Together, these top-3 countries account for 50% of the global millionaire population. $39 per month* We are happy to help. One billionaire who fled to the US is ringing the alarm. Origin of Wealth. China comes in second with 389 billionaires, also a record for the Asian giant. Statista assumes no liability for the information given being complete or correct. A new report released by Beijing reveals millions of people have been held in detention camps in Xinjian. Rank. Fung Business Intelligence Centre . China, with a population of nearly 1.4 billion, added 1 million new millionaires in 2014 and trails only the U.S. in terms of most U.S.-dollar millionaires, BCG said in its report released Monday. There are an estimated 1.1 billion adults in China. One by one, they go missing, or commit 'suicide.' China had the world's fastest growing group of millionaires last year, an elite club that rose 31 percent from 2008 to encompass 477,000 people. November 29, 2018 6:31 AM PST It’s official now that Jack Ma, chairman of the Chinese e-commerce giant Alibaba Group Holdings Ltd., is a member of the Communist Party. Please do not hesitate to contact me. Top Cities in Oceania According to estimates, in the middle of 2019 there were 46.8 million people worldwide whose assets exceeded one million USD, of which nearly 40% lived in the United States. Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, most are entrepreneurs and some others are real estate and stock investors, prefer to purchase luxury goods when travelling abroad. The number of millionaires — those with at least $1 million in assets — in China has risen by a multiple of more than 25. He’s also the … Statista. China Rich List. (2019). Number of millionaires in China from 2012 to 2019 [Graph]. In 2021 China had over 600 billionaires which put the country second in the world, after the United States. The area is an autonomous region of China in … (billed annually). Ultra high net worth individuals - distribution by region 2019, Countries with the most millionaires in 2019, Ranking of the 22 richest people in China as of 2019, Countries with the highest millionaire rate in 2018. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Fung Business Intelligence Centre . - China. China recorded 2,378,000 millionaires in 2013, compared to the U.S.’ 7,135,000 millionaires, according to Boston Consulting Group’s 2014 Global Wealth … The Ka-Ching Dynasty! Are you interested in testing our corporate solutions? Accessed May 08, 2021. https://www.statista.com/statistics/702759/china-number-of-millionaires/. The company also underscores the changing face of wealth in China, where tech-industry players make up an increasing proportion of the country’s millionaires -- a group that … Rounding out China’s top ten towns for high net worth individuals were Shenzhen with 50,400, Guangzhou with 45,900, Hangzhou with 343,000, Ningbo with 23,300, Foshan with 21,600, Tianjin with 20,600, … Quick Analysis with our professional Research Service: The most important key figures provide you with a compact summary of the topic of "Millionaires in China " and take you straight to the corresponding statistics. 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The total net worth of all millionaires stood at US$158,261 trillion. China is now home to more than one million millionaires, thanks to soaring private wealth in the world's second-largest economy, according to a report by Bain and Co. Show publisher information. Name. Maybe 30 to 50 million millionaires in China. Register in seconds and access exclusive features. Due to varying update cycles, statistics can display more up-to-date Case in point: Chongqing's multi-millionaire population … The People’s Bank of China released a report in April, 2020 regarding the assets of Chinese urban families. $65.6 B. China. This feature is limited to our corporate solutions. Shanghai is home to 14.6 percent of China’s millionaires. facts. Alan Crowhurst/Getty Images. Are you interested in testing our corporate solutions? Quick Analysis with our professional Research Service: Show sources information China ranks third with 1.5 million millionaires. November 19, 2019. The statistic shows the number of millionaires in China from 2012 to 2019. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Learn more about how Statista can support your business. New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. Los Angeles was the top city for Chinese millionaires to buy property, followed by New York, Boston and San Francisco. In, Fung Business Intelligence Centre . The median wealth for adults in China is $20,942. But now, they may have fallen out of favour with the CPP. Published by C. Textor , Jun 30, 2020. In China, there are 4.4 million millionaires, an increase of 158,000 on 2018, according to the report, and 10% of the global total. (November 19, 2019). #1. Directly accessible data for 170 industries from 50 countries Asian millionaires favour stocks, cash over property, study finds The chart below provides the millionaire population for 41 countries, along with their share of the world millionaires total population. From communism to capitalism, a new generation of very young, very rich people have emerged, but where did they come from? China's self-made millionaires and billionaires were a major part of the country's success story. data than referenced in the text. Millionaires are defined as individuals with personal wealth of 10 million yuan and above, super-rich are defined as individuals with personal wealth of 100 million yuan or above. Corporate solution including all features. Get in touch with us. Of the 18 countries with more than 300,000 millionaires, that's a lower median wealth figure than all but India ($3,042). This text provides general information. Millionaire households represented only about 0.1 percent of all households in China, but held nearly half of the total wealth. 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The United States is the top destination for well-off Chinese. Directly accessible data for 170 industries from 50 countries According to the report, there were 1.58 million millionaires who had personal wealth … Please create an employee account to be able to mark statistics as favorites. The world's second-biggest economy has 654,000 millionaires, placing it second on the list. "Number of Millionaires in China from 2012 to 2019. Please do not hesitate to contact me. and over 1 Mio. Countries with the most millionaires in 2019, Number of millionaires in China 2012-2019, Annual growth rate of millionaires in China 2012-2019, Preferred gifts for men by Chinese millionaires 2020, Preferred gifts for women by Chinese millionaires 2020, Most popular collector's items among Chinese millionaires 2020, Most popular international travel destinations of Chinese millionaires 2019, Most popular domestic travel destinations of Chinese millionaires 2019. Profit from additional features by authenticating your Admin account. Millionaires in China grew at a staggering rate of 23 percent between 2014 and 2016, though this is expected to slow in 2017, according to Bain Consulting and China Merchants Bank. New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. Please authenticate by going to "My account" → "Administration". Millions of millionaires: China will be a top 10 nation for uber-rich by 2020 Chinese millionaire Wang Sicong, left, laughs during the wedding of … Then you can access your favorite statistics via the star in the header. Tokyo, Hong Kong, and Singapore are the undisputed millionaire population capitals in Asia, but mainland China is coming up quick from behind. According to estimates of Credit Suisse, there were 4.4 million dollar-millionaires in China, ranking second after the United States in the world. and over 1 Mio. This is done primarily in the form of investment visas. On the flip side, a number of countries are opening the doors to the estimated 1 million Chinese millionaires … provided they bring their money with them. Age. You only have access to basic statistics. There is a growing trend among China’s richest to use their wealth to move themselves and their families abroad. Members of its three comma club are worth a combined $1.2 trillion, up 22% from $981 billion last year. Chart. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Net Worth. Then you will be able to mark statistics as favourites and use personal statistics alerts. The Website has channels as China, BizChina, World, Opinion, Sports/Olympics, Entertainment, Lifestyle, Culture, Citylife, Photo, Forum and Weather. Fung Business Intelligence Centre . This is a list of countries by the number of millionaires by net worth (USD) based on an annual assessment of wealth and assets compiled and published by the Swiss bank Credit Suisse. In the following 6 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Millionaires in China ". All important statistics are prepared by our experts – available for direct download as PPT & PDF! The population of multi-millionaires in no-name Chinese cities is growing at a breakneck pace. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook This has been a transformative year for Zhong, who started in January with a fortune approaching $7 billion. Please contact us to get started with full access to dossiers, forecasts, studies and international data. The US, Japan, and China topped the list of countries with the most new millionaires in 2019, according to a new … Jack Ma. "Number of millionaires in China from 2012 to 2019." In just the last 10 years, China has upped its millionaire count by 281% to 719,400 in total – and Beijing (with 122,100 millionaires) now cracks the top five list in Asia. Current richest Chinese billionare is Zhong Shanshan, ranked as the 8th wealthiest man in the world as of February 6, 2021. facts. China’s invasive technology has been used against its own people for years – everything from mining data straight from the brains of employees to sending reluctant participants to re-education camps to blocking millions who didn’t measure up in their social credit system from any type of travel. China added 158,000 millionaires in just one year, taking the number to more than 4.4 million — the most after the U.S., according to Credit Suisse Group AG’s 2019 wealth report.