Here’s How Much Wealth You Need to Join the Richest 1% Globally
- It takes $12.4 million to join Monaco’s wealthiest group
- The US, by comparison, requires $5.1 million to make the cut
If you want to join Monaco’s richest 1%, you’ll need an eight-figure fortune.
It takes $12.4 million to make the cut in the tiny Mediterranean principality, according to research from Knight Frank, where billionaire residents such as UK industrialist Jim Ratcliffe and Walgreens Boots Alliance chairman Stefano Pessina typically don’t face income or capital gains taxes.