The 18 countries with the most millionaires

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It may not have the most millionaires, but nowhere else in the world is it more common to be a millionaire than in Switzerland.
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Daniel Schwen / Wikimedia Commons

Minting a million-dollar fortune isn’t the remarkable feat it used to be.

It remains a marker of immense wealth, but the club is growing ever more crowded, with nearly 33 million people across the globe now laying claim to fortunes in excess of $1 million, according to estimates by Credit Suisse in its most recent Global Wealth Databook.

The US alone claims 13.6 million adults with a net worth above $1 million – that’s 41% of all the world’s millionaires and more than the next eight countries combined.

Switzerland, however, has the most millionaires per capita: Nearly 12% of the adults in the country are millionaires, or one out of every 8.6.

The millionaire population isn’t necessarily a indicator of broad wealth within a country. Despite having the most millionaires by a gaping margin, the median wealth for adults in the US is only $44,977. Of the 18 countries with more than 200,000 millionaires, that’s a lower median wealth figure than all but Germany ($42,833), Sweden ($39,692), and China ($4,885).

Below, Business Insider has ranked the 18 countries with the most millionaires – that’s all fortunes above $1 million, including the billionaires – based on Credit Suisse’s annual wealth report (you can read the full report here). We’ve also included the country’s population and median wealth for comparison purposes.


18. Austria

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canadastock / Shutterstock

Number of millionaires: 217,000

Adult population: 6.84 million

Median wealth per adult: $52,519


17. Denmark

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Flickr/JamesZ

Number of millionaires: 240,000

Adult population: 4.24 million

Median wealth per adult: $52,279


16. Sweden

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Thomas Fabian/Flickr

Number of millionaires: 285,000

Adult population: 7.41 million

Median wealth per adult: $39,692


15. The Netherlands

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Mapics / Shutterstock

Number of millionaires: 287,000

Adult population: 13.08 million

Median wealth per adult: $81,118


14. Belgium

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iStock / SerrNovik

Number of millionaires: 307,000

Adult population: 8.47 million

Median wealth per adult: $154,815


13. Taiwan

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Shutterstock

Number of millionaires: 356,000

Adult population: 18.51 million

Median wealth per adult: $63,134


12. Spain

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Shutterstock/Iakov Filimonov

Number of millionaires: 386,000

Adult population: 37.79 million

Median wealth per adult: $56,500


11. South Korea

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Shutterstock

Number of millionaires: 679,000

Adult population: 39.26 million

Median wealth per adult: $64,636


10. Switzerland

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Shutterstock / Boris Stroujko

Number of millionaires: 716,000

Adult population: 6.19 million

Median wealth per adult: $244,002


9. Australia

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Shutterstock

Number of millionaires: 1,060,000

Adult population: 17.12 million

Median wealth per adult: $162,815


8. Canada

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Getty Images/Joanne Levesque

Number of millionaires: 1,117,000

Adult population: 28 million

Median wealth per adult: $96,664


7. Italy

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TripAdvisor

Number of millionaires: 1,132,000

Adult population: 49.3 million

Median wealth per adult: $104,105


6. China

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Flickr/tangi bertin

Number of millionaires: 1,590,000

Adult population: 1.023 billion

Median wealth per adult: $4,885


5. France

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iStock/TomasSereda

Number of millionaires: 1,617,000

Adult population: 48.66 million

Median wealth per adult: $99,923


4. Germany

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Shutterstock

Number of millionaires: 1,637,000

Adult population: 67.07 million

Median wealth per adult: $42,833


3. United Kingdom

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Jeremy Reddington/Shutterstock

Number of millionaires: 2,225,000

Adult population: 48.99 million

Median wealth per adult: $107,865


2. Japan

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Reuters/Kimimasa Mayama

Number of millionaires: 2,826,000

Adult population: 104.22 million

Median wealth per adult: $120,493


1. United States

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Courtesy of TripAdvisor

Number of millionaires: 13,554,000

Adult population: 245.97 million

Median wealth per adult: $44,977