That puts it firmly in second place — right behind the U.S. China recorded 2,378,000 millionaires in 2013, compared to the U.S.’ 7,135,000 millionaires, … When it comes to ethnic Chinese living outside that country, Hurun said there are 457. Millionaires in America 2020: All 50 States Ranked How many millionaires are in America and where do they live? It’s also adding to the millionaire count at a faster clip. Number of millionaires in China 2012-2019. Forbes said in an April report that mainland China was estimated to have a record 400 billionaires … “Our estimates indicate a rise of 2.2% in wealth per adult from the end of 2018 to mid-2019. The statistic shows the number of millionaires in China from 2012 to 2019. how many millionaires in china? Many national currencies have, or have had at various times, a low unit value, in many cases due to past inflation.It is obviously much easier and less significant to be a millionaire in those currencies, thus a millionaire (in the local currency) in Hong Kong or Taiwan, for example, may be merely averagely wealthy, or perhaps less wealthy than average. China's capital city of Beijing also ranks as one of the world's cities with the most billionaires. facts. (2019). China. China’s millionaires less inclined to emigrate. Are you interested in testing our corporate solutions? China has 6 of every 10 of the world’s self-made, women billionaires. I certainly didn’t. The report says: “Not only were they hit at a vulnerable age by the global financial crisis, its associated recession and the poor job prospects that followed, but they have also been disadvantaged in many countries by high house prices, low interest rates and low incomes, making it difficult for them to buy property or accumulate wealth. You only have access to basic statistics. Statista. In China, there are 4.4 million millionaires, an increase of 158,000 on 2018, according to the report, and 10% of the global total. Read more. This feature is limited to our corporate solutions. The bank’s annual wealth survey found there were 100 million Chinese people among the world’s top 10% of richest people, compared with 99 million in the US. Credit Suisse forecast global wealth – which increased by 2.6% over the past year – would rise by 27% over the next five years to $459tn by 2024. November 19, 2019. Personal savings of $109,430 (£83,630) are required to be part of the top 10% of the world’s richest people. Correction: 27% of Chinese citizens live under the poverty line of $5.50 per day, according to the World Bank, not 40% as originally stated in the video. $39 per month* Register in seconds and access exclusive features. Profit from additional features by authenticating your Admin account. Respectively, that is 3.48% and 2.79% of all households in America. Accessed February 25, 2021. https://www.statista.com/statistics/702759/china-number-of-millionaires/. In China, there are 4.4 million millionaires, an increase of 158,000 on 2018, according to the report, and 10% of the global total. Fung Business Intelligence Centre . Number of super rich people in greater China as of 2018, by city. Then you can access your favorite statistics via the star in the header. The report says the “rapid transformation of China from an emerging nation in transition to a fully fledged market economy” helped create a record number of rich people. 46, almost 47 million millionaires! How many millionaires in china China: number of millionaires 2019 Statist . South America (673K) and Africa (171K) are almost entirely missing from our map because so few people are millionaires in those places. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. The report says millennials – those born between the early 1980s and the late 90s – are the least well-off age group. Tokyo, Hong Kong, and Singapore are the undisputed millionaire population capitals in Asia, but mainland China is coming up quick from behind. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Across the world, a further 1.1 million people joined the millionaire club taking the total to 46.8 million. With 819, China is the country with the most billionaires. In the first quarter of 2015, China reportedly saw a new billionaire emerge every week After the United States, China has the most billionaires in the world, and in the last 15 years the number of billionaires has skyrocketed from just two to over 300. The report estimates 55,920 adults are worth at least $100m and 4,830 have net assets above $500m. Please contact us to get started with full access to dossiers, forecasts, studies and international data. However, both the stock market and exchange rate showed increased volatility over the summer, reflecting the heightening of Brexit worries.”. Other countries are not nearly so greedy, although the different terms on offer make the price of a visa difficult to compare. The richest man in the country is Ma Huateng with a wealth of $51.1 billion. 8. Number of millionaires in China from 2012 to 2019 [Graph]. Chart. | Yahoo Answers ... 5,000,000? Per Knight Frank's Wealth Report (2018); Rank Country/Territory Number of billionaires 1 United States 585 2 China 373 3 Germany 123 4 India 119 5 Russia 101 6 Hong Kong 64 7 United Kingdom 54 8 Canada 46 9 South Korea 44 10 Italy 43 11 France 40 12 Switzerland 36 Forbes' definitive list of wealth in China, profiling and ranking the country's richest citizens by their estimated net worths. Of the 960,000 millionaires, 60,000 have been identified as China's “super rich” with assets valued at RMB 100 million or more, up nine percent from 2010. The UK held on to fourth place in the global league table behind the US, China and Japan with 3 million millionaires – 5% of the global total. Collectively, they own $158.3tn in net assets, 44% of the global total. In, Fung Business Intelligence Centre . How many millionaires are there in the world? Meanwhile, the United States has maintained an astonishing 11-year spell of increasing wealth per adult.”. He is the founder of Tancent, a technology company that is the biggest company in Asia. So, why does China have so many billionaires? China has more than a million millionaires as economic growth, savings and a strengthening currency helped swell their ranks by 262,000 last year, according to a Boston Consulting Group survey. Directly accessible data for 170 industries from 50 countries Rounding out China’s top ten towns for high net worth individuals were Shenzhen with 50,400, Guangzhou with 45,900, Hangzhou with 343,000, Ningbo with 23,300, Foshan with 21,600, Tianjin with 20,600, Suzhou with 18,900 and Dongguan with 18,000. The states with the highest number … New Millionaires. Shanghai is home to 14.6 percent of China’s millionaires. The number of dollar millionaires in the US increased by 675,000 last year to 18.6 million. After the U.S at 40%, the next highest 5 countries for millionaires are China 10%, Japan 6%, United Kingdom 5%, Germany 5%, and France 4%. A woman shops in a Louis Vuitton store in downtown Shanghai. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Millionaires are defined as individuals with personal wealth of 10 million yuan and above, super-rich are defined as individuals with personal wealth of 100 million yuan or above. The United States still has many more millionaires — 18.6 million, or 40% of the world’s total, versus 4.4 million in China. Commenting on the UK, the authors of the report said: “The outlook is now uncertain, with future prospects depending very much on what happens in terms of Brexit. The century began with a ‘golden age’ of robust and inclusive wealth creation. According to the report, there were 1.58 million millionaires who had personal wealth of over 10 million yuan in China in. They're filling harbours with multi-million dollar yachts. While China has overtaken America at this level, the US is still ahead when it comes to the super-rich, accounting for 40% of the world’s millionaires. ", Fung Business Intelligence Centre , Number of millionaires in China from 2012 to 2019 Statista, https://www.statista.com/statistics/702759/china-number-of-millionaires/ (last visited February 25, 2021), Number of millionaires in China from 2012 to 2019, Number of HNWI worldwide by region 2010-2019, Assets of all millionaires worldwide by region up to 2019, Number of millionaires in China 2012-2019, Number of super rich individuals in China 2012-2019, Number of super rich people in greater China as of 2018, by city, Number of HNWI in China 2019, by wealth group, Distribution of super rich individuals in China as of 2018, by nature, Preferred payment methods by Chinese millionaires 2018, Preferred shopping locations among Chinese consumers of luxury goods 2019, Recent luxury goods purchases of Chinese consumers 2019, Most popular alcoholic beverages among Chinese millionaires 2020, Most popular collector's items among Chinese millionaires 2020, Preferred leisure activities among Chinese millionaires 2020, Main travel themes among Chinese HNWI 2018, Most popular international travel destinations of Chinese millionaires 2019, Most popular domestic travel destinations of Chinese millionaires 2019, Reasons for travel among millionaires 2013, Factors considered when choosing a hotel by Chinese HNWI 2018, Main travel concerns among Chinese HNWI 2018, by type, Preferred gifts for men by Chinese millionaires 2020, Preferred brands as gifts for men by Chinese millionaires 2017, Preferred gifts for women by Chinese millionaires 2020, Preferred brands as gifts for women by Chinese millionaires 2017, Major charity donators in China 2020, by donation, Chinese millionaires' leading donation purposes in 2019, Annual growth rate of millionaires in China 2012-2019, Annual growth rate of super rich individuals in China 2012-2019, Number of super rich households in Greater China as of 2018, by region, Cash-out value of leading entrepreneurs in China 2019, Number of high net worth households or individuals in China as of 2019, by category, Number of millionaires in Poland 2015-2019, Annual wealth under management in Europe in 2010, 2013 and 2018*, by client segment, Total financial assets of millionaires South Korea 2014-2018, Most popular luxury brands among millionaires in China 2012, Average monthly spending of millionaires South Korea 2019, Source of wealth for millionaires South Korea 2019, Self perception of wealth among millionaires South Korea 2019, Share of financial assets of millionaires South Korea 2015-2019, Share of real estate assets of millionaires South Korea 2015-2019, Distribution of assets of millionaires South Korea 2019, Income distribution of fourth quartile group in the EU 2015, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Wow, did you think that there were so many millionaires in the world? This means about one in 14 adults in America is a millionaire. The Brexit-led decline in the value of the pound caused the number of UK millionaires to drop by 27,000 to 2.46 million. Then you will be able to mark statistics as favourites and use personal statistics alerts.

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