The country with the highest percentage of millionaire households is
Singapore, with more than 15% of its households having disposable private
wealth of more than $1 million US Dollars (USD). Property was not taken
into consideration, so it is estimated that Singapore’s millionaire rate
could be even higher, because the city-state has one of the most expensive
housing markets in the world. It is thought that millionaires might choose
to live in Singapore because it is one of the largest offshore banking
centers in the world, thanks to its low taxrates. The US has the most
millionaire households at more than 5 million.
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