The top 10 countries with the most ultra-wealthy people, ranked
10. Switzerland's rich took a hit from the late capital-market slump.
9. Italy saw an increase in both its ultra-wealthy population and their collective wealth since 2017.
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.
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.
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.
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 and fashion business, Hugh Carnegy reported for Financial Times.
5. Canada saw a decline in both its ultra-wealthy population and its collective wealth.
Number of ultra-high-net-worth individuals: 10,395 (down 4.1%)
Total wealth: $1.05 trillion (down 8.8%)
Canada's wealthy are getting richer faster than the rest of the population, according to CBC.
4. Germany witnessed an increase in its ultra-wealthy population and their collective wealth.
Number of ultra-high-net-worth individuals: 15,685 (up 4%)
Total wealth: $1.85 trillion (up 1.7%)
Germany's economic prospects fell significantly during the second half of 2018.
3. Japan saw modest falls in its ultra-wealthy population and collective net worth compared to last year.
Number of ultra-high-net-worth individuals: 17,855 (down 0.3%)
Total wealth: $1.67 trillion (down 0.8%)
While wealth in Japan was affected by a weaker demand in China and downturn in the global consumer electronics cycle, strengthening of the yen against the dollar helped balance it out.
2. China saw a rise in the number of ultra-wealthy residents since 2017, but a drop in collective wealth.
Number of ultra-high-net-worth individuals: 24,965 (up 1.3%)
Total wealth: $3.76 trillion (down 1.3%)
A stock-market slump and downward currency pressure against the dollar brought wealth portfolios down.
1. The United States accounts for 31% of the global ultra wealthy population.
Number of ultra-high-net-worth individuals: 81,340 (up 2.2%)
Total wealth: $9.84 billion (down 0.1%)
The total net worth of the ultra wealthy in the US exceeds the combined wealth of the five preceding highest-ranked countries.
Popular Right Now
Popular Keywords
Advertisement