The 18 countries with the most millionaires
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.
canadastock / Shutterstock
Number of millionaires: 217,000
Adult population: 6.84 million
Median wealth per adult: $52,519
17. Denmark
Number of millionaires: 240,000
Adult population: 4.24 million
Median wealth per adult: $52,279
16. Sweden
Number of millionaires: 285,000
Adult population: 7.41 million
Median wealth per adult: $39,692
15. The Netherlands
Mapics / Shutterstock
Number of millionaires: 287,000
Adult population: 13.08 million
Median wealth per adult: $81,118
14. Belgium
Number of millionaires: 307,000
Adult population: 8.47 million
Median wealth per adult: $154,815
13. Taiwan
Shutterstock
Number of millionaires: 356,000
Adult population: 18.51 million
Median wealth per adult: $63,134
12. Spain
Number of millionaires: 386,000
Adult population: 37.79 million
Median wealth per adult: $56,500
11. South Korea
Shutterstock
Number of millionaires: 679,000
Adult population: 39.26 million
Median wealth per adult: $64,636
10. Switzerland
Number of millionaires: 716,000
Adult population: 6.19 million
Median wealth per adult: $244,002
9. Australia
Shutterstock
Number of millionaires: 1,060,000
Adult population: 17.12 million
Median wealth per adult: $162,815
8. Canada
Number of millionaires: 1,117,000
Adult population: 28 million
Median wealth per adult: $96,664
7. Italy
TripAdvisor
Number of millionaires: 1,132,000
Adult population: 49.3 million
Median wealth per adult: $104,105
6. China
Number of millionaires: 1,590,000
Adult population: 1.023 billion
Median wealth per adult: $4,885
5. France
Number of millionaires: 1,617,000
Adult population: 48.66 million
Median wealth per adult: $99,923
4. Germany
Number of millionaires: 1,637,000
Adult population: 67.07 million
Median wealth per adult: $42,833
3. United Kingdom
Number of millionaires: 2,225,000
Adult population: 48.99 million
Median wealth per adult: $107,865
2. Japan
Number of millionaires: 2,826,000
Adult population: 104.22 million
Median wealth per adult: $120,493
1. United States
