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How The Global Millionaire Club Is Changing (Courtesy: latitudes-flickr/Flickr)
This infographic chart shows the number of millionaires by country and change from 2015 to 2016.
Which countries expanded their millionaire clubs the most over the past year?
According to a new report from Credit Suisse, the United States is still at the very top of the global league of millionaires by a massive amount. However, when it comes to the growth of millionaire populations across different countries, Japan is firmly in the lead.
Japan is currently home to 2.8 million dollar millionaires (9 percent of the global total), 738,000 more than in 2015, according to Credit Suisse. The United States' population of millionaires grew at a slower pace than Japan's, increasing by 283,000 to 13.55 million over the past 12 months. Germany (+44,000), Taiwan (+27,000) and Italy (+11,000) also saw their millionaire communities expand over the course of the past year.
Many countries saw their millionaire clubs shrink with the United Kingdom losing the most individuals of any country worldwide.
The United Kingdom lost the most millionaires over the past 12 months with its total falling by 406,000, a massive deterioration compared to Switzerland (-58,000), the second-highest nation for losses. China also saw its population of millionaires fall from 1.63 million in 2015 to 1.59 million in 2016.