Minting a million-dollar fortune isn’t the remarkable feat it used to be.
It remains a marker of immense wealth, but the club is growing ever more crowded, with nearly 33 million people across the globe now laying claim to fortunes in excess of $1 million, according to estimates by Credit Suisse in its most recent Global Wealth Databook.
The US alone claims 13.6 million adults with a net worth above $1 million — that’s 41% of all the world’s millionaires and more than the next eight countries combined.
Switzerland, however, has the most millionaires per capita: Nearly 12% of the adults in the country are millionaires, or one out of every 8.6.
The millionaire population isn’t necessarily a indicator of broad wealth within a country. Despite having the most millionaires by a gaping margin, the median wealth for adults in the US is only $44,977. Of the 18 countries with more than 200,000 millionaires, that’s a lower median wealth figure than all but Germany ($42,833), Sweden ($39,692), and China ($4,885).
Below, Business Insider has ranked the 18 countries with the most millionaires — that’s all fortunes above $1 million, including the billionaires — based on Credit Suisse’s annual wealth report (you can read the full report here). We’ve also included the country’s population and median wealth for comparison purposes.
Countries with the most millionaires