The country with the highest percentage of millionaire households is Singapore, with more than 15% of its households having disposable private wealth of more than $1 million US Dollars (USD). Property was not taken into consideration, so it is estimated that Singapore’s millionaire rate could be even higher, because the city-state has one of the most expensive housing markets in the world. It is thought that millionaires might choose to live in Singapore because it is one of the largest offshore banking centers in the world, thanks to its low taxrates. The US has the most millionaire households at more than 5 million.
More about millionaires:
- There were an estimated 12.6 million millionaire households in the world as of 2011.
- In 2012, the US had the highest rate of new millionaires, with 1.7 million of the year’s 1.8 million new millionaires being from the US.
- Millionaires controlled 41% of the world’s wealth in 2012, an estimated $98.7 trillion USD, even though they only made up 1% of the world’s population.