National Geographic : 2008 Nov
GEOGRAPHY NORTH AMERICA 3,300,000 millionaires 3 rt 3 1 i U"n |ar o 2 Is 1 in it - United States 3,028,000 - Canada - Germany 826,000 - United Kingdom ASIA 2.606 .000 "-n ", II1iUilll - D E-A II4l t MIDDLE EAST 400,000 I1 - I Alil l II o//= II -- a if*111 LATIN AMERICA 400,000 IIE |ll Li. nn _n_,, .... ......... n_ n..^.nn o.. .o_ - t OCEANIA 194,000 AFRICA 100,000 *CHINAFIGURESINCLUDEHONGKONG (95,000)AND TAIWAN(71,000) a I - France I -Italy AI - Switzerland l -- Spain - S Russia 136,000 1 1 -- Netherlands -i - Norway - Sweden S - LDenmark - Other - Japan 1,510,000 - China* 581,000 - India 123,000 - South Korea - Singapore - Other _ Saudi Arabia _ United Arab Emirates - Other - Brazil 143,000 - Other - Australia - New Zealand - South Africa - Other Millionaires' Club The ranks of millionaires, now more than ten million strong, are swelling one BRIC at a time. That's because Brazil, Russia, India, and China-the emerging economies known as the BRICs-are enjoying some of the highest rates of growth in millionaires. According to an annual report on world wealth, the population of those with a million U.S. dollars in assets, not including home value, rose most last year in stock-strong India (up 23%), manufacturing giant China (20%), and ethanol exporting Brazil (19%), with gas- and oil-rich Russia (14%) surging too. They're joining the usual suspects: the U.S. (the most millionaires total), Switzerland (most per capita), North America (per continent). But whether you're from a BRIC or an Old Money nation, a million bucks isn't what it used to be. Thanks to global inflation, it's now worth a mere $455,000 in 1983 dollars. So has being a millionaire lost its cachet? That's rich. "The word is fixed in the popular imagination," says sociologist Leonard Beeghley. "It's still what people aspire to. Perception hasn't caught up with economic reality." -Jeremy Berlin SHOW ME THE MONEY In 2007 the world's 10.1 million millionaires were worth $40.7 trillion. These are the nations with the most millionaires per capita: 1 Switzerland (2.7% of population) 2 United Arab Emirates (1.8%) 3 Singapore (1.7%) 4 Norway (1.3%) 5 Japan (1.2%) 6 U.S. and Germany (1%) GRAPHIC:OLIVERUBERTI,NG STAFF;ZACH FERRIOLA-BRUCKENSTEIN SOURCE:CAPGEMINI/MERRILLLYNCH,WORLDWEALTHREPORT,2008 IW hF~ .~.