Countries with the Most Millionaires

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.

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.

I know, where the heck is UAE?

United Arab Emirates, one of the richest countries in the world. Located in the middle east.

You could say USA, UK, Japan, China, Germany, France, Canada, Australia and Italy are millionaire millionaires.

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.

Yeah I think you sort of have to be a millionaire in Switzerland just to pay your rent.

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.

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.

Agreed. Having a million dollar net worth is very different from having $1M in liquid assets (house, possessions, etc. not included)

I love how the quiz has to point out that these are strictly adults. How rich are kids these days?

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.

Amazing. If all the millionaires in the US formed their own city, it would be the largest city in the country.

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.

Russia has a lot of wealth I guess it's not very evenly spread. Same with the Middle Eastern countries particularly Saudi Arabia.

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.

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.

Cool thumbnail :D

India has 172,000 millionaires. This puts it in 21st place, 3 places below Austria.

Am I dreaming? A quiz where Belgium is above Netherlands?

Wait, in Switzerland, almost 10% of people are millionairs?! That's insane