9 Facts: Millionaires Galore

How many people around the world can be called a millionaire?

September 10, 2014

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1. A person has millionaire status if he or she has investable financial assets — not counting primary residence — in excess of $1 million.

2. There were 13.73 million millionaires worldwide in 2013, up from 11.97 million in 2012.

3. The cumulative financial wealth of the world’s millionaires hit a record-high in 2013 of $52.6 trillion.

4. While these people make up only 0.19% of the global population, they possess about a third of the $152 trillion of global private wealth.

5. The increase in the number of millionaires was largely a result of the 28% global increase in stock market wealth in 2013.

6. Switzerland — a nation virtually synonymous with wealth — had 330,000 millionaires in 2013, the seventh most in the world.W

7. On a per capita basis, however, Switzerland had more millionaires — about one for every 24 people — than any country in the world.

8. At 758,000, China had the fourth-highest number of millionaires.

9. The United States had the highest number of millionaires, at 4.01 million, or about one for every 80 people.

Source: Capgemini, World Wealth Report 2014, with additional analysis by The Globalist Research Center

Takeaways

About one for every 24 people in Switzerland are millionaires — more than any country in the world.

There were 13.73 million millionaires worldwide in 2013, up from 11.97 million in 2012.

The increase in the number of millionaires was largely a result of the 28% global increase in stock market wealth in 2013.