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.
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