Credit Suisse’s global wealth report for 2019 showed that there are nearly 46.8 million people around the world with a fortune of $1 million up 1.1 million from a year before.
As for any country, the number of millionaires depends on three fundamental factors: The size of the adult population, and the average inequality of wealth and wealth they have to achieve high results in these categories in order to get a high rank in this report each year.
In the first place, the United States emerged with the largest millionaire population in the world, accounting for 40% of this total with an estimated 18.61 million people, where the world's most powerful economy naturally has such a number of millionaires.
It is also natural for China to come in second place, with 4.45 million people with a wealth exceeding $1 million. That meant 158,000 millionaires were added to the list from a year earlier.
Notably, the number of Chinese wealthy people has now surpassed the number of wealthy Americans for the first time. It has been found that there are now 100 million Chinese among the richest 10% in the world, compared to 99 million Americans.
With 3.03 million and 187,000 soar from 2018, Japan appeared in the
third place, while the United Kingdom came in the fourth spot to maintain its
position from the previous year despite a 27,000 drop in the number of millionaires
due to the Brexit crisis.