How much money do you need to have to be considered rich in the US, China and the Emirates

You need to own a net worth of $12,4 million to be among the top 1% in Monaco, according to a new study. How much money do you need to have to be among the rich in other countries, the publication said Business Insider.

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Data from real estate consultancy Knight Frank's Wealth Sizing Model shows how much net worth you need to hit the so-called "1%" in 25 countries. Monaco, which Knight Frank says has the world's densest population of super-rich people, tops the list.

Switzerland is in second place - you will need $6,6 million to enter the top 1% of the richest in this country.

Australia is third with $5,5 million, followed by New Zealand with $5,2 million and the United States with $5,1 million. In the UK, the figure is $3,3 million.

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In Asia, a similar list is headed by Singapore, where $3,5 million is needed to get into the richest 1%. Hong Kong follows immediately after with $3,4 million. In Japan, this requires $1,7 million, and in mainland China - $960.

In the Middle East, the UAE tops this list. There, if you have $ 1,6 million, you will be ranked among the 1% of the richest people in the country.

Brazil tops the list for Latin America, where citizens require a relatively small amount of just $430 and you're in the top 000%.

Monaco is smaller than Central Park, but full of millionaires

The area of ​​Monaco is only 0,78 square meters. miles (2 sq. km), which makes it the second smallest independent state in the world. The European country borders only France and the Mediterranean Sea. But, despite its tiny size, it is densely populated - as of December, the population of Monaco was about 39 people.

The Mediterranean climate, plenty of glamorous events and low taxes, including no income tax, have helped the country become an enclave for some of the world's richest people.

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In 2021, Monaco had the world's highest gross domestic product per capita at $234, ahead of Liechtenstein at $317, Luxembourg at $169 and Bermuda at $260, according to UN data.

According to forecasts, by 2026 Monaco will have 255 people with a fortune of more than $30 million and about 40 people with a fortune of more than $000 million.

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