The country where one-third of its residents are millionaires

If you want to walk around and meet millionaires, head to Monaco - home to the highest density of millionaires in the world.

Following Monaco are the Swiss cities of Zurich and Geneva, with 25% and 20% of residents being millionaires, respectively, according to the latest survey by Wealth Insight and Spear's magazine. The survey only counted people with assets of $1 million or more, excluding the value of their primary residence.

"Monaco continues to produce more millionaires, at a higher density than anywhere else. Compared to the ranking two years ago, the number of millionaires here has increased by 6%. There are privileges here that only the super-rich can reach," said Oliver Williams, an analyst at Wealth Insight.

One in three people in Monaco is a millionaire. Photo: A Nurturing Moment

New York is the only non-European city in the global top five, with one in 21 residents being millionaires. It comes in fourth.

London moved up one spot in the list to fifth, with a ratio of one in 29. Europe dominates the list, with seven cities in the top 10. Oslo (Norway) is sixth, Hong Kong (China) is seventh, Frankfurt (Germany), Singapore and Amsterdam (Netherlands) take the remaining three spots.

Dublin (Ireland) ranked 13th globally. According to analysts, this is quite surprising. "Dublin has a high density of millionaires compared to many other European capitals. Most of them got rich thanks to technology. Dublin is attracting talent in this industry from all over Europe and the US," Williams commented.

According to VNE