The world in 2019 has 4.67 crore millionaires, according to Credit Suisse's Global Wealth Report 2019. The number of millionaires have increased by 2.5% since 2018. In 2019, 11.4 lakh millionaires were added to the club.
40% of world's millionaires reside in the United States. In 2019, the number of millionaires in the US rose by 3.8% to 1.86 crore from 1.79 crore in 2018. The United States added 6.7 lakh millionaires, more than half of the global total in 2019.
China comes second in the list with 44.47 lakh millionaires. The number of millionaires in China grew by 3.7% from 42.89 lakh in 2018. As per the report, China overtook the United States this year to become the country with most people in the top 10% of global wealth distribution.
Japan ranks third in the list with 30.25 lakh millionaires. Japan showed a rise of 6.6% in the number of its millionaires in 2019. Wealth per person was $110,410.
Fourth on the list is Germany with 21.87 lakh millionaires. Germany showed second highest rise of 8.2% in the number of millionaires. Germany added 1.65 lakh millionaires in 2019.
Canada showed the least rise in the number of millionaires in 2019 among the top 10 countries. From 12.93 lakh millionaires to 13.22 lakh millionaires in 2019, Canada made an addition of 29,000 people in its millionaire club.
Spain stood sixth on the list with 9.79 lakh millionaires. Spain added 34,000 millionaires or a rise of 3.6% in 2019.
Netherland ranked seventh with 8.32 lakh millionaires, representing a rise of 5.4% in number of millionaires in 2019
Switzerland was on the eighth position with an increase of 2.4%. It added 19,000 people in millionaire list.
India ranked ninth in the list with 7.59 lakh millionaires in 2019. There were 7.25 lakh millionaires in 2018.
Brazil ranked tenth with 2.59 lakh millionaires. Brazil showed a massive increase of 19.4% in 2019.