15. The Netherlands
Population: 16.7 million
Percentage of millionaire households: 2.1%

14. Ireland
Population: 4.8 million
Percentage of millionaire households: 2.2%

13. Oman
Population: 2.8 million
Percentage of millionaire households: 2.5%

12. Belgium
Population: 10.4 million
Percentage of millionaire households: 2.9%

11. Japan
Population: 125.2 million
Percentage of millionaire households: 2.9%


10 through 1 after the jump

10. Bahrain
Population: 1.3 million
Percentage of millionaire households: 3.2%

9. Taiwan
Population: 23.2 million
Percentage of millionaire households: 3.2%

8. Israel
Population: 7.8 million
Percentage of millionaire households: 3.6%

7. U.S.
Population: 322.4 million
Percentage of millionaire households: 4.3%

6. United Arab Emirates
Population: 322.4 million
Percentage of millionaire households: 5.0%

5. Hong Kong
Population: 7.2 million
Percentage of millionaire households: 8.8%

4. Switzerland
Population: 7.7 million
Percentage of millionaire households: 9.5%

3. Kuwait
Population: 3.6 million
Percentage of millionaire households: 11.8%

2. Qatar
Population: 1.9 million
Percentage of millionaire households: 14.3%

1. Singapore
Population: 4.8 million
Percentage of millionaire households: 17.1%

Source: Bloomberg

Category: Wages & Income

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

17 Responses to “Where the World’s Millionaires Live”

  1. super_trooper says:

    Where are Monaco, Luxemburg and Lichtenstein?

  2. peachin says:

    So… the best places to live, regardless of wealth…. Indonesia, Africa, Central and South America, Canada, Australia, New Zealand….No? How about Mississippi? I purposely left off China and Russia – too easy to suddenly disappear…. Of Course there is always Brooklyn!… Ya.. Brooklyn! – I love Brooklyn!

  3. MikeG says:

    I would think Monaco would be at the top of a complete list.

  4. philipat says:

    It’s mostlybecause of property values. Many of these supposedly Millionaire households would only live a Millionaire lifestyle if they either:

    1. Sell the property and move to a lower-cost country.
    2. Rent the property out and live in a lower-cost rented property.

  5. philipat says:

    PS. That’s not to say that over time strategic property investments have not been a better investment than finacial investments (With the US as a notable exception where everything except centrally-planned Treasuries has gone nowhere for 12 years in the present Secular Bear cycle). That is likely to remain the case, especially given the broken markets we now have to operate in (HFT, Dark Pools, Expert Networks, conflicted Dealers, non-operational Regulators etc). The financial markets appear to have become a circle jerk between the TBTF’s with the “Small” investor largely absent.

  6. ellen1910 says:

    What is a “millionaire” household?

    A household whose members own net financial assets of over $1,000,000. Generally, the value of tangible personalty and of realty is not included.

    I suspect Boston Consulting Group, the organization that came up with the list, defined the term — a shame bloomberg.com’s David de Jong didn’t see fit to pass it along.

  7. theexpertisin says:

    Most millionaires are too crafty to end up as a measurable statistic on this type of list.

  8. flipper says:

    UAE population is roughly 9 million.

  9. ConscienceofaConservative says:

    It’s weird how little a million dollars is.
    That amount of money might only generated $20,000 in annual tax free income and can’t buy a decent size one bedroom Condo in Manhattan where many exceed the mansion tax. We nee to redefine “rich”

  10. investorinpa says:

    Oddly enough, I don’t see Russia from my home on this list. If I am not mistaken, Russia is number 2 on the list for number of billionaires in the world from what I read in Forbes earlier this year. Moscow has more billionaires living there than any other city in the world. Can someone clarify why they could have the most billionaires but not millionaires?


  11. mathman says:


    Invasion of the migrant squatters: Eviction orders for London mansions DOUBLE as economic crisis drives influx from overseas

    “Squatting cases in London’s most affluent neighbourhoods have doubled in a year thanks to an influx of migrants fleeing economic problems in their home countries, figures suggest.
    Applications for court orders to evict the intruders has doubled in the capital’s most affluent districts – such as Belgravia, Knightsbridge and Notting Hill – in a year.
    The surge in the number of squatters has been blamed on poor European migrants, but experts also say the flood of foreign billionaires seeking homes in London are also responsible. “

  12. Jim67545 says:

    Saw the term “middle class millionaires” somewhere. A million aint what it used to be.

  13. Bob A says:

    this list seems to be by percentage of millionaires but not total number of millionaires


    Africa showed the biggest increase in millionaires by region with growth of 11.1 percent, while India entered the top 12 country rankings for the first time, with 153,000. The number of millionaires in China grew by 12 percent to 534,500. China ranked fourth in the number of millionaires, trailing the United States, Japan and Germany.

  14. rd says:


    The Russians set it up so that a handful of people can get fabulously wealthy. however, it is another failure of supply-side or trickle down economics as the rest of the folks are generally poor. The middle-class is largely missing.

    We are attempting to emulate this here.

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  16. thyrsus says:

    The population figure for the United Arab Emirates is a copy of the figure for the U.S. I don’t know where these population figures come from , but the CIA World Fact book shows an estimate of 5.3Million for the UAE in July 2012.