Norway has more millionaires, measured in US dollars, than any other country in the world in terms of its size. No other country has more dollar-millionaires per capita than Norway, Roger Gullqvist of Paris-based consulting firm CapGemini told newspaper Finansavisen. A new study compiled by CapGemini and Merrill Lynch showed that one out of every 86 Norwegians has more than USD 1 million (about NOK 5.8 million at current exchange rates) in net worth even when the net value of their primary residences is excluded. ‘When viewed in relation to the size of the population (around 4.6 million in Norway), there’s no other country that matches that level,’ Gullqvist said. Norway also has the largest number of dollar-millionaires of all the Nordic countries, which includes the three Scandinavian countries of Norway, Denmark and Sweden plus Finland and Iceland. The report counted a total of 54,810 dollar-millionaires in Norway, nearly 6,500 more than in Sweden even though Sweden’s total population is nearly double that of Norway’s. The number of dollar-millionaires in Norway rose 9.7 percent last year. That’s also a faster rate of growth than the world average of 8.3 percent and the European average […]
Thursday, July 12th, 2007
Norway Can Claim the Most Millionaires in the World
Author:
Source: Aftenposten Nettutgaven (Norway)
Publication Date: 11-Jul-07
Link: Norway Can Claim the Most Millionaires in the World
Source: Aftenposten Nettutgaven (Norway)
Publication Date: 11-Jul-07
Link: Norway Can Claim the Most Millionaires in the World
Stephan: You could win a lot of bar bets on this one. I certainly would not have named Norway, if asked.
It does give one pause, given that Norway also has universal health care, day care, and elder care, as well as a host of other social programs that collectively give Norway a higher quality of life than we enjoy in the U.S. And it does not seem to have hurt the economy, or stifled the rich.