Difference between revisions of "Millionaire"

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(Created page with "{{concept |wikipedia=https://en.wikipedia.org/wiki/Millionaire |image= |constitutes= |interests= }} '''Millionaire''', as opposed to billionaire. {{SMWDocs}} ==References=...")
 
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{{concept
 
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|image=Million billion.jpg
 
|constitutes=
 
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|description=While quite a few in the managerial upper class are millionaires, they are definitely not the financial deciders in the world.
 
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'''Millionaire''', as opposed to [[billionaire]].
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'''Millionaire''', as opposed to [[billionaire]]. As of December 2020, there were estimated to be 46.8 million millionaires or high-net-worth individual (HNWIs) in the world. The United States had the highest number of HNWIs (11 Million) of any country,  in a total of 3.5 million millionaire households.
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==Historical worth==
 +
Depending on how it is calculated, a million US dollars in 1900 is equivalent to:
 +
 
 +
* $21.2 million using the [[GDP deflator]],
 +
* $24.8 million using the [[consumer price index]],
 +
* $61.4 million using the gold price<ref>http://www.measuringworth.com/gold/</ref>
 +
* $114.1 million using the unskilled [[wage]],
 +
* $162.8 million using the nominal [[Gross domestic product|GDP]] per capita,
 +
* $642 million using the relative share of [[Gross domestic product|GDP]],
 +
 
 +
Thus one would need to have almost thirty million dollars today<ref>https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1800-</ref> to have the [[purchasing power]] of a US millionaire in 1900, or more than 100 million dollars to have the same impact on the US economy.
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 +
== Global cities with the most super-wealthy millionaires per capita (higher than $30 million) ==
 +
 
 +
According to wealth research group Wealth-X that released its latest UHNW Cities report, showing the residential footprint of the world's top ultra-high net worth (UHNW) individual cities.
 +
 
 +
Excluding [[Monaco City|Monaco]] – which has very high UHNWI density – [[Geneva]] has the highest density of super-wealthy people per capita in the world. The city is known as the most compact [[metropolitan area]], and also enjoys a concentration of affluence. [[Singapore]] has the second-highest concentration, followed by [[San Jose, California|San Jose]], the center of [[Silicon Valley]], and the largest city in Northern California.
 +
While [[New York City]] leads in terms of overall UHNW footprint, [[London]] has a similar number of UHNW "second homers" despite a considerably smaller population. [[Paris]] features as the second-highest European city, after London, Wealth-X said.
 +
Among suburbs and smaller towns, [[Beverly Hills, California|Beverly Hills]] has the highest overall number of UHNW residents, and [[Aspen, Colorado|Aspen]] has the highest concentration on a per capita basis, the report showed.
 +
Ultra-high net worth individuals are defined by Wealth-X as those whose total net worth is higher than $30 million (R400 million).<ref>https://businesstech.co.za/news/wealth/214251/global-cities-with-the-most-millionaires-per-capita/</ref> Fig below illustrates Cities with The highest millionaire density worldwide (higher than $1 million).
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==Number of millionaires per country by Credit Suisse==
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[[Credit Suisse]]'s "Global Wealth in 2019" measured the number of adult millionaires in the world. According to the report, the US has 18.6 million millionaires, highest in the world.<ref>https://web.archive.org/web/20191023104250/https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-databook-2019.pdf</ref>
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{| class="wikitable sortable"
 +
|+
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|-
 +
|'''Rank'''
 +
|'''Country'''
 +
|'''Number of<br>Millionaires'''
 +
|'''% of world total'''
 +
|-
 +
|1
 +
|[[United States]]
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|18,614,000
 +
|40%
 +
|-
 +
|2
 +
|[[China]]
 +
|4,447,000
 +
|10%
 +
|-
 +
|3
 +
|[[Japan]]
 +
|3,025,000
 +
|6%
 +
|-
 +
|4
 +
|[[United Kingdom]]
 +
|2,460,000
 +
|5%
 +
|-
 +
|5
 +
|[[Germany]]
 +
|2,187,000
 +
|5%
 +
|-
 +
|6
 +
|[[France]]
 +
|2,071,000
 +
|4%
 +
|-
 +
|7
 +
|[[Italy]]
 +
|1,496,000
 +
|3%
 +
|-
 +
|8
 +
|[[Canada]]
 +
|1,322,000
 +
|3%
 +
|-
 +
|9
 +
|[[Australia]]
 +
|1,180,000
 +
|3%
 +
|-
 +
|10
 +
|[[Spain]]
 +
|979,000
 +
|2%
 +
|-
 +
|11
 +
|[[Netherlands]]
 +
|832,000
 +
|2%
 +
|-
 +
|12
 +
|[[Switzerland]]
 +
|810,000
 +
|2%
 +
|-
 +
|13
 +
|[[India]]
 +
|759,000
 +
|2%
 +
|-
 +
|14
 +
|[[South Korea]]
 +
|741,000
 +
|2%
 +
|-
 +
|15
 +
|[[Taiwan]]
 +
|528,000
 +
|1%
 +
|}
 +
 
 +
 
 
{{SMWDocs}}
 
{{SMWDocs}}
 
==References==
 
==References==
 
{{reflist}}
 
{{reflist}}
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{{Stub}}
 

Latest revision as of 06:00, 17 February 2021

Concept.png Millionaire Rdf-entity.pngRdf-icon.png
Million billion.jpg
While quite a few in the managerial upper class are millionaires, they are definitely not the financial deciders in the world.

Millionaire, as opposed to billionaire. As of December 2020, there were estimated to be 46.8 million millionaires or high-net-worth individual (HNWIs) in the world. The United States had the highest number of HNWIs (11 Million) of any country, in a total of 3.5 million millionaire households.

Historical worth

Depending on how it is calculated, a million US dollars in 1900 is equivalent to:

  • $21.2 million using the GDP deflator,
  • $24.8 million using the consumer price index,
  • $61.4 million using the gold price[1]
  • $114.1 million using the unskilled wage,
  • $162.8 million using the nominal GDP per capita,
  • $642 million using the relative share of GDP,

Thus one would need to have almost thirty million dollars today[2] to have the purchasing power of a US millionaire in 1900, or more than 100 million dollars to have the same impact on the US economy.

Global cities with the most super-wealthy millionaires per capita (higher than $30 million)

According to wealth research group Wealth-X that released its latest UHNW Cities report, showing the residential footprint of the world's top ultra-high net worth (UHNW) individual cities.

Excluding Monaco – which has very high UHNWI density – Geneva has the highest density of super-wealthy people per capita in the world. The city is known as the most compact metropolitan area, and also enjoys a concentration of affluence. Singapore has the second-highest concentration, followed by San Jose, the center of Silicon Valley, and the largest city in Northern California. While New York City leads in terms of overall UHNW footprint, London has a similar number of UHNW "second homers" despite a considerably smaller population. Paris features as the second-highest European city, after London, Wealth-X said. Among suburbs and smaller towns, Beverly Hills has the highest overall number of UHNW residents, and Aspen has the highest concentration on a per capita basis, the report showed. Ultra-high net worth individuals are defined by Wealth-X as those whose total net worth is higher than $30 million (R400 million).[3] Fig below illustrates Cities with The highest millionaire density worldwide (higher than $1 million).

Number of millionaires per country by Credit Suisse

Credit Suisse's "Global Wealth in 2019" measured the number of adult millionaires in the world. According to the report, the US has 18.6 million millionaires, highest in the world.[4]

Rank Country Number of
Millionaires 		% of world total
1 United States 18,614,000 40%
2 China 4,447,000 10%
3 Japan 3,025,000 6%
4 United Kingdom 2,460,000 5%
5 Germany 2,187,000 5%
6 France 2,071,000 4%
7 Italy 1,496,000 3%
8 Canada 1,322,000 3%
9 Australia 1,180,000 3%
10 Spain 979,000 2%
11 Netherlands 832,000 2%
12 Switzerland 810,000 2%
13 India 759,000 2%
14 South Korea 741,000 2%
15 Taiwan 528,000 1%


 

Examples

Page nameDescription
Sam AltmanYoung visitor to the 2016 Bilderberg, Elon Musk liaison, CEO of OpenAI and former CEO of Reddit.
John Jacob AstorThe first multi-millionaire in the US
Waldorf AstorMulti-millionaire UK deep politician, Chair of Chatham House ...
Peter BakkerDutch millionaire and businessman
Margaret Thomson BiddleAmerican millionaire heiress and businesswoman. After World War 2 she started a salon in Paris frequented by many deep politicians.
Christoph BlocherMillionaire Swiss politician, businessman who attended the 2009 Bilderberg
David Harold ByrdTexas oilman with connection to LBJ, who made millions of dollars from the JFK assassination.
Chelsea ClintonUS business woman born into the US deep state, as the only child of Bill and Hillary Clinton
Tony ComperSingle Bilderberg, Bank of Montreal head
John Deuss"One of the most successful international wheeler-dealers of recent decades" who lived "a charmed life on the edge" with help from the UK and US deep states
Joaquin DuatoThe new CEO of Johnson & Johnson
José EntrecanalesBillionaire Spanish businessman
Mary ErdoesMoney manager for JPMorgan Chase. Georgetown, CFR, Bilderberg.
Bill GammellMulti-millionaire Bush family connection and connection to Tony Blair.
Richard GnoddeMulti millionaire South African money man. Attended his first Bilderberg in 2019
Alex GorskyThe CEO of Johnson & Johnson (2012 to 2021)
David HartSpooky advisor to Thatcher. Father of an Institute for Statecraft director and possibly also another member of the group.
Roger HertogUS-Israeli millionaire, "the one man who has, far more than anyone else, financially enabled the neoconservative movement to exist"
Amo HoughtonUS multi-millionaire politician. Attended the 1972 Bilderberg as CEO of family company Corning, on the verge of becoming world's leading manufacturer of optical fiber.
Tim HwangUS internet businessman who attended the 2018 Bilderberg aged 26, maybe the 4th youngest of all time.
Peter KalikowDeep state connected businessman
James KimseyInternet service provider AOL founder with deep military ties, Bilderberg
Steve KirschAmerican serial entrepreneur and from 2020, a COVID-19/Dissident.
Ömer KoçMulti-millionaire Turkish businessman, Koç Holding/Chair
Christopher LiddellNew Zealander former Microsoft CFO who attended the 2017 Bilderberg as White House Director of Strategic Initiatives. Appointed to the White House Coronavirus Task Force in 2020
Divesh Makan"The spider of Silicon Valley" big money manager and "consigliere" to billionaire, especially Mark Zuckerberg.
William McLeanCanadian double Bilderberger director of Canada's biggest meat packing company, in the process of international expansion (with limited success); as was the topic of the 1968 Bilderberg meeting.
John A. Mills
Nikolai MushegianCryptocurrency developer found dead after tweeting "CIA and Mossad and pedo elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and caribbean islands. They are going to frame me with a laptop planted by my ex gf who was a spy. They will torture me to death."
Dietmar Müller-ElmauGerman with a heavy Brussels Forum habit, also appears at the Munich Security Conference, ran the hotel that hosted the 2015 G7 summit
Simon RobertsonGoldman Sachs
Edmond Adolphe de RothschildRothschild family Bilderberg Steering committee member
Sheryl SandbergThe Chief Operating Officer (COO) of Facebook
Ernest-Antoine SeillièreMillionaire French businessman, Bilderberg/Steering committee, Le Siècle
Jonas Gahr StørePrime Minister of Norway since 2021. Formerly chief of staff to Gro Harlem Brundtland at the World Health Organization.
J. Martin TaylorUK Millionaire banker and businessman. Former Bilderberg steering committee
Alexander Thynn
Patrick VallanceUK revolving door "expert" who moves between government advisory leadership roles an Big Pharma.
Susan WojcickiBusinesswoman and Youtube CEO 2014 to 2023
Lana ZahawiMultimillionaire wife of Nadhim Zahawi
Nadhim ZahawiCercle chair, UK minister of COVID-19 vaccine deployment, explicitly denied that the UK government was planning on introducing vaccine passports although leaked documents contradict this, penalised by HMRC - whilst Chancellor of the Exchequer - for not paying his taxes.
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References

  1. ↑ http://www.measuringworth.com/gold/
  2. ↑ https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1800-
  3. ↑ https://businesstech.co.za/news/wealth/214251/global-cities-with-the-most-millionaires-per-capita/
  4. ↑ https://web.archive.org/web/20191023104250/https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-databook-2019.pdf
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