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How much money you need to be in different countries' richest 1% of people

How much it really costs to be wealthy
Kenya: $20,000 (£16k)
Philippines: $57,000 (£45.7k)
South Africa: $109,000 (£87.5k)
India: $175,000 (£140.6k)
Mexico: $383,000 (£307.2k)
Brazil: $433,000 (£345.8k)
Malaysia: $485,000 (£386.7k)
Romania: $587,000 (£468.2k)
Saudi Arabia: $740,000 (£590k)
Czechia: $880,000 (£701k)
Mainland China: $960,000 (£764.8k)
UAE: $1.6 million (£1.28k)
Japan: $1.7 million (£1.35m)
Spain: $2.5 million (£1.9m)
Italy: $2.6 million (£2.07m)
UK: $3.3 million (£2.6m)
Hong Kong: $3.4 million (£2.7m)
France: $3.5 million (£2.8m)
Singapore: $3.5 million (£2.8m)
Ireland: $4.3 million (£3.4m)
USA: $5.1 million (£4.06m)
New Zealand: $5.2 million (£4.1m)
Australia: $5.5 million (£4.4m)
Switzerland: $6.6 million (£5.3m)
Monaco: $12.4 million (£9.87m)
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North Monaco/Shutterstock

How much it really costs to be wealthy

The threshold to join the ranks of a country's most affluent 1% differs dramatically around the globe, according to international property adviser Knight Frank. The firm has used its Wealth Sizing Model to calculate exactly how much wealth you need to access this exclusive group depending on where you are on the planet – and the results may surprise you.

Starting with the lowest threshold, read on as we reveal the minimum amount required in 25 select countries and territories around the world. All dollar amounts in US dollars. 

HNWIs (high net worth individuals) – those worth $1 million (£800.8k) or more
UHNWIs (ultra-high net worth individuals) – those worth $30 million (£23.9m) or more

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lovemoney staff

12 June 2023

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