42 Best Millionaire Statistics, Facts and Resources for 2019
42 Best Millionaire Statistics, Facts and Resources for 2019
Millionaire Foundry
Here’s the new and latest 2019 millionaire statistics and facts on how many millionaires there are and their behaviors, all backed by credible sources.
There’s so much information that’s broadcast on millionaires, but much of it is inaccurate or poorly researched.
If you’re really interested in the best and most recent available data, it’s all right here. We’ve searched to find the best so that you don’t have to!
Below you’ll find statistics specifically on how many millionaires there are in the United States and the world, including the global cities with the highest population of millionaires.
There’s also a summary of millionaire behaviors, supported by research, that reflect what they think, how they act, and what they believe.
The statistical data and the behavioral facts help provide a composite picture of where millionaires are and how they behave. Whether you’re a journalist, aspiring millionaire, or simply interested in learning about millionaires, the information below is sure to be useful.
How Many Millionaires Are There?
There are several methodologies used to determine an answer to this simple question, resulting in many different answers. Be sure to understand how the calculations were made so that it’s consistent with how you want to use the data. After much of our own research, below are the sources and statistics that we believe are the best.
Credit Suisse’s latest global wealth report shows there are 42.2 million millionaires (measured in USD) worldwide, up 2.3 million over the last 12 months.
Of those, 41% or 17.3 million individuals are in the United States
This means that 7% of the U.S. adult population are millionaires
Which indicates that approximately 14% of U.S. households are in the millionaire club
With a median wealth of $63,100 for an adult across the globe, $1,000,000 represents 1585% of the median
The annual increase in global wealth per adult was 3.2%
After the U.S., the next highest 5 countries for millionaires are China 8%, Japan 7%, United Kingdom 6%, Germany 5%, and France 5%.
The top six countries represent 72% of the world’s millionaires
If you’re a millionaire, you are in the top 0.6% of wealth for the world’s population
The nine cities with the most millionaires, in decreasing order are Tokyo, New York City, London, Paris, Frankfurt, Beijing, Osaka, Hong Kong, and Shanghai
There is often debate on how to calculate how many millionaires there truly are. Some researches use household wealth to identify millionaires, which can be misleading.
For example, in the U.S. there are 2.58 people per household on average, which calculates to average wealth per person of $388,000 if the household had exactly $1,000,000. Therefore, research based on households will typically overstate the number of individual millionaires.
Another difference that can be misleading is that some researchers consider the equity an individual has in their home as part of their wealth, while other researches only count those with liquid investable assets of at least $1,000,000.
Those that use liquid asset methodology may undercount individuals worth at least $1,000,000 especially in regions where housing is expensive. Neither methodology is superior, but it’s important to know what’s underneath the numbers so that you can cite the right statistics for your application.
Current projections are that 1,700 new U.S. millionaires are made every day
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