The U.S. States hosts the highest number of million¬aires in the world, nearly 22 million people. Mainland China is in second place with just over six million, roughly double the number of the third market - the United Kingdom, according to a new analysis.

No other market counts in excess of 3 million millionaires. Japan, Germany and France have a millionaire population just below that level, while Canada and Australia count fewer than 2 million people in this cohort, says the 2024 Global Wealth Report by UBS Group AG, a multinational investment bank based in Switzerland.

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In percentage terms, these numbers are equally revealing: The United States host 38% of the world’s millionaires, Western Europe 28% and mainland China 10%, equivalent to the sum of Japan, India, Indonesia, South Korea, Singapore and Thailand.

Interestingly, the relatively small Netherlands hosts over 1,200,000 USD millionaires, approximately as many as Italy and Spain, nearly twice as many as Hong Kong SAR and almost four times as many as Singapore, UBS specified.