Number of millionaire households per country released today

[Inactive]

I wonder how long US can hold the top spot.

How come these numbers are way off from my last thread? Do they exclude property?

 

[Apollo]

This needs to be adjusted for per capita.

It looks Switzerland is going to win in that regard.

 

[daacad]

where is somalia

 

[Yonis]

Noticed some of the more socialist economies of Scandinavia are no where near the top 10.

Yet per capita Norway is richer than most of these countries in the top 10

 

[xisaabiye]

I doubt its accurate. I think China has a lot more millionaires than any country. These guys are tycoons in any major western city and cause inflation when purchasing properties etc.

 

[I've spoken]

Do you know what state in the USA?

 

[El padrone]

where is somalia

you mean the pirates? they are pirates for a reason dont think they want to declare their wealth and pay taxes

 

[TheAnswer]

I looked it up and found that the U.S has 11 million millionaires.
I was really shocked but then i figured it includes property prices--often artificially inflated---so it's not surprising.
I think the real monied class wants to inflate the number of millionaires in the country to distract from how small the real money holders are population wise

 

[El padrone]

Noticed some of the more socialist economies of Scandinavia are no where near the top 10.

Yet per capita Norway is richer than most of these countries in the top 10

Socialism is the way to go! all this millions those households accumulate and horde were created on the back of the working middle class and should be taxed heavily to distribute it back to the people and economy.
accordian to keyneysian theory this creates aggregate demand in the market which in result creates more employment, generate more revenue for the state and grows the economy in times of recession.

 

[Apollo]

I looked it up and found that the U.S has 11 million millionaires.
I was really shocked but then i figured it includes property prices--often artificially inflated---so it's not surprising.
I think the real monied class wants to inflate the number of millionaires in the country to distract from how small the real money holders are population wise

It is not surprising. Many multinationals come from the US, usually headquartered in California or New York (silicon valley and wall street).

Many third worlders also are heavily invested in the US market as they don't trust their own country's stability. US companies are slightly overvalued because of this.

 

[Deactivated]

Poor people call them millionaires. Hustlers call them "HNWI's" High Net Worth Individuals.

The US will always be the hotspot because of New York.

I get my wealth reports from Knight Frank. They also have an amazing global cities report. Africa is expected to have 8,000 new HNWI's this year

http://www.knightfrank.com/wealthreport

http://www.knightfrank.com/globalcities

Somalias HNWI's ran away with donor money.