Where the world's millionaires live
Jeff Desjardins, Visual Capitalist, 20h, Friday, January 05, 2018, Business Inside, http://www.businessinsider.com...ionaires-live-2018-1
Flickr Creative Commons
- Most millionaires fall in the range of having between $1 and $5 million dollars.
- Millionaires are scattered across the world, with various large cities boasting different numbers of high-net-worth individuals.
When we think of the term “millionaire”, it’s only natural for our thoughts to be skewed towards the famous business magnates that have amassed giant fortunes, like Jeff Bezos, Elon Musk, or Warren Buffett.
However, the reality is that those types of ultra high net worth individuals (UHNWIs) with fortunes above $30 million are a fairly rare commodity – and when it’s all said and done, they make up a very tiny percentage of the millionaire population as a whole.
The vast majority of millionaires (90.0%) globally have fortunes between $1 million and $5 million, and you’re probably not going to find many of them with a sprawling mansion or a new Rolls Royce in the garage.
In fact, most millionaires drive a Ford.