December 4, 2022

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How much money do you need to be one of the richest 1 percent?

How much money do you need to be one of the richest 1 percent?

A report by real estate consultancy Knight Frank shows how much money it takes to be among the richest 1 percent in many countries.

Are you curious if you have as much wealth as the richest 1 percent? It depends on the country you call home. We can already say that these sizes are very different from each other. For example, you need more power in Monaco than in Kenya or India. And what about the Netherlands?

How much money do you need to count yourself among the richest 1 percent in different countries? These are the latest figures from 2021.

How much money do you need in different countries?

Real estate consultancy Knight Frank came together for this Wealth Statement Every year they publish how much money you need to be in the top 1 percent of the richest people in America and many other countries. The Netherlands is not among these, but the Central Bureau of Statistics (CBS) is These numbers Well done.

America

Not surprisingly, the US is one of the countries where you need a lot of wealth to be in the top 1 percent. According to research, it is about 4.4 million dollars in capital.

Monaco and Switzerland

There are only two countries where you need more money to count yourself among the richest 1 percent. Monaco is number one: you need $7.9 million in capital. In Switzerland, number two, 5.1 million dollars of capital is sufficient.

Kenya

You need very little wealth to be in the richest 1 percent in Kenya. At least, the countries included in the data analysis. With a capital of 20,000 dollars (17,000 euros) you can already count yourself in this group. A necessary reminder that you are richer than you think. India also hangs somewhere at the bottom of the list with a capital of 60,000 dollars (51,000 euros). However, according to the report, this will soon change: this number is predicted to almost double in five years.

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The richest 1 percent in the Netherlands

But what about the Netherlands? As requested Business Insider Statistics Netherlands has seen how high this number is in our country. According to the most recent statistics (2019), the richest 1 percent of the Netherlands need at least 2.2 million euros in assets to own.

Curious about the full list? Check it out Knight Frank’s report. Read more How much savings do the Dutch have on average? By age.

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How much money do you need to be one of the richest 1 percent?