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RANKED: The 19 countries with the most millionaires

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Rich wealthy picnic

Just four countries are home to over 60% of the world's High Net Worth Individuals, or HNWI, according to the World Wealth Report by the consulting firm Capgemini.

An HNWI is defined as having "investable assets of $1 million (£750,000) or more excluding primary residence, collectibles, consumables, and consumer durables."

Countries from five different continents make the top 19, with strong export economies and service sectors often the key features.

Keep scrolling to see which countries have the most millionaires:

19. Hong Kong — 142,000. We begin with Hong Kong, which has an extremely high concentration of millionaires given its population of under 8 million. It is seen by many as an entry point to the Southeast Asian market, and its status as a global business hub has made many of its citizens rich.



18. Kuwait — 146,000. Being oil-rich is still a great way to ensure your country has a lot of millionaires, but Kuwait also has no income tax — which means whatever Kuwaitis earn, they keep.



17. Brazil — 149,000. Brazil makes the top 20 again, but as its economy has taken a tumble in the past few months so has its population of millionaires, with its HNWI population falling 7.8% since the most recent report. The country still accounts for 56% of the millionaires in South America, however.



See the rest of the story at Business Insider

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