Friday, November 25, 2016
United States and Japan Lead Global Millionaire Clubs
Which countries expanded their millionaire clubs the most over the past year? According to a new report from Credit Suisse, the United States is still at the very top of the global league of millionaires by a massive distance. However, when it comes to the growth of millionaire populations across different countries, Japan is firmly in the lead. Japan is currently home to 2.8 million dollar millionaires (9 percent of the global total), 738,000 more than in 2015, according to Credit Suisse. The United States’ population of millionaires grew at a slower pace than Japan’s, increasing by 283,000 to 13.55 million over the past 12 months. Germany (+44,000), Taiwan (+27,000) and Italy (+11,000) also saw their millionaire communities expand over the course of the past year.
Many countries saw their millionaire clubs shrink with the United Kingdom losing the most individuals of any country worldwide. Since 2015, the United Kingdom’s population of millionaires fell by 406,000, a massive deterioration compared to Switzerland (-58,000), the second-highest nation for losses. China also saw its population of millionaires fall from 1.63 million in 2015 to 1.59 million in 2016.