Millionaires by Country 2024 (2024)

FAQs

How many millionaires are in the world in 2024? ›

There are 47 million millionaires globally. It may not surprise you that the majority of the world's millionaires are residing in the USA. They make up less than 10% of the world's population.

United States. The U.S. is home to the most millionaires of any country by a large margin. In fact, nearly 9% of U.S. adults are millionaires today. This makes sense, as the United States has the world's largest domestic economy.

The U.S. is now home to 37% of the world's millionaires, up from 35% in 2018. The divergence grows even more at the top of the wealth ladder. The U.S. has 9,850 centi-millionaires — those worth $100 million or more — compared with China's 2,352. The U.S. has about 788 billionaires to China's 305.

Share of U.S. families who are millionaires 2016, by ethnicity. In 2016, around 15.2 percent of all White families in the United States had a net worth of one million U.S. dollars or more. This compares to only 1.9 percent of Black families.

Millionaires comprise about 8.8% of the American population. The average net worth of a millionaire in the U.S. is $2.2 million, according to Charles Schwab's 2022 Modern Wealth Survey.

New York still leads the U.S. and the world when it comes to wealthy cities. With nearly 350,000 millionaires and 60 billionaires, the Big Apple is the richest city in America, according to the USA Wealth Report from Henley & Partners and New World Wealth.

As of now, the United States leads the list with 97 female billionaires. Known for its dynamic business environment and diverse industries, the USA offers ample opportunities for women entrepreneurs.

How many people in the US make $1000000 or more? ›

As individuals, 22 million Americans are millionaires or better, which is about 8% of the adult population or 6.4% of the total population.

01: New York City

Its millionaire population grew 48% in 2023 compared with 2013. We may earn a commission from links on this page.

In the U.S., it may take you $5.81 million to be in the top 1%, but it takes a minimum net worth of $30 million to be considered among the ultra-high net worth crowd. As of the end of 2023, this ultra-high net worth population is on the rise, reaching 626,000 globally, up from just over 600,000 a year earlier.

You now need a net worth of at least $5.8 million in order to be part of that small but elite group, according to the upcoming 2024 wealth report from Knight Frank. That is a notable 12% increase from the $5.1 million needed just one year ago.

Bernard Arnault, CEO and chairman of luxury goods group LVMH, moved back into the No. 1 richest spot on January 31, 2024, overtaking Elon Musk—and Arnault held onto that rank throughout February and March.

Roughly three out of 100 people in the U.S. are millionaires, but your chances of becoming a millionaire depend very much on your age, your race, and your education.

There are about 336 million people in the U.S. With 24.5 million of them being millionaires, the odds that someone in the U.S. will end up a millionaire come in at around 7.29%.