These countries were then compared to countries with the highest numbers of households with more than $100 million in AuM, as well as each country’s GDP. The probable causes for individual financial success were also considered, including tax laws, industry and economic conditions.
While China and the United States both have among the greatest number of millionaire households, they have among the highest rates of income inequality, according to the United Nations. Millionaire households, or households with $1 million or more in total AuM (assets under management), represented just 0.9% of all households in 2010. These households own 39% of the total wealth, however. This is an increase from 37% in 2009. As wealth increases, the amount that is owned by millionaires increases dramatically.
10. Hong Kong
> Millionaire Households: 200,000
> Ultra High Net Worth Households: 223
9. France
> Millionaire Households: 210,000
> Ultra High Net Worth Households: 377
8. Italy
> Millionaire Households: 270,000
> Ultra High Net Worth Households: 494
7. Taiwan
> Millionaire Households: 280,000
> Ultra High Net Worth Households: N/A
6. Switzerland
> Millionaire Households: 330,000
> Ultra High Net Worth Households: 352
5. Germany
> Millionaire Households: 400,000
> Ultra High Net Worth Households: 839
4. United Kingdom
> Millionaire Households: 570,000
> Ultra High Net Worth Households: 738
3. China
> Millionaire Households: 1,110,000
> Ultra High Net Worth Households: 393
2. Japan
> Millionaire Households: 1,530,000
> Ultra High Net Worth Households: N/A
1. United States
> Millionaire Households: 5,220,000
> Ultra High Net Worth Households: 2,692
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