Here's how rich you need to be to be among the wealthiest 1% in the US, UK, and China
You need to have a net worth of $12.4 million to be among the richest 1% of people in Monaco, according to a new study.shows how much net wealth you need to be ranked as part of the so-called"1%" in 25 countries. Monaco, which Knight Frank says has the world's densest population of super-rich individuals, tops the list.
In second place is Switzerland, but it's a big drop from Monaco. You need $6.6 million needed to make the top 1% in the Alpine country. Australia comes in third, at $5.5 million, followed by New Zealand at $5.2 million and the US at $5.1 million. In the UK it's $3.3 million. The highest-ranking Asian country is Singapore, where you need $3.5 million to be in the wealthiest 1%, just ahead of Hong Kong at $3.4 million. In Japan you need $1.7 million to make the cut, whereas in mainland China it's $960,000.Brazil tops the list for Latin America, with citizens requiring a relatively low $430,000 to be among its top 1%.
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