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

This statistic illustrates the number of millionaire (HNWI, UHNWI) and billionaire individuals in Switzerland in selected years from 2014 to 2019, with a forecast for 2024, by wealth bracket. The high, ultra-high and billionaire's population has been forecast to grow in Switzerland between 2014 and 2024.

The statistic displays the share of households that own net private wealth of at least one million euros in Europe as of 2014. The countries with the highest millionaire household shares include Luxembourg and Switzerland: 23 percent in Luxembourg and 13 percent in Switzerland.

In 2016, there were approximately **** thousand millionaires in Pakistan. The number of individuals owning one million U.S. dollars or more in Pakistan is expected to rise to **** thousand by 2026. HNWI forecast in Pakistan Individuals with investible assets of at least one million U.S. dollars in current exchange rate terms are considered high net worth. The number of high-net-worth individuals in Pakistan is expected to rise overall between 2022 and 2028, settling at just under ***** thousand individuals. Countries with the highest millionaire rate In 2021, Switzerland had the highest rate of millionaires in the world, with **** percent of the adult population owning assets worth more than one million U.S. dollars. Luxembourg came in second, with **** percent of the population being millionaires, and Iceland came in third. Furthermore, over ** million people in the United States were among the world's top one percent of ultra-high net-worth individuals in 2021. China came second, with over **** million top one percent wealth holders worldwide.

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.

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.