Pakistan and India are also on the list with 8.4pc and 10.7pc respectively
According to a report released by Wealth-X, the United States boasts an ultra-high-net-worth individual (UHNWI) population of approximately 80,000, more than the total of the next five countries combined – Japan, China, Germany, Canada and France. A UNHWI is defined as someone worth $30 million or more and the US is home to 31pc of the global population. Despite being the dominant country for the planet’s super-rich, the US lags behind other nations when it comes to UHNWI population growth.
Steady economic development across Asia has led to a burgeoning population of wealthy individuals, particularly in China where the number of UHNWIs increased 19pc between 2016 and 2017 – twice North America’s growth rate. Over the past five years, however, another and unlikely Asian country has been leading the world in super rich population growth. Between 2012 and 2017, Bangladesh saw its ultra-rich club grow by 17.3pc. Over the same time period, growth in China was 13.4pc while in Vietnam it was 12.7pc. Kenya and India were among the other nations recording double-digit growth of 11.7 and 10.7pc respectively. The US came tenth overall for UHNWI population growth at 8.1pc from 2012 to 2017.