On this map we can see what percentage of the adult population is a US Dollar millionaire. As we can see, the differences between countries are quite big. Switzerland has by far the highest percentage of millionaires in, not just Europe, but the world (15.6%). The Netherlands (8.6%), Norway (8.2%) and Denmark (8.0%) also have a significantly higher share of millionaires than other European countries.
The lowest percentages of millionaires can be found in the eastern half of Europe. Turkey (0.1%), Poland (0.3%) and Russia (0.4%) have by far the lowest percentage of millionaires in Europe.
Data for this map comes from the [2023 Global Wealth Report](https://www.ubs.com/global/en/family-office-uhnw/reports/global-wealth-report-2023.html) by UBS.
To be fair, you’re still poor with 1 million in Denmark, right? /s
if this includes real estate it’s kind of a pointless map
Number of millionaires and especially billionaires is nothing to brag about.
Edit: If you disagree, argue, don’t be pussies.
Estonia should be at about 0.6%.
>Net worth or “wealth” is defined as the value of financial assets plus real assets (principally housing) owned by households, minus their debts. This corresponds to the balance sheet that a household might draw up, listing the items that are owned and their net value if sold. Private pension fund assets are included
Yeah, so the high scoring countries have both an overheated housing market and have some of the best pension systems in the world – where there is actually money put aside for later. The average ‘millionaire’ from Denmark, Norway or the Netherlands has a good life and nobody has to feel sorry for them, but with this definition, most of those millionaires will have their money tied in their house and their pension.
Germany for example relies far more on [PAYGO in pensions](https://en.wikipedia.org/wiki/PAYGO#German_Pension_System) so there are no pension fund assets added. It explains the big gap between Denmark/the Netherlands and Germany but it doesn’t mean comparable people in Denmark/the Netherlands will receive more money during their lifetime compared to their German counterparts.
Damn Switzerland, talk about an outlier
15.3% is pretty wild no matter which metric you use lol
Monaco probably has nearly 100%
in Switzerland they do massive money laundering, that’s why there are too many millionaires
Last year, my cousin and his GF (they live in the UK), went on a vacation in Switzerland. He posted some pictures in FB and somebody commented asking: “How’s Switzerland?”, to which he responded with: “Lots of rich people lol”. Apparently he wasn’t exaggerating in any way.
Funny how the entirety of eastern europe + the baltics are just excluded…
I read that approximately 100 people close to dictator Putin incl him own the rest.
As a Pole I am proud of my country.
A dollar millionaire in Zurich owns 60% of his apartment, having a loan on the rest and has 50k francs on his bank account.
A dollar millionaire in Poland owns 3 apartments in a big city, rents 2 of them out, has 100k usd in overseas stock and still has 200k USD in his bank account.
Surprised Ireland is so low
Much easier to become a millionaire when your house price is rising by 50k a year and you earn another 100k on top yearly in tech.
The Balkans also have millionaires but they hide their real worth because of corruption and tax evasion
Im in the Netherlands and the only million I have is my house mortgage debt.
Hauptsoch besser ois de Deitschn!
if you own real estate in Switzerland, chances of being a millionaire are pretty high. My parents were average, middle class workers (Boomer-Generation) and the house they bought in the 90s is well over 1Mill today.
Difference is those who have million dollars in Czech or Poland or countries like that (with weaker currency than euro) are kings compared to those in Germany or Switzerland. Literally you can be unable to purchase your own home in Switzerland and be a millionaire while in Czech those with 1 million dollars in cash and assets won’t have to work and can just be landlords, because they can afford buying multiple homes and apartments.
Kinda senseless is this comparison imho.
Too many
Hahahah sug på den svenske jævler r/sweden
No surprise Scandinavia is doing so well.
The Swiss are cheats with their damn banks, by rights they should all be herding cows on the hillsides.
Hup the Dutch, you’re always welcome to join us Nordic countries
I mean try to buy a house in my region. If it’s not a shack it will be at least 600-700k.
If have million US dollars in Poland you are set for life. If you have a million US dollars in Germany, you can’t buy one house. Unless you buy one in Poland, in which case you can buy 3.
Ah yes, turkey the most European Country
Netherlands Plus one if the person comes and collect his 30 million he/she won in the new years eve lottery 🙂
That’s net worth, not 1 million in cash.
Interesting to correlate with the previous GDP post:
* Ireland: GDP 127k but 4.6% millionaires.
* Switzerland: GDP of 85k but 15.6%.
* Poland: 44k but 0.3%
* Spain: 46k but 3.0%
I guess hits corporate-driven GDP or people moving there or inequality?
Can we vote Russia out of Europe?
Ha! Fuck you sweden!
Poland poor but safe, poland strong
$1M in Switzerland ≠ $1M in Turkye
As a Hungarian (part of Europe): 👀
and western europe is just full of brown migrants, enjoy being a millionaire and surrounded by indians, arabs, africans
37 comments
On this map we can see what percentage of the adult population is a US Dollar millionaire. As we can see, the differences between countries are quite big. Switzerland has by far the highest percentage of millionaires in, not just Europe, but the world (15.6%). The Netherlands (8.6%), Norway (8.2%) and Denmark (8.0%) also have a significantly higher share of millionaires than other European countries.
The lowest percentages of millionaires can be found in the eastern half of Europe. Turkey (0.1%), Poland (0.3%) and Russia (0.4%) have by far the lowest percentage of millionaires in Europe.
Data for this map comes from the [2023 Global Wealth Report](https://www.ubs.com/global/en/family-office-uhnw/reports/global-wealth-report-2023.html) by UBS.
To be fair, you’re still poor with 1 million in Denmark, right? /s
if this includes real estate it’s kind of a pointless map
Number of millionaires and especially billionaires is nothing to brag about.
Edit: If you disagree, argue, don’t be pussies.
Estonia should be at about 0.6%.
>Net worth or “wealth” is defined as the value of financial assets plus real assets (principally housing) owned by households, minus their debts. This corresponds to the balance sheet that a household might draw up, listing the items that are owned and their net value if sold. Private pension fund assets are included
Yeah, so the high scoring countries have both an overheated housing market and have some of the best pension systems in the world – where there is actually money put aside for later. The average ‘millionaire’ from Denmark, Norway or the Netherlands has a good life and nobody has to feel sorry for them, but with this definition, most of those millionaires will have their money tied in their house and their pension.
Germany for example relies far more on [PAYGO in pensions](https://en.wikipedia.org/wiki/PAYGO#German_Pension_System) so there are no pension fund assets added. It explains the big gap between Denmark/the Netherlands and Germany but it doesn’t mean comparable people in Denmark/the Netherlands will receive more money during their lifetime compared to their German counterparts.
Damn Switzerland, talk about an outlier
15.3% is pretty wild no matter which metric you use lol
Monaco probably has nearly 100%
in Switzerland they do massive money laundering, that’s why there are too many millionaires
Last year, my cousin and his GF (they live in the UK), went on a vacation in Switzerland. He posted some pictures in FB and somebody commented asking: “How’s Switzerland?”, to which he responded with: “Lots of rich people lol”. Apparently he wasn’t exaggerating in any way.
Funny how the entirety of eastern europe + the baltics are just excluded…
I read that approximately 100 people close to dictator Putin incl him own the rest.
As a Pole I am proud of my country.
A dollar millionaire in Zurich owns 60% of his apartment, having a loan on the rest and has 50k francs on his bank account.
A dollar millionaire in Poland owns 3 apartments in a big city, rents 2 of them out, has 100k usd in overseas stock and still has 200k USD in his bank account.
Surprised Ireland is so low
Much easier to become a millionaire when your house price is rising by 50k a year and you earn another 100k on top yearly in tech.
The Balkans also have millionaires but they hide their real worth because of corruption and tax evasion
Im in the Netherlands and the only million I have is my house mortgage debt.
Hauptsoch besser ois de Deitschn!
if you own real estate in Switzerland, chances of being a millionaire are pretty high. My parents were average, middle class workers (Boomer-Generation) and the house they bought in the 90s is well over 1Mill today.
Difference is those who have million dollars in Czech or Poland or countries like that (with weaker currency than euro) are kings compared to those in Germany or Switzerland. Literally you can be unable to purchase your own home in Switzerland and be a millionaire while in Czech those with 1 million dollars in cash and assets won’t have to work and can just be landlords, because they can afford buying multiple homes and apartments.
Kinda senseless is this comparison imho.
Too many
Hahahah sug på den svenske jævler r/sweden
No surprise Scandinavia is doing so well.
The Swiss are cheats with their damn banks, by rights they should all be herding cows on the hillsides.
Hup the Dutch, you’re always welcome to join us Nordic countries
I mean try to buy a house in my region. If it’s not a shack it will be at least 600-700k.
If have million US dollars in Poland you are set for life. If you have a million US dollars in Germany, you can’t buy one house. Unless you buy one in Poland, in which case you can buy 3.
Ah yes, turkey the most European Country
Netherlands Plus one if the person comes and collect his 30 million he/she won in the new years eve lottery 🙂
That’s net worth, not 1 million in cash.
Interesting to correlate with the previous GDP post:
* Ireland: GDP 127k but 4.6% millionaires.
* Switzerland: GDP of 85k but 15.6%.
* Poland: 44k but 0.3%
* Spain: 46k but 3.0%
I guess hits corporate-driven GDP or people moving there or inequality?
Can we vote Russia out of Europe?
Ha! Fuck you sweden!
Poland poor but safe, poland strong
$1M in Switzerland ≠ $1M in Turkye
As a Hungarian (part of Europe): 👀
and western europe is just full of brown migrants, enjoy being a millionaire and surrounded by indians, arabs, africans
I really wanted to see Luxembourg or Monaco