered high-net-worth individuals (HNWI).
India’s super-rich Persons owning assets worth more than ** million U.S. dollars are considered ultra-high-net-worth individuals (UHNWI). In 2020, these roughly six thousand individuals owned approximately *** billion dollars. By far the richest person in India was Reliance chairmen Mukesh Ambani. His female counterpart was Roshni Nadar Malhotra, CEO of HCL Technologies and daughter of HCL-founder Shiv Nadar.
Wealth with a purpose Shiv Nadar was not only one of the richest Indians in 2020, but he also contributed around ***** billion Indian rupees for philanthropic initiatives. He was only topped by Wipro-chairman Azim Premji that year. Through Premji’s donations in that sector, education received the vast majority of philanthropic donations that year. Besides private donations, spending on corporate social responsibility (CSR) has grown as well in recent years.
Total private wealth in Africa amounted to *** trillion U.S. dollars in 2023, with the number of African billionaires reaching ** billionaires. In 2023, the richest individual in Africa was the Nigerian Aliko Dangote. Founder and chairman of Dangote Cement, the largest cement producer in the whole African continent, the billionaire also owns salt and sugar manufacturing companies.
Africa was home to ******* millionaires as of 2023. The number of high net worth individuals (HNWIs), each with net assets of *********** U.S. dollars or more, slightly increased by nearly *** percent compared to the previous year. Total private wealth in Africa amounted to *** trillion U.S. dollars in 2023, slightly higher than in 2022. The wealth value measured referred to assets, such as cash, properties, and business interests, held by individuals living in each country, less liabilities.
In 2020, California had the highest number of millionaire households in the U.S., with **** million households having one million or more in investible assets. This is nearly double the ******* millionaire households in Texas, the state with the second-highest number.