Countries vary in wealth depending on numerous factors. Much of it has to do with their geo-political climate and openness to entrepreneurship. Of course, even countries with the wealthiest people don’t always have the richest citizens. The riches may be spread among only a few individuals. Wealthy people like living in areas where they feel safe, connected, and free. Here is a list of the ten countries with the most wealthy people
10. Switzerland: Per Capita $40,000
It should come as no surprise that Switzerland made this list. The country is one of Europe’s most significant financial centers. Because Switzerland is a neutral country, many of the world’s wealthiest deposit their money there. This has significantly helped the Swiss economy. And, this started to take precedence after World War II, most especially. In addition, the headquarters of Nestle, Rolex, Logitech, and Credit Suisse, are all located in Switzerland. Its per capita income is over $40,000.
9. Norway: Per Capita $51,000
Norway is not part of the European Union. For this reason, it is free to make the most of its resources, and it has plenty to use. It is a highly developed country rich in oil and natural gas. In fact, it exports more oil than most other countries except for Russia and Saudi Arabia. The average salary is over $51,000.
8. Singapore: Per Capita $61,000
Singapore is considered one of the most business-friendly countries in the world, and certainly throughout Asia. It is called one of the “Four Asian Tigers,” that includes Taiwan, South Korea, and Hong Kong. Singapore has 63 islands that total only 270 square miles. Its port is also the busiest in the world. You will find some of the world’s most important business tycoons living and working in Singapore. Singapore has an average per capita income over $61,000.
7. Luxembourg: Per Capita $80,000
Luxembourg is only 50 miles long and 30 miles wide. It is one of the world’s smallest countries with a population under 500,000. It’s a wonder it made this list. The reason is, despite its size, it has over 250 banks. This is the largest conglomerate of banks in the European Union, and in the world. The residents are tri-lingual, they speak French, German, and English too. They have a per capita income of $80,000. This is the place for rich and powerful financiers.
6. Japan: Per Capita $35,000
Japan is the world’s third largest economy, even though it really isn’t that large of an island. Japan is also one of the most technologically advanced and innovative countries in the world. Space is an issue in Japan, and they make use of it through creative skyscrapers and living areas. It also has the highest concentration of millionaires in the world.
5. China: Home to 100 Billionaires!
China is definitely the country to watch. With an expanding middle and wealthy class, they have been surpassing many large economies over the past 30 years. Currently, China has over 100 billionaires and it is estimated to grow. Part of it is their sheer population numbers. It is estimated that they will become the world’s second largest wealth market by 2020. The only drawback to China is, because of their one child rule, much of their population is aging. however, they still have more than enough wealth to be a dominant world power.
4. United Arab Emirates: $45,000
If you want a wealthy oil baron, then the United Arab Emirates is the place for you. This country has quickly become a playground for the rich and famous. Its economy is one of the world’s most developed. It is home to the world’s tallest building, the Burj Khalifa. The UAE’s per capita income is over $45,000, and the oil just keeps flowing. They have so much oil and natural gas, they don’t know what to do with it.
3. Kuwait: Per Capita $48,000
Kuwait is another oil and natural gas rich country. It is situated near the Persian Gulf, and surrounded by Saudi Arabia and Iraq. It contains 10 percent of the world’s proven oil reserves, which is where it makes most of its money. In addition, Kuwait citizens do not pay taxes, so they get to keep their income for themselves. Kuwait’s per capita income is over $48,000, but they also have a growing class of oil billionaires. The government makes most of its money from exporting oil.
2. Qatar: Per Capita $106,000
Qatar is one of the world’s fastest growing economies. Once a British colony, it gained its independence in 1971. Prior to 1940, it was a poor Islamic country. However, in 1940, rich reserves of oil were found. Since then, the money has been flowing like honey. There is also no income tax in Qatar, it is one of the least taxed countries in the world. Qatar’s per capita income is over $106,000. For this reason, many of the world’s wealthiest people live in Qatar.
1. United States: Has 422 Billionaires!
While the United States has had a declining economy, it is still home to the largest number of wealthy in the world. Currently, the USA has 422 billionaires. That is four times more than any other country in the world. Most of them can be found in Manhattan, with San Francisco, and Washington D.C. trailing shortly behind. While a number of Americans are giving up their citizenship because of higher tax rates, there are still enough wealthy that make the United States the number one place to live for the wealthiest in the world. How long the U.S. stays at number one, remains to be seen.
- Ad Free Browsing
- Over 10,000 Videos!
- All in 1 Access
- Join For Free!