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Tuesday 17 July 2018

The 18 countries with the most millionaires


It may not have the most millionaires, but nowhere else in the world is it more common to be a millionaire than in Switzerland.
 Daniel Schwen / Wikimedia Commons
Minting a million-dollar fortune isn't the remarkable feat it used to be.
It remains a marker of immense wealth, but the club is growing ever
 more crowded, with nearly 33 million people across the globe now
 laying claim to fortunes in excess of $1 million, according 
to estimates by Credit Suisse in its most recent Global Wealth 
The US alone claims 13.6 million adults with a net worth above $1 
million — that's 41% of all the world's millionaires and more 
than the next eight countries combined.
Switzerland, however, has the most millionaires per capita:
 Nearly 12% of the adults in the country are millionaires, or 
one out of every 8.6.
The millionaire population isn't necessarily a indicator of broad 
wealth within a country. Despite having the most millionaires by
 a gaping margin, the median wealth for adults in the US is only 
$44,977. Of the 18 countries with more than 200,000 millionaires, 
that's a lower median wealth figure than all but Germany ($42,833), 
Sweden ($39,692), and China ($4,885).
Below, Business Insider has ranked the 18 countries with the most
 millionaires — that's all fortunes above $1 million, including the 
billionaires — based on Credit Suisse's annual wealth report (you
 can read the full report here). We've also included the country's
 population and median wealth for comparison purposes.

18. Austria

18. Austriacanadastock / Shutterstock
Number of millionaires: 217,000
Adult population: 6.84 million
Median wealth per adult: $52,519

17. Denmark

Number of millionaires: 240,000
Adult population: 4.24 million
Median wealth per adult: $52,279

16. Sweden

Number of millionaires: 285,000
Adult population: 7.41 million
Median wealth per adult: $39,692

15. The Netherlands

15. The NetherlandsMapics / Shutterstock
Number of millionaires: 287,000
Adult population: 13.08 million
Median wealth per adult: $81,118

14. Belgium

Number of millionaires: 307,000
Adult population: 8.47 million
Median wealth per adult: $154,815

13. Taiwan

13. TaiwanShutterstock
Number of millionaires: 356,000
Adult population: 18.51 million
Median wealth per adult: $63,134

12. Spain

Number of millionaires: 386,000
Adult population: 37.79 million
Median wealth per adult: $56,500

11. South Korea

11. South KoreaShutterstock
Number of millionaires: 679,000
Adult population: 39.26 million
Median wealth per adult: $64,636

10. Switzerland

Number of millionaires: 716,000
Adult population: 6.19 million
Median wealth per adult: $244,002

9. Australia

9. AustraliaShutterstock
Number of millionaires: 1,060,000
Adult population: 17.12 million
Median wealth per adult: $162,815

8. Canada

Number of millionaires: 1,117,000
Adult population: 28 million
Median wealth per adult: $96,664

7. Italy

7. ItalyTripAdvisor
Number of millionaires: 1,132,000
Adult population: 49.3 million
Median wealth per adult: $104,105

6. China

Number of millionaires: 1,590,000
Adult population: 1.023 billion
Median wealth per adult: $4,885

5. France

Number of millionaires: 1,617,000
Adult population: 48.66 million
Median wealth per adult: $99,923

4. Germany

Number of millionaires: 1,637,000
Adult population: 67.07 million
Median wealth per adult: $42,833

3. United Kingdom

Number of millionaires: 2,225,000
Adult population: 48.99 million
Median wealth per adult: $107,865

2. Japan

Number of millionaires: 2,826,000
Adult population: 104.22 million
Median wealth per adult: $120,493

1. United States

1. United StatesCourtesy of TripAdvisor
Number of millionaires: 13,554,000
Adult population: 245.97 million
Median wealth per adult: $44,977

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