In just the last 10 years, China has upped its millionaire count by 281% to 719,400 in total – and Beijing (with 122,100 millionaires) now cracks the top five list in Asia. In our third article, we have presented an analysis of the global UHNWI (ultra-high net worth individuals) population. Most of the world’s top PE firms, including TPG Capital (which invested in Ducati Motorcycles, J. Singapore has 303 millionaires for every 10,000 people. Looking beyond COVID-19, however, does reveal some warning signs. Given email address is already subscribed, thank you! These inflows can be traced back to six categories. [1] By 2020, those numbers dropped. Ranked: The Top 100 Product Searches on Amazon, Visualizing the State of 5G Networks Worldwide, Charting America’s Debt: $27 Trillion and Counting, Comparing Recent U.S. Presidents: New Debt Added vs. The second component is Discretionary Spending, which accounted for 30% of the total. The most noteworthy is Japan, where the debt-to-GDP ratio has climbed beyond 200%. Let’s take a look at net worth—the value of all of your holdings minus your liabilities. The Knight Frank report further provides the data for the UHNWI (Ultra High Net Worth Individuals) Population. (MORE: Jay … In the aftermath of the Global Financial Crisis, the U.S. recorded an annual deficit of $1.4 trillion in FY2009. On a very positive note, the wealth of the middle class is rising around the world. Yet many people don’t fully understand the size and scope of private equity. Net worth for the top 10% starts with $1,182,390.36 and for the 0.10% it's $43,090,281.00. We show funds raised by the largest 25 private equity firms over the last five years and their notable investments. According to wealth research group Wealth-X that released its latest UHNW Cities report, showing the residential footprint of the world's top ultra-high net worth (UHNW) individual cities. Forty-seven percent of millionaires are business owners. The report said there were 920,000 new millionaires … This is a list of countries by the number of millionaires by net worth based on an annual assessment of wealth and assets compiled and published by the Swiss bank Credit Suisse.According to estimates, in the middle of 2019 there were 46.8 million people worldwide whose assets exceeded one million USD, of which nearly 40% lived in the United States. For the truly ambitious, the 0.001%, which is comprised of about 1,433 people, you’d have to have earned $63.4 million. The Knight Frank wealth report provides the country-wise millionaire population data for the following 41 countries: We have analyzed and presented the data for these countries only in this article. [26], The following is a list of the countries with the most millionaire households in U.S. dollars worldwide according to the Boston Consulting Group's 2017 study. [4][5][6] (The standard French spelling is now millionnaire,[7] though the earliest reference uses a single n.[6]) The earliest attestation in the Oxford English Dictionary (OED) is a letter of Lord Byron of 1816, which mentions it as a French term needed because of the "Lilliputian" value of francs. According to estimates, in the middle of 2019 there were 46.8 million people worldwide whose assets exceeded one million USD, of which nearly 40% lived in the United States. I am passionate about advocating for job seekers. Pingback: Making $1 Million: Here’s How Long It Took the World’s Super-Rich (Infographic) – SD's Mickle Blog, Pingback: Guilt-Ridden Rich Urge Higher Taxes – The Conservative World, Pingback: Guilt-Ridden Leftists and Fiscal Self-Flagellation | International Liberty. The number of millionaire households across the UK has risen by 29 per cent to 3.6 million in two years, official figures show. Counties With The Most Millionaires, Largest financial services companies by revenue, Largest manufacturing companies by revenue, Largest information technology companies by revenue, Public corporations by market capitalization, The rich get richer and the poor get poorer, Socialism for the rich and capitalism for the poor, https://en.wikipedia.org/w/index.php?title=Millionaire&oldid=985474441, CS1 maint: BOT: original-url status unknown, Articles that may contain original research from February 2013, All articles that may contain original research, Articles with unsourced statements from October 2019, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 October 2020, at 04:31. At $677 billion, the Defense category represents over half of total discretionary spending. ... and when it’s all said and done, they make up a very tiny percentage of the millionaire population as a whole. In 2008, there were 10 million people around the world who were classified as millionaires in U.S. dollars. The data for the total number of millionaires in the different countries during 2018 is as follows: (1) United States – 5,944,007 (2) Japan – 2,326,522 (3) China – 1,535,473 (4) Germany – 1,530,348 (5) United Kingdom – 759,354 (6) France – 610,831 (7) Canada – 459,319 (8) Switzerland – 331,686 (9) Australia – 329,643 (10) India – 326,052 (11) Italy – 282,580 (12) Spain – 261,435 (13) Hong Kong – 223,223 (14) Sweden – 200,530 (15) South Korea – 185,257 (16) Brazil – 179,628 (17) Singapore – 171,559 (18) Russia – 163,176 (19) Mexico – 158,901 (20) Taiwan – 135,689 (21) Austria – 125,043 (22) Turkey – 83,947 (23) Ireland – 77,984 (24) Greece – 65,821 (25) Thailand – 64,131 (26) New Zealand – 55,792 (27) UAE – 53,798 (28) South Africa – 52,926 (29) Saudi Arabia – 51,360 (30) Indonesia – 43,118 (31) Poland – 33,205 (32) Argentina – 32,547 (33) Malaysia – 29,272 (34) Philippines – 24,162 (35) Romania – 23,713 (36) Vietnam – 12,327 (37) Monaco – 12,261 (38) Kenya – 9,482 (39) Tanzania – 6,429 (40) Uganda – 1,639 (41) Zambia – 974. If we divide the millionaire population by the population aged 18+ years in those countries, the millionaires share would be even higher. Switzerland has 391 millionaires for every 10,000 people. Many other notable investments could soon pay off for private equity. By this definition there are approximately 584,000 US$ multimillionaires worldwide in 2017. Mandatory spending is required by law, and includes funding for important programs such as social security. A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Perhaps after this crisis is over, it will be time to assess the long-term sustainability of America’s rising national debt. China added 158,000 new millionaires in this period, raising its total to 4.5 million. That list includes grocery chain Safeway, fast food chain Burger King, international racing operator Formula One Group, and hotel and casino company Caesars Entertainment (then called Harrah’s Entertainment). The total amount of money held by millionaires can equal the amount of money held by a far higher number of poor people. The number of millionaires are expected to grow to 23.4 million by 2023. According to this definition, a household owning an $800k home, $50k of furnishings, two cars worth $60k, a $60k retirement savings account, $45k in mutual funds, and a $325k vacation home with a $250k mortgage, $40k in car loans, and $25k in credit card debt would be worth about $1,025,000; and every individual in this household would thus be a millionaire. Australia’s millionaire count has soared 85% over the last 10 years, thanks in part to red-hot property prices. Something went wrong. While millionaires constitute only a small percentage of the population, they hold substantial control over economic resources, with the most powerful and prominent individuals usually ranking among them. According to estimates, in the middle of 2019 there were 46.8 million people worldwide whose assets exceeded one million USD, of which nearly 40% lived in the United States. The report further mentions GlobalData WealthInsight as the data source. Together, these top-3 countries account for 50% of the global millionaire population. Another term used is "net investable assets" or working capital.