The chart below shows the amount of wealth one needs to have to join the top 1% in a number of countries and territories, based on data from real estate brokerage Knight Frank's 2024 Wealth Report...
The past decade has seen a dramatic increase in the number of USD millionaires globally. By 2022, USD millionaires will account for 1.1% of the world’s adult population, up from 0.6% in 2012.
The chart below shows the amount of wealth one needs to have to join the top 1% in a number of countries and territories, based on data from real estate brokerage Knight Frank's 2024 Wealth Report.
Accordingly, European countries dominate the leading positions with small population countries such as Monaco or Luxembourg.
Monaco tops the list this year with a minimum wealth of $12.9 million for its top 1%, according to the report. It is one of the smallest countries in the world with a population of about 36,000. More than 30% of Monaco's population are millionaires. Monaco is followed by Luxembourg with $10.8 million and Switzerland with $8.5 million. The United States is fourth with a minimum wealth of $5.8 million for its top 1%.
In Asia-Pacific, Singapore leads with $5.2 million, followed by Hong Kong with $3.1 million. Notably, the amount of wealth needed to join the top 1% in Hong Kong is three times higher than in mainland China.
