Jeff Belmonte
10. Italy
Number of millionaires: 229 thousand.
In 2016, there has been high volatility in the local financial sector. Nevertheless, Italy is still one of the largest economies in Europe, and the number of millionaires there has grown by 4% since the previous report, published in 2015.
9. Australia
Number of millionaires: 234 thousand.
The report shows that Australia also observed a significant increase in the number of millionaires - by 4% over the last year.
Many of them have become rich thanks to natural resources and mining industry, which accounts for over 7% of GDP and boosts strong economic growth.
8. Canada
Number of millionaires: 321 thousand.
Many representatives of other countries live in Canada, though in the last year, the country has lost a significant part of its upper-crust world: their number decreased by 3%.
World Wealth Report suggests the fall was partly caused by the unfavorable situation in asset markets that led to the runaway.
7. Switzerland
Number of millionaires: 358 thousand.
Switzerland is one of the most favorite destinations for millionaires. It is not surprising that the country has got in the top 10 countries by the number of wealthy people.
In addition, this country is among the top countries with the highest per capita income, so the wealth is concentrated in the hands of a limited number of persons.
6. France
Number of millionaires: 523 thousand.
Number of millionaires in France increased by 6% compared to last year.
Even direct taxes on those earning more than € 1,3 million are not a reason solid enough to scare millionaires off.
5. United Kingdom
Number of millionaires: 553 thousand.
Of course, it’s mostly about London, as the city is one of the world's largest financial centers.
However, the report notes that at the moment, no one can predict how Brexit will affect the situation.
4. China
Number of millionaires: 1 034 000.
China is a country with the highest population in the world. And if you take into account high rate of economic growth, it is not surprising that the country has entered the top 10 by the number of millionaires.
Nevertheless, World Wealth Report noted that the China's economy is cooling down; therefore, pace of growth in the number of millionaires is also slowing.
3. Germany
Number of millionaires: 1 199 000
This is the largest euro zone economy, which hosts the largest number of millionaires in Europe.
In 2014, Germany was the largest exporter of capital, and its trade surplus amounted to $ 285 billion.
2. Japan
Number of millionaires: 2 720 000.
Japan has the highest growth in the number of millionaires of all countries included in the list. This increase was 11%.
World Wealth Report believes that this is partly due to the fact that the government has introduced regulations and tax rules to encourage domestic investment.
1. United States
Number of millionaires: 4 458 000.
It is logical that the largest economy in the world has the highest number of millionaires.
The analysts note that the US leadership position will soon be challenged by China. Yet, no other country in the world support and stimulate innovation as much as the United States do. The country is leading in virtually all sectors of the economy.
Number of millionaires: 229 thousand.
In 2016, there has been high volatility in the local financial sector. Nevertheless, Italy is still one of the largest economies in Europe, and the number of millionaires there has grown by 4% since the previous report, published in 2015.
9. Australia
Number of millionaires: 234 thousand.
The report shows that Australia also observed a significant increase in the number of millionaires - by 4% over the last year.
Many of them have become rich thanks to natural resources and mining industry, which accounts for over 7% of GDP and boosts strong economic growth.
8. Canada
Number of millionaires: 321 thousand.
Many representatives of other countries live in Canada, though in the last year, the country has lost a significant part of its upper-crust world: their number decreased by 3%.
World Wealth Report suggests the fall was partly caused by the unfavorable situation in asset markets that led to the runaway.
7. Switzerland
Number of millionaires: 358 thousand.
Switzerland is one of the most favorite destinations for millionaires. It is not surprising that the country has got in the top 10 countries by the number of wealthy people.
In addition, this country is among the top countries with the highest per capita income, so the wealth is concentrated in the hands of a limited number of persons.
6. France
Number of millionaires: 523 thousand.
Number of millionaires in France increased by 6% compared to last year.
Even direct taxes on those earning more than € 1,3 million are not a reason solid enough to scare millionaires off.
5. United Kingdom
Number of millionaires: 553 thousand.
Of course, it’s mostly about London, as the city is one of the world's largest financial centers.
However, the report notes that at the moment, no one can predict how Brexit will affect the situation.
4. China
Number of millionaires: 1 034 000.
China is a country with the highest population in the world. And if you take into account high rate of economic growth, it is not surprising that the country has entered the top 10 by the number of millionaires.
Nevertheless, World Wealth Report noted that the China's economy is cooling down; therefore, pace of growth in the number of millionaires is also slowing.
3. Germany
Number of millionaires: 1 199 000
This is the largest euro zone economy, which hosts the largest number of millionaires in Europe.
In 2014, Germany was the largest exporter of capital, and its trade surplus amounted to $ 285 billion.
2. Japan
Number of millionaires: 2 720 000.
Japan has the highest growth in the number of millionaires of all countries included in the list. This increase was 11%.
World Wealth Report believes that this is partly due to the fact that the government has introduced regulations and tax rules to encourage domestic investment.
1. United States
Number of millionaires: 4 458 000.
It is logical that the largest economy in the world has the highest number of millionaires.
The analysts note that the US leadership position will soon be challenged by China. Yet, no other country in the world support and stimulate innovation as much as the United States do. The country is leading in virtually all sectors of the economy.