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Countries with the Most Millionaires

Which countries that have the most adults with a net worth over 1 million U.S. dollars?
In the year 2021, according to Credit Suisse
Quiz by footballfan99
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Last updated: October 28, 2022
First submittedSeptember 7, 2015
Times taken61,984
Average score85.0%
Rating4.78
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#
Country
24.5 mil
United States
6.19 mil
China
3.37 mil
Japan
2.85 mil
United Kingdom
2.80 mil
France
2.68 mil
Germany
2.29 mil
Canada
#
Country
2.18 mil
Australia
1.41 mil
Italy
1.29 mil
South Korea
1.15 mil
Switzerland
1.15 mil
Netherlands
1.13 mil
Spain
869 k
Taiwan
#
Country
796 k
India
610 k
Sweden
589 k
Belgium
385 k
Denmark
353 k
Russia
347 k
New Zealand
+9
Level 37
Nov 24, 2017
No Monaco, Luxembourg, Liechtenstein, UAE, Bahrain?
+101
Level 78
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.
+7
Level 60
Sep 15, 2020
In the UAE, most of the population is actually workers on visa from south asia.
+3
Level 83
Oct 28, 2022
Yep, there are 1.15 million Emirati citizens and 8.84 million 'expats', of which the majority are South Asian immigrant labourers. Indeed, there are more people born in India and Pakistan living in the UAE than people born in the UAE. It's also why there are more than two men for every woman in the country. Strange place.
+45
Level 82
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.
+17
Level 72
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.
+2
Level 25
Apr 9, 2018
I know, where the heck is UAE?
+42
Level 30
Apr 10, 2018
United Arab Emirates, one of the richest countries in the world. Located in the middle east.
+11
Level 68
Jun 4, 2020
Next to Oman and Saudi Arabia, I think?
+10
Level 69
Jun 4, 2020
Who is UAE?
+14
Level 87
Jun 4, 2020
Why is UAE?
+5
Level 60
Sep 15, 2020
The British Empire, as most countries are.
+1
Level 56
Nov 23, 2022
When is UAE?
+1
Level 64
Nov 23, 2022
Whomst UAE?
+2
Level 57
Oct 29, 2020
If it was per capita than those countries would probably be on there.
+1
Level 46
Nov 23, 2022
That's the most stupid question I've seen in a while. Do you know the populations of those countries?
+1
Level 34
Nov 23, 2022
Monaco does have many Millianares per capita: https://www.jetpunk.com/user-quizzes/1744710/countries-with-the-most-millionaires-per-capita
+39
Level 66
Nov 24, 2017
You could say USA, UK, Japan, China, Germany, France, Canada, Australia and Italy are millionaire millionaires.
+7
Level 57
Mar 5, 2020
Yeah. Even I was surprised to see that India with a large population doesn't have even a million millioniaires.
+5
Level 35
Jun 5, 2020
Tbh, a lot of Indians do not disclose their true income to evade taxes.
+2
Level 70
Nov 8, 2022
I -highly- doubt that is the reason
+15
Level 73
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.
+27
Level 84
Nov 24, 2017
Yeah I think you sort of have to be a millionaire in Switzerland just to pay your rent.
+3
Level 67
Nov 30, 2017
Well you are a millionaire regardless if you're Swiss.
+4
Level 84
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 52
Apr 30, 2020
THAT is very not true it's a very rich country and very nice country to be in but it doesn't cost that much
+7
Level 84
Jun 8, 2020
Apparently the Swiss spend so much of their income on basic living expenses they have nothing left over for senses of humor. Tragic.
+2
Level 72
Oct 30, 2022
I was briefly a hundred-trillionaire in Zimbabwe before they gave up on their original currency. Of course, that hundred trillion dollar note couldn't even buy a loaf of bread at the end.
+11
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 66
Nov 23, 2022
Agreed, that's the whole ballgame. I'm Italian and I'm a millionaire, because I own two houses in a nice part of Rome, and that's enough. Of course, between taxes and stuff I can't even remotely live what you would call a typical "millionaire's life"
+3
Level 56
Nov 30, 2017
I love how the quiz has to point out that these are strictly adults. How rich are kids these days?
+4
Level 83
Dec 6, 2017
In some cases, very. A lot depends on how the inheritance taxes work in any particular country.
+4
Level 64
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.
+2
Level 64
Jun 4, 2020
It's strange how the Kylie drama is playing out almost two years later!
+4
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.
+4
Level 74
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 56
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 66
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.
+2
Level 47
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.
+4
Level 77
Jun 4, 2020
According to Wikipedia, in 2019 the US rate of homeless per 10,000 was 17, which was lower than Canada, Australia, New Zealand, the UK, Netherlands, Luxembourg, France, Germany, Sweden, Bosnia, China, Czech Republic, Greece, Ireland, Israel, and South Africa. Jordan and Liechtenstein reported 0 homeless, while Grenada had the most at 5644. Egypt, Honduras, Nigeria, and Haiti all had over 1000. Information is compiled differently among countries so direct comparisons are difficult. https://en.wikipedia.org/wiki/List_of_countries_by_homeless_population
+2
Level 48
Apr 5, 2018
Cool thumbnail :D
+1
Level 87
Mar 5, 2020
Is it Pringles or is it Natty Boh? The eternal question.
+2
Level 84
Jun 5, 2020
I assumed it was inspired by Milburn "Uncle" Pennybags, now known simply as Mr. Monopoly. No?
+1
Level 58
Dec 9, 2020
I never knew his name

thank you

+1
Level 73
Apr 5, 2018
no russia?
+1
Level 76
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?
+2
Level 62
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.
+3
Level 37
Apr 8, 2018
Am I dreaming? A quiz where Belgium is above Netherlands?
+2
Level 57
Jun 4, 2020
Not anymore though, has to do a lot with how our tax system works
+3
Level 45
Apr 8, 2018
Wait, in Switzerland, almost 10% of people are millionairs?! That's insane
+3
Level 80
Mar 5, 2020
I'm guessing this includes the millionaires hiding from taxes by registering a residence in Switzerland without actually living there.
+5
Level 70
Jun 24, 2020
That ain't that many people at all. I guess it also counts property ownership, then it would make much more sense.

But don't forget that the individual debt is huge in Switzerland, about 103% of the GPD, so maybe you habe a 1M$ house but you have an enormous loan...

+1
Level 46
Mar 21, 2021
I would suppose that's simply due to the fact of everything being extremely expensive in Switzerland.

For example, it is not uncommon at all having to pay 1 million and more to buy a property (probably also the reason why property ownership in Switzerland is amongst the lowest in Europe).

If one does decide to take up such a huge loan and pays it off after like 40 years (wages in Switzerland are also higher) then that would technically make them millionaire on paper, but these are still middle class people and probably all in their 60s and 70s.

+1
Level 55
Apr 12, 2018
USA at the top with no one really in 2nd place! WHOOOT!
+15
Level 72
Apr 23, 2018
Big population, high wealth inequality and relatively expensive house prices. It's not that remarkable.
+1
Level 58
Dec 9, 2020
USA! USA! USA!
+3
Level 75
Feb 24, 2021
@ChaosLord Agreed. Not to mention the economic momentum of an empire built on land expropriation and enslavement (aka free land/resources + free labour force). Not surprising.
+3
Level 53
Jan 27, 2019
1 million dollars isn't really that much these days, especially in some places.
+2
Level 58
Dec 9, 2020
okay bourgeoisie
+1
Level 38
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 66
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.
+11
Level ∞
Mar 4, 2020
If you paid off the mortgage you'd be worth a million. But, no, living in a million dollar house that the bank owns does not make you a millionaire.
+3
Level 87
Mar 5, 2020
Being a million dollars in debt would be the opposite of a millionaire.
+12
Level 77
Mar 4, 2020
Italy appears twice, with 1.5 million then again with 759k. I checked your data source and it says Italy 1.5 million, India 759k. Please can you check and correct?
+2
Level ∞
Mar 5, 2020
Fixed, thanks.
+1
Level 67
Mar 4, 2020
:o. Those are some crazy numbers! I have to admit, for a split second I doubted if it was the combined amount of money of millionaires. Obviously not, but at first glance my mind thought the numbers were to high to be individual millionaires. 18 million millionaires wow
+1
Level 67
Mar 4, 2020
I wonder how many there are in the world, and what their combined worth is.
+7
Level ∞
Mar 5, 2020
The American economy hasn't had a recession in over a decade. The median doctor in the U.S. makes nearly 300,000 a year. Senior software developers at FAANG companies have similar wages. You can easily pull down 100,000 a year as a construction worker in Seattle. Anyone who is willing to work can easily find a job. In fact, there has never been an easier time and place to get rich in the history of the world. Not that you'd ever know it listening to the news.
+4
Level ∞
Mar 5, 2020
Seriously, if you are young and smart, come to America. Work for a decade at a tech company, and go back to where you came with enough money to do whatever you really want to do.

I look at the salaries for jobs in London and it's really pathetic compared to what you can make in San Francisco or Seattle.

+3
Level 80
Mar 5, 2020
And if you get sick/into an accident?
+5
Level 86
Mar 6, 2020
QM is right but most people underestimate the costs of living in the SF Bay Area and, to only a slightly lesser degree, Seattle. For example, an Income of $117,400 is considered "low Income" by San Francisco, San Mateo and Marin counties, so that $100,000 job in construction doesn't do much. The median price of a home in SF is $1.3 million (that includes studio and 1 BR condos, the median for houses is $1.7). If one hopes to maintain a marginal middle class lifestyle at $250K a year, don't plan on home ownership or having a lot of that cash left after a decade. On the other hand, despite terrible problems like homelessness and traffic, it's a wonderful place to live with a great climate, cultural opportunities, sports and entertainment and fascinating (if sometimes nutty) people. A worthwhile experience.,
+5
Level 72
Jun 4, 2020
Also no first world country in which it's easier to become destitute and left behind. When the USA is the most unequal country in the OECD, and the 38th most unequal in the world, 18 million millionaires is not something of which to be proud, buddy.
+2
Level 77
Jun 4, 2020
I live in a rural area where cost of living is low, and I know telephone line workers and registered nurses who knock down six figures a year. Their secret is being willing to work overtime to earn time-and-a-half. RN's can work three 12-hour shifts per week in the ICU, for example, and either pick up another shift for overtime, or take a weekend option at a city hospital and often earn double pay or more at hospitals desperate to staff on weekends. Two of our friends were telephone linemen and both earned over six figures working lots of overtime, but the downside is they both had knee surgeries in their 50s, and RNs often get varicose veins. They aren't all easy jobs, but the potential for earning is there for people willing to work hard, and living in more rural areas allow people to keep more of their pay.
+3
Level 58
Dec 9, 2020
"The American economy hasn't had a recession in over a decade" You jinxed us Quizmaster!
+1
Level 83
Nov 23, 2022
Quizmaster is right. North America is overpriced. If you have no family ties keeping you in Canada or the US when you retire, sell your home and move to a cheaper yet civilized place. I'm thinking Portugal or the Balkans myself.
+4
Level 46
Jun 4, 2020
Need to be a millionaire in Switzerland just to buy a beer
+1
Level 28
Jun 4, 2020
Why except UK for United Kingdom but not US for United States. Also, America shouldn't count for US because not all of America is the states.
+2
Level 72
Jun 4, 2020
USA is accepted for United States
+2
Level 52
Jun 4, 2020
Indonesia... so many people no millionaires
+3
Level 55
Jun 4, 2020
Same with, say, Pakistan, or Bangladesh, or Nigeria, or Egypt, or Ethiopia, the list goes on and on.
+4
Level 43
Jun 4, 2020
I'm pretty sure that Indonesia does have millionaires, just not enough for this quiz.
+3
Level 84
Jun 5, 2020
If I ever became a millionaire, I'd spend $950,000 on pizza & beer. The rest I'd spend foolishly.
+1
Level 38
Jun 5, 2020
Even Brazilians are poor by comparison. Joseph Safra, Lebanese naturalized Brazilian and owner of Banco Safra, accumulates a fortune of US $ 25.2 billion (R $ 95.3 billion), dispute with Jorge Paulo Lemann, owner of 3G Capital: US $ 22.8 billion (R $ 86.2 billion), as the richest man in Brazil. The social inequality is so big around here, that some cannot get money to have food at home, living in a DEPLORABLE way.

Detail: Joseph Safra is Lebanese naturalized Brazilian, and João Paulo Lemann is Swiss naturalized Brazilian. In other words, I would never imagine Brazil on the list.

+1
Level 38
Jun 6, 2020
Correction: João Paulo Lemann is swiss naturalized brazilian.
+1
Level 31
Jul 2, 2020
Social inequality isn't the problem here, but poverty is. The major factor in poverty in Brazil is the bureaucracy of the state. and the "Brazil Cost". https://en.wikipedia.org/wiki/Brazil_cost
+1
Level 75
Feb 24, 2021
Interesting, I'd never heard of the Brazil cost. Thanks for the info.
+2
Level 38
Jun 6, 2020
If I was a millionaire, I'd buy 500,000 packets of Wine Gums. I'm only 10 :)
+8
Level 49
Jun 6, 2020
The US that far ahead... just sickening. Down with capitalism.
+5
Level 84
Jun 8, 2020
because capitalism made the economy of the US so good that people there are wealthier than in most of the rest of the world? That's sickening?
+2
Level 84
Jun 8, 2020
If you own a house, a couple cars, and have a reasonable retirement fund in the USA there's a good chance that you're a millionaire...

now... a system that allows for there to be so many billionaires.... that's a little more of a concern. But it's not the same thing as capitalism.

+3
Level 85
Oct 29, 2022
I was thinking it was because USA has a larger population than European countries but if you check the number of millinoaires per capita, USA is still at spot 4 in the world with 9.7% of the population having a net worth above 1 million. Only Luxembourg (16,3%), Switzerland (15,5%) and Australia (11,2%) scoring higher. Although I noticed countries like Monaco missing in the list which will have more than 10%.
+1
Level 77
Jun 25, 2021
I only missed Spain... I'm spanish.
+1
Level 85
Oct 29, 2022
Nice quiz, would like to see a Millionaires per capita quiz
+1
Level 67
Nov 23, 2022
It's easy to get your net worth 1m+ in the USA when you focus and pursue profitable work. Best country in the world to do this with the lowest barrier of entry. I'm curious how many angry, left-leaning replies this comment will yield.
+4
Level 72
Nov 23, 2022
jUst pUlL yOUrsElF Up bY YUoR bOOtsTRAps BrO
+1
Level 76
Nov 23, 2022
But I haven't any boots! :/
+1
Level 83
Nov 23, 2022
Kinda surprising that Singapore, with more people and a much higher per capita GDP doesn't make the list, but NZ does.
+1
Level 34
Nov 23, 2022
I've made a sequel of sorts! https://www.jetpunk.com/user-quizzes/1744710/countries-with-the-most-millionaires-per-capita
+1
Level 76
Nov 23, 2022
Was expecting Singapore to be on here!
+1
Level 72
Nov 23, 2022
Am I right in thinking that not so many Singaporeans own their own home, and that's the asset that often leads to a person becoming a net worth millionaire.
+1
Level 22
Nov 23, 2022
Only missed Taiwan, which isn't even a country so basically that's 100% for me