Where Millionaires Live

The rich just keep getting richer, with this year's global household wealth growing 7.8%. The highest growth level occurred in Asia-Pacific region, Latin America, the Middle East and Africa. These countries were followed up by a more contained growth in Western Europe and North America. Statistics show there are more millionaires in Qatar than elsewhere, clocking in at 14.3%, mostly thanks to oil and gas supplies. This is followed up by Switzerland at 11.6% who recently has faced pressure from the EU and the USA to change bank secrecy laws and tax bank accounts held by foreigners.
In third place, we return to the Middle East, with Kuwait at 11.5%. Kuwait has 7% of world oil reserves. Next, Hong Kong at 9.4%. A former colony, it's not a hub for finance, trade, real estate and transport. Hong Kong is also home to Asia's wealthiest person, Li Ka-Shing who runs Hutchison Whampoa and Cheung Kong Holdings. Number five on the list is Singapore at 8.2% with a population of just over 5 million, and it boasts a cultural obsession with millionaires. It has an important role in offshore banking and high-tech.

Recommended
for you

People living in a two or three bedroom house, those with families with three, four or more children…
Though owning one's own home is a common lifelong goal, there are several reasons it may be better t…
Thanks to fantastic new sites like AirBnb it's possible to find a rental room or apartment in Mexico…
It may seem that the stars have finally aligned when you are about to buy a new house and come up wi…
Now is the time to consider working in real estate. Yes, the economy has crashed and the housing mar…
If you've been trying for far too long to sell a home, here are some tips to get things moving. Firs…