Data Suggests Where In The World It's Easier To Be In The 1%
There are many wealthy people in the world, each of them obtaining their status through the inheritance of family fortunes, or by striking it big in their chosen career paths. It seems that as soon as one person's super-fortunes are revealed, another rises to the surface demonstrating an even higher level of monetary wealth. If living in the lap of luxury and reaching the highest levels of wealth are of importance, there is now data to suggest where in the world it will be easiest to achieve top 1% wealth status.
A recent study by Bloomberg indicates where the deepest levels of wealth exist, and some areas of the world are certainly more heavily saturated with millionaires than others.
If you're trying to reach the top ranks of wealth and fortune, you'll want to stay as far away from Monaco and the general Mediterranean region. There's so much saturated wealth and the fortunes in these areas run very, very deep. Family fortunes are inherited, and the significant wealth status is passed down from one generation to another, through family lineage, and of course, marriage as well. In order to be considered 'wealthy' in this tax-free region, you'll need upwards of $8 million dollars, making it incredibly challenging to attain top tier wealth.
The standards of high-rolling in Monaco differ only slightly in Switzerland, where it will still take you roughly $5.1 million to be considered among the wealthiest class in the region.
The high powered and well-paid celebrities in the United States, along with Jeff Bezos and Elon Musk's incredible fortunes, always have certainly contributed to the wealth status of the United States, which comes in at a whopping $4.4 million. If achieving a net worth upwards of $4 million is difficult to achieve, competing against the likes of Elon Musk isn't advised, and it is best to steer clear of the United States altogether!
Closing the gap between the top tier wealth levels are a variety of regions that all seem to hover around the same range. In order to be among the wealthiest 1% in regions such as Singapore, New Zealand, Australia and Ireland, your net worth will need to hover between the $2.6 and $2.9 million dollar range. Although still quite high, this seems much easier to attain than the uber-wealth of Monaco that would require an additional $5.5 million to encroach on the top level of fortune stability.
The lowest performing regions are Russia, China, and Malaysia, all of which being regions that one could be considered among the top 1% of the wealth bracket with less than $1 million net worth.
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