The 18 countries with the most millionaires

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.

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Countries with the most millionaires
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Countries with the most millionaires

18. Austria

Number of millionaires: 217,000

Adult population: 6.84 million

Median wealth per adult: $52,519

17. Denmark

Number of millionaires: 240,000

Adult population: 4.24 million

Median wealth per adult: $52,279

16. Sweden

Number of millionaires: 285,000

Adult population: 7.41 million

Median wealth per adult: $39,692

15. The Netherlands

Number of millionaires: 287,000

Adult population: 13.08 million

Median wealth per adult: $81,118

14. Belgium

Number of millionaires: 307,000

Adult population: 8.47 million

Median wealth per adult: $154,815

13. Taiwan

Number of millionaires: 356,000

Adult population: 18.51 million

Median wealth per adult: $63,134

12. Spain

Number of millionaires: 386,000

Adult population: 37.79 million

Median wealth per adult: $56,500

11. South Korea

Number of millionaires: 679,000

Adult population: 39.26 million

Median wealth per adult: $64,636

10. Switzerland

Number of millionaires: 716,000

Adult population: 6.19 million

Median wealth per adult: $244,002

9. Australia

Number of millionaires: 1,060,000

Adult population: 17.12 million

Median wealth per adult: $162,815

8. Canada

Number of millionaires: 1,117,000

Adult population: 28 million

Median wealth per adult: $96,664

7. Italy

Number of millionaires: 1,132,000

Adult population: 49.3 million

Median wealth per adult: $104,105

6. China

Number of millionaires: 1,590,000

Adult population: 1.023 billion

Median wealth per adult: $4,885

5. France

Number of millionaires: 1,617,000

Adult population: 48.66 million

Median wealth per adult: $99,923

4. Germany

Number of millionaires: 1,637,000

Adult population: 67.07 million

Median wealth per adult: $42,833

3. United Kingdom

Number of millionaires: 2,225,000

Adult population: 48.99 million

Median wealth per adult: $107,865

2. Japan

Number of millionaires: 2,826,000

Adult population: 104.22 million

Median wealth per adult: $120,493

1. United States

Number of millionaires: 13,554,000

Adult population: 245.97 million

Median wealth per adult: $44,97 

Photo credit: Getty 

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