Countries with the Most Millionaires

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.

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.

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

Next to Oman and Saudi Arabia, I think?

Why is UAE?

When is UAE?

UAE?

How is UAE?

is UAE?

It’s total number of millionaires not per capita

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.

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

Apparently the Swiss spend so much of their income on basic living expenses they have nothing left over for senses of humor. Tragic.

Not self-made.

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.

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

Twmo3 I think you have misunderstood the meaning of millionaire, or distribution, or both. Millionaire is an absolute, not a relative term

I assumed it was inspired by Milburn "Uncle" Pennybags, now known simply as Mr. Monopoly. No?

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...

And if you get sick/into an accident?

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.,

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.

"The American economy hasn't had a recession in over a decade" You jinxed us Quizmaster!

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.

Interesting, I'd never heard of the Brazil cost. Thanks for the info.

I’m about to turn 55 and just a few thousand away in my 401k from 1m. Just slightly behind what you posted but yes, it is totally doable. And I’m just your normal middle class worker drone.