How much do you need to be in the top 1% in different countries of the world

Data from a recent report on wealth scaling modelfrom the advisor Knight FrankDisplays the required amount of money To be part of the richest 1% in 25 countries around the world.

he Principality of Monaco It appears to be the country that needs the most money, with US$12.4 million needed to make up part of that percentage.

(Port of Cartagena, “Top 5” in the world in its category).

Secondly, it was found Swiss, as it takes $6.6 million to be part of the 1% of the richest people in that country. Close the platform Australiain the amount of 6.6 million US dollars.

New Zealand ($5.2 million), United State ($5.1 million), Ireland ($4.3 million), Singapore ($3.5 million), France ($3.5 million), Hong Kong (3.4 million USD) and United kingdom (US$3.3 million) closed the top ten.

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The only Latin American countries that appeared on the list were Brazil ($430,000 USD) and Mexico ($380,000 USD).

As the report shows, factors such as climateturn A place for charming events And Low tax burden on its residents They have helped this small country to be an enclave for some of the richest people in the world.

(How much money should you have in the bank when applying for a US visa).

In 2021 for example, Monaco has the highest per capita GDP in the world, at $234,317.according to the United Nations Organization (UN)thus putting itself ahead of other small countries such as Liechtenstein ($169,260 USD), Luxembourg ($133,745) and Bermuda ($112,652).

(The five countries with the highest interest rates in the world in 2023).

Similarly, Knight Frank estimates that by 2026, 255 people with net worth over $30 million can live in Monaco and nearly 40,000 with a legacy of over $1 million.

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