12 Key Countries Adding Millionaires At Fastest Rate Between 2023 and 2028

Taiwan (47% Growth)

Taiwan leads the global ranking in millionaire growth, with a projected 47% increase by 2028. The country’s strong tech industry, especially in semiconductors, has driven substantial wealth creation. Taiwan’s global leadership in electronics manufacturing and exports continues to attract foreign investments, contributing to this rapid growth in millionaires.

Türkiye (43% Growth)

Türkiye is expected to see a 43% increase in its millionaire population. The country’s strategic location as a gateway between Europe and Asia, combined with a growing tech and real estate market, has spurred wealth accumulation.

Kazakhstan (37% Growth)

Kazakhstan’s 37% growth in millionaires is driven by its vast natural resources, including oil, gas, and minerals. The countrys expanding energy sector, coupled with investments in infrastructure and regional trade, has resulted in significant wealth growth.

Indonesia (32% Growth)

Indonesia’s rapid economic growth, particularly in e-commerce, manufacturing, and natural resources, is expected to lead to a 32% rise in millionaires by 2028. The growing middle class and increased foreign investment in sectors like tech and tourism are driving wealth accumulation.

Japan (28% Growth)

Japan, with a projected 28% growth in millionaires, continues to benefit from its advanced technology and manufacturing sectors. Japan’s leadership in robotics, AI, and high-tech exports has driven consistent wealth growth.

South Korea (27% Growth)

South Korea is expected to see a 27% rise in millionaires by 2028. The country’s dominance in technology, electronics (Samsung, LG), and entertainment (K-pop, films) industries has spurred wealth creation.

Israel (26% Growth)

Israel, known for its high-tech startups and innovation-driven economy, is projected to grow its millionaire population by 26%. The country’s advancements in cybersecurity, fintech, and medical technology are key drivers of wealth.

Mexico (24% Growth)

Mexico’s economy, benefiting from its proximity to the U.S., strong manufacturing sector, and trade agreements, is expected to grow its millionaire population by 24%. The countrys focus on automotive, aerospace, and oil industries, combined with a rising middle class.

Thailand (24% Growth)

Thailand is set to see a 24% growth in its millionaire population by 2028. The countrys tourism industry, which is recovering post-pandemic, along with growing sectors in agriculture, manufacturing, and real estate, drives wealth creation.

Sweden (22% Growth)

Sweden’s wealthy population is expected to grow by 22% over the next five years. The country’s strong tech sector, especially in fintech and green technologies, along with a highly developed welfare state, contributes to this growth.

India (22% Growth)

India’s rapid digital transformation, coupled with a growing middle class and expanding startup ecosystem, is expected to lead to a 22% growth in millionaires. India’s booming tech industry, led by unicorn startups and an expanding economy, provides significant opportunities for wealth accumulation.

Brazil (22% Growth)

Brazil’s natural resource wealth, especially in agriculture and energy, along with a recovering economy, is expected to increase its millionaire population by 22%. Brazil’s export-driven sectors, including soybeans, oil, and meat, play a key role in driving wealth creation.