Ten countries account for 72% of the world’s ultra-wealthy population , according to Wealth-X’s 2019 World Ultra Wealth Report .
The report defines the world’s ultra-wealthy population as those with $30 million or more in net worth .
The US dominates, with a hefty share of 31% of all people in that income bracket.
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The rich are everywhere. But you can find nearly three-quarters of them across just 10 countries.
Seventy-two percent of the global ultra-wealthy population (265,490 individuals) was spread across 10 countries in 2018, according to Wealth-X’s 2019 World Ultra Wealth Report . The report analyzed data from Wealth-X’s global database of more than one million records of the world’s richest people.
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It defines the world’s ultra-wealthy population as those with $30 million or more in net worth. While the top 10 countries added a net 1,365 ultra-wealthy individuals since 2017, the combined net worth of all on the list declined by $362 billion (1.5%). However, these changes are close to the global average.
Take a look at which countries worldwide have the biggest ultra-wealthy populations, ranked in ascending order. Note that Hong Kong ranked in both Wealth-X’s top countries and top cities lists, as it’s a semi-autonomous, special administrative region of China. 10. Switzerland’s rich took a hit from the late capital-market slump.
Ascona, Switzerland. elitravo/Shutterstock Number of ultra-high-net-worth individuals: 6,145 (down 4%)
Total wealth: $808 billion (down 7.8%)
Switzerland attracts businesses because of its technological innovation and favorable tax rates, according to The Culture Trip . 9. Italy saw an increase in both its ultra-wealthy population and their collective wealth since 2017.
Shutterstock / Sergey Novikov Number of ultra-high-net-worth individuals: 6,270 (up 5.1%) Total wealth: $708 billion (up 2.2%)In addition to housing nearly 50 billionaires , Italy is home to many destinations frequented by the super rich , including the Amalfi coast, Portofino, Positano, Capri, Cinque Terre, Milan, and Venice. 8. Hong Kong has a significantly higher density of ultra-wealthy individuals than all other countries on this list, though the number of the rich and their collective worth did see a decline. Luciano Mortula – LGM/Shutterstock Number of ultra-high-net-worth individuals: 8,950 (down 10.6%) Total wealth: $1.18 trillion (down 9%) Hong Kong benefits from its status as a global financial center, its proximity and trading links to China, and its close ties with Europe and the US. 7. The United Kingdom experienced a rise in its ultra-wealthy population. Yolanta/Shutterstock Number of ultra-high-net-worth individuals: 9,575 (up 2.2%) Total wealth: $1.01 trillion (down 2.4%)A resilient stock market and new opportunities for wealth creation factored into the UK’s increase in ultra-wealthy individuals . 6. France saw a moderate fall in total net worth compared to the previous year. neirfy/iStock Number of ultra-high-net-worth individuals: 10,145 (up 0.1%) Total wealth: $1.05 trillion (down 3%)Many French billionaires, like LVMH founder and CEO Bernard Arnault, are wealthy from success in the global luxury […]