15. The Netherlands (Total population 16.7 million; 2.1% millionaire households)
14. Ireland (4.8 million; 2.2%)
13. Oman (2.8 million; 2.5%)
12. Belgium (10.4 million; 2.9%)
11. Japan (125.2 million; 2.9%)
10. Bahrain (1.3 million; 3.2%)
9. Taiwan (23.2 million; 3.2%)
8. Israel (7.8 million; 3.6%)
7. United States (322.4 million; 4.3%)
6. United Arab Emirates (8.3 million; 5.0%)
5. Hong Kong (7.2 million; 8.8%)
4. Switzerland (7.7 million; 9.5%)
3. Kuwait (3.6 million; 11.8%)
2. Qatar (1.9 million; 14.3%)
1. Singapore (4.8 million; 17.1%)
I do have to say, though, I'm not totally sure what to do with this list--there's a lot going on here, and it's tricky to unpack it all. Some of these countries are millionaire-heavy because they have an industry (like, say, oil) that tends to create a lot of them. In others (like Switzerland and possibly Singapore), the explanation seems to have more to do with political considerations that would make those nations more millionaire-friendly--that is, those countries don't create millionaires, they just harbor them after they've already been created elsewhere.
So if I'm a millionaire, should I be going to where there are a lot of me already, or where I'd be a relatively scarce commodity? Seems like my money would go a lot farther in a country where I was the only millionaire in town, right? But I also wouldn't want to become a target. See you in the Netherlands?
[Barry Ritholtz]
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