(September 1, 2022). The United States boasts 41% of the world's millionaires, but it's clear that the fruits of labor are enjoyed by only a select groupaverage wealth ($403,974) is almost seven times higher than median wealth ($61,667). Share to Linkedin. And with roughly 40 million residents, it's also the most populous state in the country. The final scores (visualized as the bars in the infographic above) represent each states weighted average across all metrics. Asset price inflation and/or U.S. dollar depreciation can temporarily flatter the wealth growth figures, but cannot alter the longer-term trends. Mapped: The State of Democracy Around the World, Mapped: The Largest 15 U.S. Cities by GDP, Visualized: The Most (and Least) Expensive Cities to Live In, Mapped: The Population of Indias States Compared with Countries, Charted: 30 Years of Central Bank Gold Demand, Visualizing U.S. This growing inequality gap knocks the country down to 18th place for median wealth. 4. The US dominates the list with a total of 6 cities in the top 20. Setting aside exchange rate movements, aggregate global wealth grew by 12.7% in 2021, which is the fastest an . statistic alerts) please log in with your personal account. Ranked: The Largest Bond Markets in the World. Hong KongMore than 200,000 residents of this Special Administrative Region of China about 8.8% to be exact are US dollar millionaires. Does Portland covertly have the most homeless persons per capita Kiplinger. The biggest reason for the drop? Total population:2.7 million, according to the US Census Bureau. Where The Richest Live: The Cities With The Most Billionaires 2022 - Forbes From this perspective, the golden age at the start of the century was probably due to a favorable combination of factors, most especially the rapid transformation of China from an emerging nation in transition to a fully-fledged market economy, Credit Suisse said. The continent's largest economy also has the most numbers of millionaires in Europe. Finally, wealth in Japan is fairly evenly distributed among its large middle class, which lands it in seventh place on the median wealth list at $103,861. Quintet Private Bank chief economist Daniele Antonucci said from property rights to the rule of law, capital availability, efficient public administration and taxation systems, and flexible labor markets, these countries lead the way in creating an overall environment that fosters entrepreneurship. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Elias Ghanem, global head of market intelligence at Capgemini Financial Services, said: Our conclusion is that GDP and economic performance, as well as its impact on equity markets, played a key role in determining HNWI population growth over initial years of the last decade post the financial crisis (2009 2014). Connecticut The 5,567 square mile state of Connecticut ranked third in the US in the number of millionaires per capita. Top editors give you the stories you want delivered right to your inbox each weekday. Atomic City, USA: how once-secret Los Alamos became a millionaire's
which country has the most millionaires per capita?