Singapore has the highest proportion of millionaire households, with over 15% having disposable private wealth of over $1 million USD. The United States has the largest number of millionaire families. Millionaires control 41% of the world’s wealth, despite only accounting for 1% of the population.
The country with the highest proportion of millionaire households is Singapore, with over 15% of its households having disposable private wealth of over $1 million US dollars (USD). Property has not been considered, so it is estimated Singapore’s millionaire rate could be even higher, because the city-state has one of the most expensive property 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 tax rates. The United States has the largest number of millionaire families with over 5 million.
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There were an estimated 12.6 million millionaire households in the world as of 2011.
In 2012, the United States had the highest rate of new millionaires, with 1.7 million of the year’s 1.8 million new millionaires coming from the United States.
Millionaires controlled 41% of the world’s wealth in 2012, approximately $98.7 trillion, even though they accounted for only 1% of the world’s population.
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