The Strategist

10 countries with the largest number of billionaires

11/14/2018 - 11:48

Earlier, millionaires seemed a real rarity, but this is no longer the case in the modern world. The club of millionaires is becoming more numerous.

Today, almost 33 million people in different countries of the world have a capital exceeding $ 1 million, according to Credit Suisse.

13.6 million people with a fortune of over $ 1 million live only in the United States, which is 41% of all millionaires in the world.

Nevertheless, if we talk about the number of millionaires per capita, the leader is Switzerland. Almost 12% of the country's population are millionaires.

Below we describe the 10 countries with the largest number of millionaires.

10. Switzerland

Number of millionaires: 716,000

Population of the country (adults): 6.19 million

Average capital per 1 adult: $ 244,002

Switzerland is one of the most developed and richest countries in the world. It is a highly developed industrial country with intensive highly productive agriculture and an almost complete absence of any minerals. According to economists, it is among the top ten countries in the world in terms of economic competitiveness. The Swiss economy is closely connected with the outside world, first of all with the EU countries: there are thousands of threads of industrial cooperation and foreign trade transactions.

9. Australia

Number of millionaires: 1,060,000

Population of the country (adults): 17.12 million

Average capital per 1 adult: $ 162,815

Australia is one of the developed countries, being the 13th largest economy in the world, and ranks 6th in the world in terms of GDP per capita. With the second largest human development index, Australia holds a high place in many areas, such as quality of life, health, education, economic freedom, protection of civil liberties and political rights.

8. Canada

Number of millionaires: 1,117,000

Population of the country (adults): 28 million

Average capital per 1 adult: $ 96,664

Canada is one of the richest countries in the world with a high per capita income and is a member of the Organization for Economic Cooperation and Development (OECD) and the G-7. The country is one of the top ten countries in the world. The main trading partner is the United States.

7. Italy

Number of millionaires: 1 132 000

Population of the country (adults): 49.3 million

Average capital per 1 adult: $ 104,105

Italy is a developed industrial-agrarian country. The national economy is traditionally characterized by large regional differences in income levels and economic specialization: the industrial and postindustrial centers in the north of the country are confronted by a backward crisis in the south with a high share of the shadow economy and stagnant central regions.

6. China

Number of millionaires: 1,590,000

Population of the country (adults): 1.023 billion

Average capital per 1 adult: $ 4,885

The economy of China has been constantly growing in the last 30 years. The state is developing its own education system, training students abroad (especially in the USA and Japan), encourages import of technologies that allow developing such advanced sectors of the economy as software production, new materials, telecommunications industry, biotechnology, and health care.

5. France

Number of millionaires: 1,617,000

Population of the country (adults): 48.66 million

Average capital per 1 adult: $ 99,923

France is a highly developed country, a nuclear and space power. The economy is dominated by the service sector, which employs 76.7% of the economically active population, and the secondary sector accounts for 20.5%. France has a great cultural heritage. It is rich, diverse, and reflects wide regional differences.

4. Germany

Number of millionaires: 1 637 000

Population of the country (adults): 67.07 million

Average capital per 1 adult: $ 42,833

Germany is a powerful country with a dynamic economy. As a world leader in a number of industrial and technological sectors, it is the third largest exporter and importer of goods in the world. The state is a developed country with a very high standard of living. It supports social security and a universal health care system, environmental protection and free higher education.

3. United Kingdom

Number of millionaires: 2,225,000

Population of the country (adults): 48.99 million

Average capital per 1 adult: $ 107,865

The British services sector is the main sector of the country's economy, accounting for about 75% of GDP. A well-developed banking sector and relatively liberal regulation make the country, first of all, the City of London, the global center for the laundering of criminal income received throughout the world.

2. Japan

Number of millionaires: 2,826,000

Population of the country (adults): 104.22 million

Average capital per 1 adult: $ 120,493

Japan is a developed country with a very high standard of living. It has one of the highest life expectancies and one of the lowest infant mortality rates. Banking services, insurance, real estate, transportation, retail, telecommunications and construction play a significant role in the country's economy. Japan has large manufacturing facilities, and there are several of the largest manufacturers of motor vehicles, electronics, machine tools, steel, ships, chemicals, textiles and food products.

1. United States

Number of millionaires: 13,554,000

Population of the country (adults): 245.97 million

Average capital per 1 adult: $ 44,977

The United States is a highly developed country with the first economy in the world in nominal GDP and the second in GDP. Although the country's population accounts for only 4.3% of the world’s total, Americans own about 40% of total world wealth. The United States occupies a leading position in the world in a number of socio-economic indicators, including average wages, GDP per capita and labor productivity. While the US economy is postindustrial, characterized by a predominance of the service sector and the knowledge economy, the country's manufacturing sector remains the second largest in the world.