Top countries for multi-millionaires

The number of multi-millionaires in the world is growing, making up close to 4% of the world total millionaire population.

This is according to a New World Wealth report, which pegs the total number of dollar millionaires in the world at 13 million, with approximately 495,000 of that number classified as multi-millionaires.

Millionaires are individuals with net assets of US$1 million or more, while multi-millionaires are individuals with assets of at least US$10 million.

Over the past 10 years, the number of multi-millioniares has increased by 71%, the group noted, while millionaire numbers increased by 58% over the same period.

The USA is the top ranked country for both classifications of millionaires, with the nation housing 37% of the world’s multi-millionaires and about 33% of the world’s millionaires.

Top millionaire and multi-millionaire countries

Rank Millionaires # Multi-Millionaires #
1 USA 4,105,000 USA 183,500
2 Japan 1,255,400 China 26,600
3 UK 840,000 Germany 25,400
4 Germany 821,900 UK 21,700
5 China 608,500 Japan 21,000

However, it’s Hong Kong which takes the city crown for the most multi-millionaires, hosting 15,400 multi-millionaires within its boundaries.

London ranks as the top city for millionaires, with 376,600 millionaires living there.

Top millionaire and multi-millionaire cities

Rank Millionaires # Multi-millionaires #
1 London 376,600 Hong Kong 15,400
2 New York 319,700 New York 14,300
3 Tokyo 265,800 London 9,700
4 Singapore 223,800 Moscow 7,600
5 Hong Kong 211,700 Los Angeles 7,400

Geneva remains the most millionaire-dense city in the world, with a millionaire density of 7.8%, or one in every 13 people.

More on global millionaires

Where are the world’s millionaires going?

Cities with the most millionaires

The richest city in South Africa

Mapping the world’s billionaires

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Top countries for multi-millionaires