The world now has 15 million millionaires, more than the population of Rwanda. The U.S. leads with nearly 5.5 million millionaires, outnumbering Ireland's entire population. In just 10 years, U.S. millionaires have surged by 62%, holding over a third of the global millionaire total. China and Germany also have impressive numbers, with China having 860,000 millionaires and Germany just over 800,000. Surprisingly, Switzerland's millionaire count of 428,000 is more than Iceland’s population, showing just how wealthy this tiny country is compared to its size.
Imagine a world where 15 million people are millionaires. That's more than the entire population of Rwanda, a country in Africa.
In a new visual guide by Pallavi Rao from Visual Capitalist, you can see how the top 10 countries with the most millionaires compare to countries with similar populations.
The data, from Henley & Partners and the World Bank, is up-to-date for 2024. To be clear, a millionaire here means ...