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The U.S., with some 5.9 million millionaires, remains the unquestioned leader as the home of the most millionaires. However, the relative standings of other countries are changing largely because the developed world remains mired in subpar growth while emerging markets have prospered. China moved from a 5th place ranking in 2006 to 3rd in 2012 and is expected to edge ahead of 2nd place Japan. Spain and Belgium have disappeared from the top 15 ranking, replaced by Russia and India. This is a telling reminder that the fortunes of the wealthy are still tied to their domestic economies.

If you want to rub shoulders with millionaires, the place to go is Qatar where 14.6 out of every 100 households have financial assets of at least $1,000,000. If that does not quite suit your fancy, you might prefer Switzerland which hosts 11.6 millionaire households out of every 100. Although the U.S. remains home to the greatest number of billionaires, Hong Kong boasts the highest concentration of these uber-wealthy – 15.1 out of every million households.

BCG estimated that Canada had 373,000 millionaires in 2012 comprising 2.8 out of every 100 households. Considering that BCG defines millionaires the old-fashioned way – those having at least $1,000,000 in liquid financial assets – and leaves out the value of residences, vacation properties, and private businesses, this is not an inconsiderable number. Thanks to our stability during the global credit crisis and its aftermath, our standing in terms of the number of millionaires has improved greatly. In 2006, we ranked 15th but by 2012, we’d moved past the likes of France and Italy to a 6th place ranking.