Wealth inequality has become more serious within countries and around the world. Getting into the ranks of the richest 1% is never easy. Top 1% – Often cited, sometimes slandered, but never defined. The level of net wealth that marks the threshold for entry into this rarefied community varies widely across countries and territories. Interestingly, however, this falls far short of the definition of a ultra-high net worth (UHNW) person whose net worth is in excess of $30 million.
Here is the level of net worth in each country you need to join the top 1% locally.
|
Rank |
The country
|
Minimum wealth to join the top 1% |
|
one.
|
Monaco |
$7.9 million
|
|
2. |
Switzerland
|
$5.1 million |
|
3.
|
USA |
$4.4 million
|
|
4. |
Singapore
|
$2.9 million |
|
5.
|
New Zealand |
$2.8 million
|
|
6. |
Hong Kong
|
$2.8 million |
|
7.
|
Australia |
$2.8 million
|
|
eight. |
Ireland
|
$2.6 million |
|
9.
|
France |
$2.1 million
|
|
10 |
Germany
|
$2 million |
|
eleven
|
United Kingdom |
$1.8 million
|
|
12 |
Taiwan
|
$1.5 million |
|
thirteen
|
Japan |
$1.5 million
|
|
14 |
Spain
|
$1.4 million |
|
15
|
Italy |
$1.4 million
|
|
sixteen |
United Arab Emirates
|
$1.3 million |
|
17
|
South Korea |
$1.2 million
|
|
eighteen |
China
|
$850,000 |
|
nineteen
|
Malaysia |
$540,000
|
|
twenty |
Russia
|
$400,000 |
|
21
|
Argentina |
$360,000
|
|
22 |
Romania
|
$300,000 |
|
23
|
Brazil |
$280,000
|
|
24 |
Republic of South Africa
|
$180,000 |
|
25
|
Vietnam |
$160,000
|
|
26 |
Nigeria
|
$70,000 |
|
27
|
India |
$60,000
|
|
28 |
Philippines
|
$60,000 |
|
29
|
Indonesia |
$60,000
|
|
thirty |
Kenya
|
$20,000 |