Toronto 
Do you own a mortgage-free detached house in GTA or Metro Vancouver? Then, you most probably are a millionaire and may have contributed to Canada’s standing as one of the top 10 wealthiest countries in terms of total private wealth.
Credi: Jason Leung/Unsplash
Today, Henley & Partners released their inaugural Henley Global Citizens Report ranks the countries in terms of total privately-held wealth. Total wealth refers to the private wealth held by all individuals living in the country, including all their assets in property, cash, equities, business interests less any liabilities.
The report says the U.S. with USD 68.8 trillion in total private wealth accounts for 32% of total global wealth and 36% of the world’s millionaires.
Canada is the 8th wealthiest country with USD 6.2 trillion in total private wealth. Canada has 364,100 individuals with more than 1 million dollars in net worth, 12,220 multi-millionaires (USD10m+), 524 individuals with more than 100 million dollars and 43 billionaires.
World’s 10 wealthiest countries by total private wealth in 2021
Henley & Partners
- USA — USD 68.8 trillion in total wealth, Wealth per capita USD 208,750
- China — USD 23.3 trillion in total wealth, Wealth per capita USD 16,500
- Japan — USD 20.1 trillion in total wealth, Wealth per capita USD 159,730
- India — USD 8.9 trillion in total wealth, Wealth per capita USD 6,440
- Germany — USD 8.9 trillion in total wealth, Wealth per capita USD 106,530
- UK — USD8.8 trillion in total wealth, Wealth per capita USD 131,640
- Australia — USD 6.4 trillion in total wealth, Wealth per capita USD 250,980
- Canada — USD 6.2 trillion in total wealth, Wealth per capita USD 164,360
- France — USD 5.8 trillion in total wealth, Wealth per capita USD 85,320
- Italy — USD 3.8 trillion in total wealth, Wealth per capita USD 64,210
The United States’ high-net-worth population growth increased by 10% in the last year, while Canada’s population of high net worth individuals grew by 5%.
Henley Global Citizens Report says US’s 10-year high-net-worth population growth is forecast at 20%, China’s at 50%, Japan’s at 30%, while Canada’s high-net-worth population is expected to increase by 30% in the next 10 years.
See here for the detailed report.
