🌍 Where Are Millionaires Growing the Fastest in the World?

Here are the countries expected to see the biggest growth in millionaires by 2028:

Rank Country Millionaires in 2023

1️⃣ 🇹🇼 Taiwan 788,798

2️⃣ 🇹🇷 Turkey 60,787

3️⃣ 🇰🇿 Kazakhstan 44,307

4️⃣ 🇮🇩 Indonesia 178,605

5️⃣ 🇯🇵 Japan 2,827,956

6️⃣ 🇰🇷 South Korea 1,295,674

7️⃣ 🇮🇱 Israel 179,908

8️⃣ 🇲🇽 Mexico 331,538

9️⃣ 🇹🇭 Thailand 100,001

🔟 🇸🇪 Sweden 575,462

🇹🇼 Taiwan

Taiwan is projected to experience the highest increase in millionaires — from 788,799 in 2023 to 1,158,239 by 2028.

This surge is mainly due to its rapidly growing technology and semiconductor industry. Taiwan’s TSMC, the world’s leading chip manufacturer, plays a key role in producing advanced chips used in phones, cars, and AI.

Additionally, Taiwan’s stable financial system and business-friendly policies continue to attract and build wealth.

🇹🇷 Turkey

Turkey ranks second, with millionaires expected to grow from 60,787 in 2023 to 87,077 by 2028 — a 43% increase.

This growth is largely tied to the rising value of real estate.

High inflation in Turkey has driven up property prices, increasing the net worth of property owners. However, this wealth is not evenly distributed — while property owners benefit, many others face reduced purchasing power and lower real income.

🇰🇿 Kazakhstan

Kazakhstan is forecasted to see a 37% increase in millionaires, reaching 60,874 by 2028.

The country’s oil and gas wealth, along with government investments in mining and agriculture, has boosted its economy.

As diversification efforts progress, more citizens are benefiting and accumulating wealth.

Kazakhstan’s growing middle class and trade ties with China and Russia also contribute to this rise.