Top 10 Countries with Most Number of Millionaires

A recent study by Credit Suisse showed that the United States and United Kingdom lead the world with the most number of millionaires worldwide.

With 15.65 million people with net worth of a million dollars or more, the United States is the runaway leader in this department. By 2020, this is projected to rise by 32% to 20.61 million millionaires.

China, though, is expected to lead the percentage increase in the number of millionaires by 2020 with 74 per cent, closely followed by Africa with 73 per cent over the same period.

Owing to more opportunities in the emerging markets, composed of low to middle income economies, share of percentage in number of millionaires will rise from 6.5 to 7.4 per cent by end of the decade.

TOP 10 COUNTRIES WITH THE MOST NUMBER OF MILLIONAIRES

1. UNITED STATES

Number of millionaires (2015): 15.65 million
Number of millionaires (2020): 20.61 million

Change: 32%

2. UNITED KINGDOM

Number of millionaires (2015): 2.36 million
Number of millionaires (2020): 3.82 million

Change: 62%

3. JAPAN

Number of millionaires (2015): 2.12 million
Number of millionaires (2020): 3.59 million

Change: 69%

4. FRANCE

Number of millionaires (2015): 1.79 million
Number of millionaires (2020): 2.86 million

Change: 60%

5. GERMANY

Number of millionaires (2015): 1.52 million
Number of millionaires (2020): 2.36 million

Change: 55%

6. TAIWAN

Number of millionaires (2015): 414,000
Number of millionaires (2020): 744,000

Change: 80%

7. BRAZIL

Number of millionaires (2015): 168,000
Number of millionaires (2020): 229,000

Change: 37%

8. SINGAPORE

Number of millionaires (2015): 142,000
Number of millionaires (2020): 212,000

Change: 50%

9. MEXICO

Number of millionaires (2015): 122,000
Number of millionaires (2020): 206,000

Change: 68%

10. CHINA – HONG KONG SAR

Number of millionaires (2015): 107,000
Number of millionaires (2020): 165,000

Change: 54%

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