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

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Last updated: October 28, 2022

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First submitted	September 7, 2015
Times taken	80,770
Average score	85.0%
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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

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112 Comments

Level 36

Nov 24, 2017

No Monaco, Luxembourg, Liechtenstein, UAE, Bahrain?

+117

Level 80

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.

Level 59

Sep 15, 2020

In the UAE, most of the population is actually workers on visa from south asia.

Level 81

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.

+51

Level 85

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.

+20

Level 74

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.

Level 23

Apr 9, 2018

I know, where the heck is UAE?

+51

Level 30

Apr 10, 2018

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

+16

Level 75

Jun 4, 2020

Next to Oman and Saudi Arabia, I think?

+14

Level 74

Jun 4, 2020

Who is UAE?

+21

Level 91

Jun 4, 2020

Why is UAE?

Level 59

Sep 15, 2020

The British Empire, as most countries are.

Level 65

Nov 23, 2022

When is UAE?

Level 70

Nov 23, 2022

Whomst UAE?

Level 61

Dec 18, 2022

UAE?

Level 63

Jan 17, 2023

How is UAE?

Level 65

Apr 9, 2024

is UAE?

Level 40

Dec 5, 2024

which art thou, UAE?

Level 62

Oct 29, 2020

If it was per capita than those countries would probably be on there.

Level 51

Nov 23, 2022

That's the most stupid question I've seen in a while. Do you know the populations of those countries?

Level 62

Nov 23, 2022

Monaco does have many Millianares per capita: https://www.jetpunk.com/user-quizzes/1744710/countries-with-the-most-millionaires-per-capita

Level 49

Mar 9, 2025

It’s total number of millionaires not per capita

+46

Level 66

Nov 24, 2017

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

Level 56

Mar 5, 2020

Yeah. Even I was surprised to see that India with a large population doesn't have even a million millioniaires.

+10

Level 35

Jun 5, 2020

Tbh, a lot of Indians do not disclose their true income to evade taxes.

Level 79

Nov 8, 2022

I -highly- doubt that is the reason

+19

Level 74

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.

+35

Level 81

Nov 24, 2017

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

Level 70

Nov 30, 2017

Well you are a millionaire regardless if you're Swiss.

Level 81

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.

Level 65

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

Level 81

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.

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.

+13

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)

Level 69

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"

Level 61

Nov 30, 2017

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

Level 86

Dec 6, 2017

In some cases, very. A lot depends on how the inheritance taxes work in any particular country.

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.

Level 61

Jun 4, 2020

It's strange how the Kylie drama is playing out almost two years later!

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.

Level 72

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.

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.

Level 71

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.

Level 45

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.

Level 75

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

Level 67

Jan 11, 2023

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

Level 46

Apr 5, 2018

Cool thumbnail :D

Level 90

Mar 5, 2020

Is it Pringles or is it Natty Boh? The eternal question.

Level 85

Jun 5, 2020

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

Level 58

Dec 9, 2020

I never knew his name

thank you

Level 74

Apr 5, 2018

no russia?

Level 78

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?

Level 66

Apr 6, 2018

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

Level 38

Apr 7, 2018

I thought India and Russia would be on the list.

Level 35

Apr 8, 2018

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

Level 59

Jun 4, 2020

Not anymore though, has to do a lot with how our tax system works

Level 46

Apr 8, 2018

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

Level 84

Mar 5, 2020

I'm guessing this includes the millionaires hiding from taxes by registering a residence in Switzerland without actually living there.

Level 73

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...

Level 43

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.

Level 61

Apr 12, 2018

USA at the top with no one really in 2nd place! WHOOOT!

+15

Level 76

Apr 23, 2018

Big population, high wealth inequality and relatively expensive house prices. It's not that remarkable.

Level 58

Dec 9, 2020

USA! USA! USA!

Level 73

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.

Level 47

Jan 27, 2019

1 million dollars isn't really that much these days, especially in some places.

Level 58

Dec 9, 2020

okay bourgeoisie

Level 35

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.

Level 65

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.

+13

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.

Level 90

Mar 5, 2020

Being a million dollars in debt would be the opposite of a millionaire.

+12

Level 80

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?

Level ∞

Mar 5, 2020

Fixed, thanks.

Level 72

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

Level 72

Mar 4, 2020

I wonder how many there are in the world, and what their combined worth is.

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.

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.

Level 84

Mar 5, 2020

And if you get sick/into an accident?

Level 90

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.,

Level 76

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.

Level 75

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.

Level 58

Dec 9, 2020

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

Level 87

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.

Level 45

Jun 4, 2020

Need to be a millionaire in Switzerland just to buy a beer

Level 27

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.

Level 81

Jun 4, 2020

USA is accepted for United States

Level 65

Jun 4, 2020

Indonesia... so many people no millionaires

Level 60

Jun 4, 2020

Same with, say, Pakistan, or Bangladesh, or Nigeria, or Egypt, or Ethiopia, the list goes on and on.

Level 44

Jun 4, 2020

I'm pretty sure that Indonesia does have millionaires, just not enough for this quiz.

Level 85

Jun 5, 2020

If I ever became a millionaire, I'd spend $950,000 on pizza & beer. The rest I'd spend foolishly.

Level 43

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.

Level 43

Jun 6, 2020

Correction: João Paulo Lemann is swiss naturalized brazilian.

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

Level 73

Feb 24, 2021

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

Level 38

Jun 6, 2020

If I was a millionaire, I'd buy 500,000 packets of Wine Gums. I'm only 10 :)

Level 83

Jun 25, 2021

I only missed Spain... I'm spanish.

Level 91

Oct 29, 2022

Nice quiz, would like to see a Millionaires per capita quiz

Level 68

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.

Level 76

Nov 23, 2022

jUst pUlL yOUrsElF Up bY YUoR bOOtsTRAps BrO

Level 81

Nov 23, 2022

But I haven't any boots! :/

Level 81

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.

Level 75

Feb 13, 2025

NZ and Australia have high property ownership. And property prices are very expensive. Great if you are in the market but not ideal if you're not.

Level 62

Nov 23, 2022

I've made a sequel of sorts! https://www.jetpunk.com/user-quizzes/1744710/countries-with-the-most-millionaires-per-capita

Level 81

Nov 23, 2022

Was expecting Singapore to be on here!

Level 75

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.

Level 28

Nov 23, 2022

Only missed Taiwan, which isn't even a country so basically that's 100% for me

Level 62

Feb 22, 2023

19/20 didn't put Denmark.

Level 18

May 24, 2023

Would a communist country(or in theory communist) like China realistically have any millionares? Or am I forgetting something?

Level 75

Feb 9, 2024

I don't know much about the Chinese economy, but from quick Wikipedia-ing, I feel confident in saying that some individuals own private property, and some individuals own businesses. The various levels of government own a large share of land and business themselves, but the private sector does exist and is an important part of the economy (at least since Deng Xiaoping took charge).

In theory, I don't think a "pure communist" society would have millionaires, or wealth at all.

Level 70

Nov 8, 2024

Hong Kong, Shanghai, etc?

Level 70

Nov 8, 2023

What a sad statistic.

Except for countries with very high cost of living, then it checks out. But the Gini coefficient in, for example, Russia or South Africa is insane.

Level 35

Feb 6, 2024

Great quiz

Love the thumbnail :)