How many total millionaires are in the world

See the ranked list of countries with the highest number of millionaires, coupled with the country's population and median wealth per person for reference.
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Minting a million-dollar fortune isn't the remarkable feat it used to be.

It remains a marker of immense wealth, but the club is growing ever more crowded, with nearly 47 million people across the globe now laying claim to fortunes in excess of $1 million, according to estimates by Credit Suisse in its most recent Global Wealth Databook.

The report shows that US alone claims 18.6 million adults with a net worth above $1 million — that's nearly 40% of all the world's millionaires and more than the next eight countries combined. In 2018, the US also welcomed 675,000 newcomers to the millionaire club, which accounts for more than half the global total of new millionaires. Notably, however, China, the country with the second-highest millionaire count, surpassed the US to become the country with the most people in the top 10% of global wealth distribution.

Read more: For the first time ever, there are more ultra-wealthy people in China than the US — and America's growing wealth gap may be partially to blame

The millionaire population isn't necessarily an indicator of overall wealth within a country, though. Despite having the most millionaires by a gaping margin, the report indicates that the median wealth for adults in the US is $65,904. The median wealth for adults in China is $20,942. Of the 18 countries with more than 300,000 millionaires, that's a lower median wealth figure than all but India ($3,042).

Below, Business Insider has ranked the 18 countries with the most millionaires — that's all fortunes above $1 million, including the billionaires — based on Credit Suisse's annual wealth report. We've also included the country's population and median wealth for comparison purposes. The countries are listed in ascending order of number of millionaires.

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How many total millionaires are in the world

18. Austria

17. Sweden

16. Hong Kong SAR

15. Taiwan

14. South Korea

13. India

12. Switzerland

11. The Netherlands

10. Spain

9. Australia

8. Canada

7. Italy

6. France

5. Germany

4. United Kingdom

3. Japan

2. China

1. United States

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