How much wealth do you need to join the world’s richest 1% in 2024


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