Get To The 1% Part Quicker: How Much Money Do People Need To Join The Top 1% In Different Countries? [Infographic]

Get To The 1% Part Quicker: How Much Money Do People Need To Join The Top 1% In Different Countries? [Infographic]

Share to Linkedin This year, Knight Frank used its Wealth Sizing Model to create an interesting comparison to show just how deep people's pockets need to be to gain access to the top 1%. The sheer affluence of that community varies significantly between countries and the world's most exclusive enclave can be found in Monaco. The tiny principality has the densest population of UHNWIs on the planet and the entry point to the community of its top 1% is $7. 9 million. Switzerland is also well-known as a super rich haven where a cool $5. 5 million is required to gain access to its wealthiest circle. The United States, home to the world's largest UNHWI population, rounds off the top three. There were approximately 180, 000 individuals with a fortune of $30 million or more in the U. S. in 2020 and $4. 4 million would be needed to gain 1% status. The threshold is substantially lower in many other countries where the super wealthy community remains relatively sparse. China is expected to see its 1% entry requirements rise significantly in the coming years but in 2020, $850, 000 was enough to gain access to its pool of wealthiest earners.