How many millionaires are in China

https://www.statista.com/statistics/268411/countries-with-the-most-millionaires/ Chances are, you assume that most millionaires are in the United States, Western Europe, and Japan, and that the rest of the world is far behind According to the Boston Consulting Group, there were more than two million millionaires in China in 2010, and fewer than one million in the United States https://tradingeconomics.com/china/gdp-per-capita?back=https%3A%2F%2Fwww.google.com%2Fsearch%3Fclient%3Dsafari%26as_qdr%3Dall%26as_occt%3Dany%26safe%3Dactive%26as_q%3Dwhat+is+the+per+capita+of+China%26channel%3Daplab%26source%3Da-app1%26hl%3Den Now, it’s true that China’s population is more than four times that of the United States But that’s not a good reason to be impressed by the number of millionaires in China After all, there are more than four times as many people in China than there are in the United States So let’s divide the number of millionaires in China by the size of its population, to get a number that reflects the proportion of the population that is millionaire The result: There are roughly three times as many millionaires per capita in China than in the United States As recently as 2000, there were only about 700,000 millionaires in China But since then, the number has grown at a brisk clip By 2010, there were more than two million Chinese millionaires, and their total wealth exceeded $4 trillion China’s economy is still a long way from catching up with America’s In 2010, the United States produced roughly $14 trillion in economic output, while China cranked out only $6 3 trillion And China’s per capita GDP, at just $5,600, is only a quarter of America’s But as China’s economy expands and its people get richer, more and more Chinese will join the ranks of the world’s millionaires India is another emerging market that is home to a large number of millionaires In 2010, there were about 500,000 millionaires in India, and their total wealth was about $950 billion