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.

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.

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.

Introduction

Millionaire Statistics: A growing number of individuals are becoming millionaires across the globe due to economic growth, an increase in stock markets, and entrepreneurial ventures. Studies show that by the year 2024, the population of millionaires and born and bred individuals across the globe will still grow due to the growing concentration of wealth in certain areas and sectors.

An analysis of the statistics on millionaires paints a clear picture of how wealth is being shared among the general populace and the levels of economic oppression in existence, as well as financial matters in the international arena.

This piece demonstrates the situational picture of millionaire statistics in the world, their wealth, their geographical distribution, and projections of their population in the years to come.

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.

Dataset Card for 100 Richest People In World

  Dataset Summary

This dataset contains the list of Top 100 Richest People in the World Column Information:-

Name - Person Name NetWorth - His/Her Networth Age - Person Age Country - The country person belongs to Source - Information Source Industry - Expertise Domain

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[More Information Needed]… See the full description on the dataset page: https://huggingface.co/datasets/nateraw/100-richest-people-in-world.

This statistic shows the number of millionaire households in the United States from 2006 to 2020. As 2020, the number households with a net worth of one million U.S. dollars or more (excluding primary residence) stood at 11.6 million, up from 11 million in 2019.

Pakistan PK: Coverage: Social Safety Net Programs: Richest Quintile: % of Population data was reported at 5.263 % in 2013. This records a decrease from the previous number of 9.097 % for 2009. Pakistan PK: Coverage: Social Safety Net Programs: Richest Quintile: % of Population data is updated yearly, averaging 5.263 % from Dec 2007 (Median) to 2013, with 3 observations. The data reached an all-time high of 9.097 % in 2009 and a record low of 3.407 % in 2007. Pakistan PK: Coverage: Social Safety Net Programs: Richest Quintile: % of Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Pakistan – Table PK.World Bank: Social Protection. Coverage of social safety net programs shows the percentage of population participating in cash transfers and last resort programs, noncontributory social pensions, other cash transfers programs (child, family and orphan allowances, birth and death grants, disability benefits, and other allowances), conditional cash transfers, in-kind food transfers (food stamps and vouchers, food rations, supplementary feeding, and emergency food distribution), school feeding, other social assistance programs (housing allowances, scholarships, fee waivers, health subsidies, and other social assistance) and public works programs (cash for work and food for work). Estimates include both direct and indirect beneficiaries.; ; ASPIRE: The Atlas of Social Protection - Indicators of Resilience and Equity, The World Bank. Data are based on national representative household surveys. (datatopics.worldbank.org/aspire/); Simple average;

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.

The millionaire population in Singapore stood at around 526.4 thousand in 2021 and is projected to increase to about 592 thousand in 2026. This estimated growth in the millionaire population reflects the trend of increasing household wealth in Singapore, which grew by more than 146 percent since 2000.

Millionaire’s playground
In 2022, the Economist Intelligence Unit ranked Singapore as the world’s most expensive city alongside Hong Kong and Paris. The high cost of living in Singapore is in large part due to the extremely high cost of owning a car, as well as high property and food prices. With the tenth highest average wealth per adult in the world, and relatively low financial inequality, it seems that the residents of Singapore are able to afford life in the city with the third most expensive beer prices in the world.

Declining wealth in old age
The reality, however, is far less glamorous. While the median wealth per adult increased in 2019 from 2018, it was still the second-lowest value in the past five years. Many Singaporeans are feeling the pinch, especially the most vulnerable members of society, such as the elderly, who make up the majority of the workforce in jobs such as cleaning. Worryingly, many Singaporeans are also not financially prepared for retirement. This could lead to increasing inequality in the future, with many people unable to afford the lifestyle that they are accustomed to.

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.

Graph and download economic data for Share of Net Worth Held by the Top 1% (99th to 100th Wealth Percentiles) (WFRBST01134) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.

In 2023, by far the highest number of individuals with net assets of at least ** million U.S. dollars worldwide were residing in North America, reaching over ******* people. Asia recorded the second highest number of UHNWIs in the world with over ******* individuals.A small share owns vast sums of wealthThe vast majority of global wealth is concentrated in the hands of a few people. Only *** percent of the global population owns assets worth more than *** million U.S. dollars. The richest people in the world are Elon Mask, Jeff Bezos, and Bernard Arnault. When it comes to women, Francoise Bettencourt Meyers led the ranking of the most affluent women worldwide. The wealth of over ** percent of UHNWIs was self-made. Where UHNWIs live and where they leave Unsurprisingly, as North America is the world region with the highest number of UHNWIs, the United States is the country with the highest UHNWI count. However, Hong Kong, special administrative (SAR) region in China, is the city with the highest number of UHNWIs. Nevertheless, China was the country that recorded the highest outflux of UHNWIs in 2022.

Australia Account: Income: Richest 60%: % Aged 15+ data was reported at 99.159 % in 2014. This records a decrease from the previous number of 99.729 % for 2011. Australia Account: Income: Richest 60%: % Aged 15+ data is updated yearly, averaging 99.444 % from Dec 2011 (Median) to 2014, with 2 observations. The data reached an all-time high of 99.729 % in 2011 and a record low of 99.159 % in 2014. Australia Account: Income: Richest 60%: % Aged 15+ data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Banking Indicators. Denotes the percentage of respondents who report having an account (by themselves or together with someone else). For 2011, this can be an account at a bank or another type of financial institution, and for 2014 this can be a mobile account as well (see year-specific definitions for details) (income, richest 60%, % age 15+). [ts: data are available for multiple waves].; ; Demirguc-Kunt et al., 2015, Global Financial Inclusion Database, World Bank.; Weighted average;

Dataset

This dataset was created by Nitesh Saini

Contents

Analysis of ‘World's Billionaires’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/seriadiallo1/world-billionaires on 14 February 2022.

--- Dataset description provided by original source is as follows ---

The richest people in the world, yearly rank from 2002 to 2021

This dataset contains 200 rows and 7 columns.

The World's Billionaires is an annual ranking by documented net worth of the world's wealthiest billionaires compiled and published in March annually by the American business magazine Forbes. The list was first published in March 1987. The total net worth of each individual on the list is estimated and is cited in United States dollars, based on their documented assets and accounting for debt. Royalty and dictators whose wealth comes from their positions are excluded from these lists. This ranking is an index of the wealthiest documented individuals, excluding and ranking against those with wealth that is not able to be completely ascertained. (wikipedia)

--- Original source retains full ownership of the source dataset ---

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.

Jordan JO: Coverage: Social Insurance Programs: Richest Quintile: % of Population data was reported at 32.624 % in 2010. This records an increase from the previous number of 27.686 % for 2006. Jordan JO: Coverage: Social Insurance Programs: Richest Quintile: % of Population data is updated yearly, averaging 30.155 % from Dec 2006 (Median) to 2010, with 2 observations. The data reached an all-time high of 32.624 % in 2010 and a record low of 27.686 % in 2006. Jordan JO: Coverage: Social Insurance Programs: Richest Quintile: % of Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Jordan – Table JO.World Bank: Social Protection. Coverage of social insurance programs shows the percentage of population participating in programs that provide old age contributory pensions (including survivors and disability) and social security and health insurance benefits (including occupational injury benefits, paid sick leave, maternity and other social insurance). Estimates include both direct and indirect beneficiaries.; ; ASPIRE: The Atlas of Social Protection - Indicators of Resilience and Equity, The World Bank. Data are based on national representative household surveys. (datatopics.worldbank.org/aspire/); Simple average;

Brazil BR: Account: Income: Richest 60%: % Aged 15+ data was reported at 74.624 % in 2014. This records an increase from the previous number of 67.101 % for 2011. Brazil BR: Account: Income: Richest 60%: % Aged 15+ data is updated yearly, averaging 70.863 % from Dec 2011 (Median) to 2014, with 2 observations. The data reached an all-time high of 74.624 % in 2014 and a record low of 67.101 % in 2011. Brazil BR: Account: Income: Richest 60%: % Aged 15+ data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Banking Indicators. Denotes the percentage of respondents who report having an account (by themselves or together with someone else). For 2011, this can be an account at a bank or another type of financial institution, and for 2014 this can be a mobile account as well (see year-specific definitions for details) (income, richest 60%, % age 15+). [ts: data are available for multiple waves].; ; Demirguc-Kunt et al., 2015, Global Financial Inclusion Database, World Bank.; Weighted average;

Costa Rica CR: Account: Income: Richest 60%: % Aged 15+ data was reported at 66.721 % in 2014. This records an increase from the previous number of 60.007 % for 2011. Costa Rica CR: Account: Income: Richest 60%: % Aged 15+ data is updated yearly, averaging 63.364 % from Dec 2011 (Median) to 2014, with 2 observations. The data reached an all-time high of 66.721 % in 2014 and a record low of 60.007 % in 2011. Costa Rica CR: Account: Income: Richest 60%: % Aged 15+ data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Costa Rica – Table CR.World Bank.WDI: Banking Indicators. Denotes the percentage of respondents who report having an account (by themselves or together with someone else). For 2011, this can be an account at a bank or another type of financial institution, and for 2014 this can be a mobile account as well (see year-specific definitions for details) (income, richest 60%, % age 15+). [ts: data are available for multiple waves].; ; Demirguc-Kunt et al., 2015, Global Financial Inclusion Database, World Bank.; Weighted average;