India ranks 13th with the most millionaires in the world; US tops

India ranks 13th worldwide in its total number of millionaires. India has about 759,000 millionaires, and its population is getting wealthier quickly.

Hyderabad: With almost 47 million people in the world now laying claim to fortunes over USD 1 million, the super-wealthy millionaire club is growing quickly.

The United States alone claims 18.6 million people with a net worth above USD 1 million that’s nearly 40 per cent of all the world’s millionaires and more than the next eight nations combined.

Below, the CEOWORLD magazine has ranked the 45 countries with the most millionaires that’s all fortunes above USD 1 million based on Credit Suisse’s annual wealth report.

The number of dollar millionaires in the United States increased by 675,000 last year to 18.6 million. The world’s 46.8 million millionaires hold 44 per cent of global wealth, the report said.

America still has more super rich:

The United States still has the most millionaires of any other country, with a total of 18.6 million, compared with 4.4 million in China at number two. Japan ranks third with 3 million millionaires.

India has about 759,000 millionaires, and its population is getting wealthier quickly, according to the report. India ranks 13th worldwide in its total number of millionaires.

Net worth, or wealth, is defined by the report as the value of financial assets plus real assets, mainly housing, owned by a household, minus its debts.