The United States comes in as number 1 with the most Millionaires residing there out of everywhere in the world. 22 million individuals were recorded as millionaires based on the UBS Wealth Report that was conducted earlier this year. This number is projected to grow to 25.4 million by 2028.

China takes the second spot with 6 million current millionaires and the UK takes the third spot. This data demonstrates the wealth dominance shown by the US compared to the rest of the world.

Interestingly, the UK is the only nation out of the top 10 whose number of millionaires is forecasted to see a decline by 2028. The data indicates that the UK may lose 600k of millionaires over the next 4 years. This may be due to poorer economic growth and opportunities within the country as well as changes in government and policy.