The 8 Countries with the Most Millionaires

Approximately 14.6 million people were millionaires last year, though about 90% had between $1 million and $5 million in assets. These countries are home to the bulk of those millionaires.

Being a millionaire isn’t quite the status symbol it once was. After all, a million dollars had more than twice the buying power 20 years ago than it has today, according to

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a Bureau of Labor Statistics inflation calculator

Yet, a million dollars in assets will easily put someone in the wealthiest echelon of the global citizenry. Last year, 14.6 million people qualified as High Net Worth Individuals (HNWI), according to the new 2015 World Wealth Report from Capgemini and RBC Wealth Management. The report considers anyone with more than $1 million in assets to be an HNWI.

Of those, about 90% are considered “the millionaire next door,” with between $1-5 million in assets. Nine percent have between $5-30 million in assets. The top 1% is defined as anyone with more than $30 million, according to the report.

As one might expect, the wealth is not equally distributed across the globe. In fact, the 4 countries with the most millionaires account for 60% of the world’s HNWIs, and about two-thirds of the newly minted millionaires in 2014.

What follows is a list of the 8 countries with the most millionaires, along with country-level economic data from each country. The data all come from the World Wealth Report.

2014 Millionaires: 331,000

2013 Millionaires: 320,000

GDP Growth (2014): 2.5%

Equity Market Growth (2014): -0.6%

Real Estate Growth (2014): 3.5%

2014 Millionaires: 343,000

2013 Millionaires: 330,000

GDP Growth (2014): 1.9%

Equity Market Growth (2014): -2.3%

Real Estate Growth (2014): 1.8%

2014 Millionaires: 494,000

2013 Millionaires: 472,000

GDP Growth (2014): 0.4%

Equity Market Growth (2014): -11.9%

Real Estate Growth (2014): -2.3%

2014 Millionaires: 550,000

2013 Millionaires: 527,000

GDP Growth (2014): 2.6%

Equity Market Growth (2014): -8.7%

Real Estate Growth (2014): 7.3%

2014 Millionaires: 890,000

2013 Millionaires: 758,000

GDP Growth (2014): 7.4%

Equity Market Growth (2014): 4.7%

Real Estate Growth (2014): -2.9%

2014 Millionaires: 1.14 million

2013 Millionaires: 1.13 million

GDP Growth (2014): 1.6%

Equity Market Growth (2014): -12.2%

Real Estate Growth (2014): 1.3%

2014 Millionaires: 2.45 million

2013 Millionaires: 2.33 million

GDP Growth (2014): -0.1%

Equity Market Growth (2014) : -5.7%

Real Estate Growth (2014): 8.3%

2014 Millionaires: 4.35 million

2013 Millionaires: 4.0 million

GDP Growth (2014): 2.4%

Equity Market Growth (2014): -11.1%

Real Estate Growth (2014): 3.8%