The U.S. may have the largest number of millionaires, but tiny Singapore rules the world when it comes to the highest concentration.
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According to Boston Consulting Group’s latest Global Wealth report, an astounding one in 10 households in Singapore have investible assets of $1 million or more. That compares with 4.3% in the U.S., which ranks sixth.
According to Boston Consulting Group’s latest Global Wealth report, an astounding one in 10 households in Singapore have investible assets of $1 million or more. That compares with 4.3% in the U.S., which ranks sixth.
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Singapore, of course, is very small–it has about a million households. And its 112,000 millionaires are dwarfed by the 4,884,000 millionaires in the U.S., according to Boston Consulting’s calculations.
Singapore, of course, is very small–it has about a million households. And its 112,000 millionaires are dwarfed by the 4,884,000 millionaires in the U.S., according to Boston Consulting’s calculations.
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Of course, wealth surveys, by nature, are imprecise, given the small sample sizes, the agendas of the surveyors and the difficulty of polling the rich. Still, they can offer insights into broader trends and directional changes with the wealthy.
Of course, wealth surveys, by nature, are imprecise, given the small sample sizes, the agendas of the surveyors and the difficulty of polling the rich. Still, they can offer insights into broader trends and directional changes with the wealthy.
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If you want to know where to go to have the highest chance of bumping into a millionaire, here are the top five:
If you want to know where to go to have the highest chance of bumping into a millionaire, here are the top five:
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1 — Singapore — 10.6%
2 — Qatar — 7.9%
3 — Switzerland — 7.3%
4 — United Arab Emirates — 6.6%
5 — Kuwait — 5.3%
.1 — Singapore — 10.6%
2 — Qatar — 7.9%
3 — Switzerland — 7.3%
4 — United Arab Emirates — 6.6%
5 — Kuwait — 5.3%
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Interestingly, the chances of running into a millionaire are almost twice as high in the U.S. than in Saudi Arabia, which has a millionaire density of 2.2%.
Interestingly, the chances of running into a millionaire are almost twice as high in the U.S. than in Saudi Arabia, which has a millionaire density of 2.2%.
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As for cities with the largest number of millionaires, the report found that nine of the top 15 are in the U.S., with New York topping the list, followed by London, Tokyo, Los Angeles and Chicago.
As for cities with the largest number of millionaires, the report found that nine of the top 15 are in the U.S., with New York topping the list, followed by London, Tokyo, Los Angeles and Chicago.
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Sumber: The World Street Journal
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