Post: Countries with the Most Millionaires
06-27-2010, 07:56 PM #1
rjive
Love Big Titty Bitches
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I found this information interesting. Included some of my own ghetto analysis as well. You'll find the source to full article at the end. Smile


  1. United States of America - 4.75 million millionaires out of 300million total population.


  2. Japan - 1.23 million millionaires out of 127 million total population.


  3. China - 670k millionaires out of 1.3 BILLION total population


  4. United Kingdom - 480k millionaires out of 61 million total population


  5. Germany - 430k millionaires out of 82 million total population


  6. Italy - 300k millionaires out of 60 million total population


  7. Switzerland - 283k millionaires out of 7.8 million total population


  8. France - 280k millionaires out of 62 million total population.


  9. Taiwan - 230k millionaires out of 23 million total population


  10. Hong Kong - 205k millionaires out of 7 million total population.



What I find more interesting in the article is the amount the wealth represents of the total wealth of the country. Take the top three, US, Japan & China and let's analyze their figures a bit more.

U.S. - 56% of the total wealth of the US consists of 2% of the total population. Half of the countries tax receipts coming from only two percent of the population.

Japan - 21% of the total wealth of Japan consists of the top 1% of the total population.

China - This country seems to have the biggest divergence between total population and the wealthy. Only .0005% of the total population accounts for 50% of the country's total wealth. Those are astonishing numbers.

Finally, let's take a look at the U.K. since we have a strong population on this site from there. The U.K. has 7.95% of the population accounting for 23% of the countries wealth. This interesting data. Looking at this, the majority of the U.K. seems to be represented by the middle class however the top 8% of the wealthy are SUPER wealthy.

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The following 5 users say thank you to rjive for this useful post:

battman411, Caspa, drunkenrepublicn, Run Show, Whiskey_Whiskey
06-27-2010, 07:59 PM #2
Caspa
Retired Mod
The China figures are ridiculous. There are some very wealthy people there indeed, it's a shame it's not spent on some of the real areas of poverty you find there.

The following user thanked Caspa for this useful post:

Darth Saul
06-27-2010, 07:59 PM #3
-Blackhawks-
Respect me pl0x
Nice facts jive Smile
06-27-2010, 08:02 PM #4
rjive
Love Big Titty Bitches
Originally posted by Caspa View Post
The China figures are ridiculous. There are some very wealthy people there indeed, it's a shame it's not spent on some of the real areas of poverty you find there.


You're absolutely right man. I'm not a fan of socialism or re-distribution of wealthy, but I think China has a got to do something to help the poverty levels across the 1.3 BILLION (freaking billion) people they have. Winky Winky
06-27-2010, 08:06 PM #5
Steve
Ex-News Staff
Wooo America has the most millionaires Smile
06-27-2010, 08:07 PM #6
Caspa
Retired Mod
Originally posted by rjive View Post
You're absolutely right man. I'm not a fan of socialism or re-distribution of wealthy, but I think China has a got to do something to help the poverty levels across the 1.3 BILLION (freaking billion) people they have. Winky Winky


Their population problems could be alot worse right now. Despite all the ethical problems it created, their population control schemes in the 80's were very successful, despite the ridiculous punishments and harsh penalties that came with it.

It seems all the money is locked up in a small minority off business driven families with heritage, simply hoarding the cash for the next generation.
06-27-2010, 08:13 PM #7
rjive
Love Big Titty Bitches
Originally posted by Caspa View Post
Their population problems could be alot worse right now. Despite all the ethical problems it created, their population control schemes in the 80's were very successful, despite the ridiculous punishments and harsh penalties that came with it.

It seems all the money is locked up in a small minority off business driven families with heritage, simply hoarding the cash for the next generation.


You're right again. It's interesting to look at the development of this nation through the globalization of the world's economy. It amazes me the divergence between wealthy and impoverished.

China not so subtly still has a very controlling government however the production of the worlds goods at such a cheap cost is a misdirection from the scrutinizing of the developed nations. It will be interesting to see the development over the next decade with India being an up & comer on the world stage. It seems these emerging markets are still heavily volatile based on government action and interference.

If you have not read "The World is Flat" by Thomas Friedman, pick up a copy. It's a very interesting book. Smile
06-27-2010, 08:16 PM #8
Caspa
Retired Mod
Originally posted by rjive View Post
You're right again. It's interesting to look at the development of this nation through the globalization of the world's economy. It amazes me the divergence between wealthy and impoverished.

China not so subtly still has a very controlling government however the production of the worlds goods at such a cheap cost is a misdirection from the scrutinizing of the developed nations. It will be interesting to see the development over the next decade with India being an up & comer on the world stage. It seems these emerging markets are still heavily volatile based on government action and interference.

If you have not read "The World is Flat" by Thomas Friedman, pick up a copy. It's a very interesting book. Smile


I'll have a gander if I come across it, thanks for the recommendation. Winky Winky
06-27-2010, 08:21 PM #9
battman411
Grey Beard
Rjive this is quite interesting. I would also wonder just because I think like this, what percentage of the people on the list in each country are above the 500 mil or below it. I kind of think of that as the line between rich and wealthy.

Rich= Never have to think about spending.---> Oprah

Wealthy= Able to change conditions on a global scale.-----> Warren Buffett
06-27-2010, 08:27 PM #10
rjive
Love Big Titty Bitches
Originally posted by battman411 View Post
Rjive this is quite interesting. I would also wonder just because I think like this, what percentage of the people on the list in each country are above the 500 mil or below it. I kind of think of that as the line between rich and wealthy.

Rich= Never have to think about spending.---> Oprah

Wealthy= Able to change conditions on a global scale.-----> Warren Buffett


Good point Battman. I bet you could probably look at the forbes list and run some quick math on that, but who has that kinda time. lol.

You can probably assume, Gates, Buffett, Walton's (walmart owners), and those cats make up 25% of the Nations wealth. Smile

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