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Countries with the Most Millionaires

Name the countries that have the most adults with a net worth over 1 million U.S. dollars.
For 2016. Source
Quiz by footballfan99
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First submittedSeptember 7, 2015
Last updatedNovember 23, 2017
Times taken14,289
Rating4.70
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millionaires
country
13,554,000
United States
2,826,000
Japan
2,225,000
United Kingdom
1,637,000
Germany
1,617,000
France
1,590,000
China
1,132,000
Italy
1,117,000
Canada
1,060,000
Australia
millionaires
country
716,000
Switzerland
679,000
South Korea
386,000
Spain
356,000
Taiwan
307,000
Belgium
287,000
Netherlands
285,000
Sweden
240,000
Denmark
217,000
Austria
+4
level 38
Nov 24, 2017
No Monaco, Luxembourg, Liechtenstein, UAE, Bahrain?
+25
level 67
Nov 24, 2017
Well, Monaco and Liechtenstein have population far less than 200000 so there really cannot be enough millionaires. In UAE and Bahrain wealth is probably in hands of relative small amount of people. And in Luxembourg, while rich country, not everyone is millionaire. Even if third of the citizens are millionaires, it wont make to this list.
+14
level 75
Mar 30, 2018
This is by total. For those countries to be on this list, 760% of Monaco's population would need to be millionaires, 580% of Liechtenstein's, 37% of Luxembourg's, 15% of Bahrain's, and 2.3% of UAE's.
+4
level 67
Apr 5, 2018
And given that only about 20% of the UAE's population are citizens, who happen to control all the money, that percentage should be pushed to 11.5%. Also, within the rich citizen group, most wealth is distributed among the family rather than being in the hands of individuals.
+1
level 25
Apr 9, 2018
I know, where the heck is UAE?
+3
level 29
Apr 10, 2018
United Arab Emirates, one of the richest countries in the world. Located in the middle east.
+17
level 61
Nov 24, 2017
You could say USA, UK, Japan, China, Germany, France, Canada, Australia and Italy are millionaire millionaires.
+5
level 70
Nov 24, 2017
Millionaire sounds like a lot, but when you look at property values, we're not talking about rich people, just upper middle class . . . maybe even less. For instance, I know people in Calfiornia who own homes they bought for under $50K that are worth well over $1M today.
+3
level 77
Nov 24, 2017
Yeah I think you sort of have to be a millionaire in Switzerland just to pay your rent.
+1
level 61
Nov 30, 2017
Well you are a millionaire regardless if you're Swiss.
+1
level 77
Apr 5, 2018
what?

I guess I'm a millionaire here in the Philippines. In pesos. I've never been a millionaire in US dollars or even close to it.
+1
level 71
Apr 6, 2018
Rent in Switzerland is not any higher than in any major European city. I've lived in a few European countries and currently keep a home in Switzerland. And no, I'm not a millionaire. Far from it.
+1
level 71
Dec 14, 2017
Agreed. Having a million dollar net worth is very different from having $1M in liquid assets (house, possessions, etc. not included)
+1
level 46
Nov 30, 2017
I love how the quiz has to point out that these are strictly adults. How rich are kids these days?
+1
level 76
Dec 6, 2017
In some cases, very. A lot depends on how the inheritance taxes work in any particular country.
+1
level 61
Jul 30, 2018
I wouldn't be surprised if a few Youtube "kids" were millionaires. Or the Kardashian/Jenner kids. Kylie is 20 and is expected to be the youngest self-made billionaire soon.
+1
level 71
Dec 14, 2017
Amazing. If all the millionaires in the US formed their own city, it would be the largest city in the country.
+1
level 70
Jan 28, 2018
With nobody living there to park cars or wait tables because it would be too expensive. It would actually be too expensive for the least wealthy millionaires. That's just how scarcity works.
+2
level 55
Apr 5, 2018
Russia has a lot of wealth I guess it's not very evenly spread. Same with the Middle Eastern countries particularly Saudi Arabia.
+1
level 57
Apr 5, 2018
I suppose having a lot of millionaires puts a country somewhere in the middle of wealth distribution levels. If everyone had the same amount of money there would be no millionaires and if one person had all the wealth there would be one millionaire, to give logical extremes. I can see that the USA has disproportionately many millionaires for its population and wealth in most other aspects. But I'm not sure what this means economically.
+1
level 48
Apr 8, 2018
United States' large economy generally supports this country when it comes to a number of millionaires. For example - I can buy a really big house in my country for an equivalent of 100k dollars. But I would have to spend a few times more (maybe even a million) if I wanted to buy exactly the same house in some places in the USA. And note that this country is one of the most populous, which also helps a lot. Wealth is not evenly distributed there, because it has homelessness rate higher than many other developed countries.
+1
level 45
Apr 5, 2018
Cool thumbnail :D
+1
level 49
Apr 5, 2018
no russia?
+1
level 68
Apr 6, 2018
Surprised at no India. Maybe the cost of living there is so low that a lot of people are rich but wouldn't be USD millionaires?
+1
level 47
Apr 6, 2018
India has 172,000 millionaires. This puts it in 21st place, 3 places below Austria.
+3
level 45
Apr 7, 2018
I thought India and Russia would be on the list.
+2
level 38
Apr 8, 2018
Am I dreaming? A quiz where Belgium is above Netherlands?
+2
level 32
Apr 8, 2018
Wait, in Switzerland, almost 10% of people are millionairs?! That's insane
+1
level 46
Apr 12, 2018
USA at the top with no one really in 2nd place! WHOOOT!
+1
level 63
Apr 23, 2018
Big population, high wealth inequality and relatively expensive house prices. It's not that remarkable.
+1
level 53
Jan 27, 2019
1 million dollars isn't really that much these days, especially in some places.
+1
level 39
Apr 29, 2019
My God! Forgot Austria again! I would say 90% of the time doing these quizzes I forget about the existence of Austria which is annoying since I've been there.
+1
level 58
Aug 22, 2019
what is considered a millionaire? Someone who buys a house worth a million with a loan and spends their life paying the mortgage? No other way I can really explain that 1/30 americans is a millionaire, seems very high.