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Millionaires by Country 2024

Did you know that there are over 18 million millionaires in the USA? Thanks to technological developments and positive economic conditions, many have created extremely successful businesses in the last decade.

However, have you ever wondered "how many millionaires in the world?". After all, the earth has widespread resources. Further, educational opportunities have never been so available thanks to the world wide web.

How Many Millionaires?

There are 47 million millionaires globally. It may not surprise you that the majority of the world's millionaires are residing in the USA. They make up less than 10% of the world's population. Yet hold almost the majority of its wealth.

Countries with the most Millionaires

Country
# of Millionaires
United States24,480
China6,190
Japan3,366
United Kingdom2,849
France2,796
Germany2,683
Canada2,291
Australia2,177
Italy1,413
South Korea1,290

The United States of America

In 2019, 587,000 people joined the millionaires club. The USA has long been the land of the "American Dream" where a person can rock up with nothing and work until they have a fortune.

Many in the USA have made their fortunes from oil, engineering, and international trade. The computer boom of the last 40 years has also provided more than a few millionaires.

Japan

It might surprise you that Japan hosts the second largest number of millionaires. According to some reports, there are over 3.39 millionaires. Japan is often known as the technology capital of the world. They have created many millionaires by investing in automotive and electronics technology.

Germany

While Germany is famous as a country with a strong economy and excellent engineering pedigree, did you know it had so many millionaires?

Europes largest economy reportedly hosts over 400,000 millionaires. Germany excels in four main industries:

  • Automotive
  • Mechanical engineering
  • Chemical
  • Electrical industries
  • Likely you can immediately think of well-known brands such as Audi, Siemens, and other companies that are world leaders in these areas.

China

China has created a manufacturing industry of unprecedented proportions and invested in methods of shipping their wares around the world. They leverage their high workforce, sourced from their high population, to do this.

As a result, entrepreneurs and business leaders have reaped the benefits. There are 4.4 million millionaires in China according to recent reports.

China has become known as the "World's Factory", however, will they continue to be so? Will other high population countries such as India and Indonesia start to take their market share? Only time will tell.

How Many Millionaires in the World? And Other Important Global Statistics

If you have asked the question "how many millionaires in the world?", you now know the answer. What else would you like to know?

  • For the purposes of the data below, a millionaire is defined as a person whose total net assets (after debts) hold a value of at least one million USD
  • While the original source tracks wealth in 207 countries and territories, data regarding wealth and/or income distribution can be incomplete or unverifiable in many countries.
  • As such, it is likely that several additional countries are also home to a significant number of millionaires, but shortcomings in those countries' financial data prevent researchers from including them in the table below.

Download Table Data

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Country
# of Millionaires (thousands)
# of Working Age Adults (thousands)
% Millionaires
# Of People In Global Top 10% Wealth (thousands)
People In Global Top 1% Wealth (thousands)
United States24,480251,7799.72%102,32322,187
China6,1901,110,5040.56%107,3195,086
Japan3,366104,7633.21%47,2832,648
United Kingdom2,84952,5625.42%26,4792,209
France2,79650,1715.57%25,5672,237
Germany2,68368,0563.94%24,0862,215
Canada2,29130,2037.59%15,5241,866
Australia2,17719,35911.25%12,6511,727
Italy1,41349,7662.84%20,6931,140
South Korea1,29042,7073.02%18,4831,043
Switzerland1,1527,00316.45%3,602960
Netherlands1,14913,5278.49%6,938896
Spain1,13237,8252.99%15,518934
Taiwan86919,7334.4%8,959710
India796915,6670.09%11,470665
Hong Kong6320%
Sweden6107,8297.79%3,131522
Belgium5899,0266.53%5,797468
Denmark3854,5388.48%2,478310
Russia353111,4190.32%3,454300
New Zealand3473,6349.55%2,126281
Mexico31886,5700.37%6,019258
Saudi Arabia3130%
Singapore2994,9326.06%1,805249
Austria2717,2973.71%3,001220
Brazil2660%
Norway2364,2255.59%2,062186
Israel2045,7193.57%2,107170
Indonesia191183,7350.1%2,563161
Ireland1763,6594.81%1,464145
Portugal1598,3381.91%2,270123
Iran1470%
Finland1014,3872.3%1,31682
Poland10030,2440.33%1,94482
Egypt870%
South Africa8638,1330.23%1,31368
Thailand8254,4110.15%97471
Greece818,4400.96%1,48268
Philippines790%
Turkey7358,5750.12%94363
Chile6614,3580.46%97154
Vietnam490%
Colombia3936,0940.11%60332
Romania3715,1230.24%72830
Qatar360%
Hungary327,7450.41%73026
showing: 46 rows

Which country has the most millionaires?

There are 47 million millionaires around the world, but the country with the highest number of millionaires is the United States.

Frequently Asked Questions

Sources