Countries with the Most Millionaires

Name the countries that have the most adults with a net worth over 1 million U.S. dollars.
For 2019. Source.
Quiz by footballfan99
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Last updated: March 4, 2020
First submittedSeptember 7, 2015
Times taken30,763
Rating4.77
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millionaires
country
18.6 mil
United States
4.96 mil
China
3.03 mil
Japan
2.46 mil
United Kingdom
2.19 mil
Germany
2.07 mil
France
1.50 mil
Italy
1.32 mil
Canada
1.18 mil
Australia
979 k
Spain
millionaires
country
832 k
Netherlands
810 k
Switzerland
759 k
India
741 k
South Korea
528 k
Taiwan
374 k
Sweden
313 k
Austria
279 k
Belgium
259 k
Brazil
246 k
Russia
+6
Level 38
Nov 24, 2017
No Monaco, Luxembourg, Liechtenstein, UAE, Bahrain?
+60
Level 71
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.
+30
Level 78
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.
+10
Level 69
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?
+19
Level 28
Apr 10, 2018
United Arab Emirates, one of the richest countries in the world. Located in the middle east.
+4
Level 60
Jun 4, 2020
Next to Oman and Saudi Arabia, I think?
+3
Level 59
Jun 4, 2020
Who is UAE?
+3
Level 83
Jun 4, 2020
Why is UAE?
+28
Level 64
Nov 24, 2017
You could say USA, UK, Japan, China, Germany, France, Canada, Australia and Italy are millionaire millionaires.
+4
Level 55
Mar 5, 2020
Yeah. Even I was surprised to see that India with a large population doesn't have even a million millioniaires.
+1
Level 32
Jun 5, 2020
Tbh, a lot of Indians do not disclose their true income to evade taxes.
+9
Level 72
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.
+13
Level 79
Nov 24, 2017
Yeah I think you sort of have to be a millionaire in Switzerland just to pay your rent.
+2
Level 62
Nov 30, 2017
Well you are a millionaire regardless if you're Swiss.
+4
Level 79
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.
+3
Level 73
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 50
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
+1
Level 79
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.
+8
Level 72
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 47
Nov 30, 2017
I love how the quiz has to point out that these are strictly adults. How rich are kids these days?
+2
Level 79
Dec 6, 2017
In some cases, very. A lot depends on how the inheritance taxes work in any particular country.
+2
Level 63
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 59
Jun 4, 2020
It's strange how the Kylie drama is playing out almost two years later!
+2
Level 72
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 71
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 59
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.
+2
Level 78
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
+1
Level 50
Apr 5, 2018
Cool thumbnail :D
+1
Level 81
Mar 5, 2020
Is it Pringles or is it Natty Boh? The eternal question.
+1
Level 77
Jun 5, 2020
I assumed it was inspired by Milburn "Uncle" Pennybags, now known simply as Mr. Monopoly. No?
+1
Level 58
Apr 5, 2018
no russia?
+1
Level 71
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 59
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?
+1
Level 43
Jun 4, 2020
Not anymore though, has to do a lot with how our tax system works
+3
Level 35
Apr 8, 2018
Wait, in Switzerland, almost 10% of people are millionairs?! That's insane
+1
Level 77
Mar 5, 2020
I'm guessing this includes the millionaires hiding from taxes by registering a residence in Switzerland without actually living there.
+1
Level 66
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
Apr 12, 2018
USA at the top with no one really in 2nd place! WHOOOT!
+7
Level 67
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 40
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 67
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.
+8
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 81
Mar 5, 2020
Being a million dollars in debt would be the opposite of a millionaire.
+11
Level 74
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?
+1
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.
+4
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.
+1
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.

+1
Level 77
Mar 5, 2020
And if you get sick/into an accident?
+2
Level 81
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.,
+3
Level 67
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.
+1
Level 78
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 45
Jun 4, 2020
Need to be a millionaire in Switzerland just to buy a beer
+1
Level 15
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.
+1
Level 60
Jun 4, 2020
USA is accepted for United States
+2
Level 50
Jun 4, 2020
Indonesia... so many people no millionaires
+2
Level 46
Jun 4, 2020
Same with, say, Pakistan, or Bangladesh, or Nigeria, or Egypt, or Ethiopia, the list goes on and on.
+1
Level 43
Jun 4, 2020
I'm pretty sure that Indonesia does have millionaires, just not enough for this quiz.
+1
Level 77
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 15
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 15
Jun 6, 2020
Correction: João Paulo Lemann is swiss naturalized brazilian.
+1
Level 28
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 34
Jun 6, 2020
If I was a millionaire, I'd buy 500,000 packets of Wine Gums. I'm only 10 :)
+1
Level 45
Jun 6, 2020
The US that far ahead... just sickening. Down with capitalism.
+1
Level 79
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?
+1
Level 79
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.