One in Three Monaco Residents Are Millionaires
More than 12,000 of Monaco’s 39,000 residents are millionaires, roughly one in three people. That astonishing ratio makes the Principality the undisputed leader in millionaire density worldwide. According to New World Wealth, this number has been climbing steadily, and recent estimates for 2025 suggest that over 40% of Monaco’s population now qualifies as millionaires, with an average personal wealth exceeding $20 million per resident. No other country comes close: Monaco stands apart not only from Switzerland, Singapore, and the United States, but also from every other global wealth hub.
This unique concentration of affluence explains why Monaco has become the world’s ultimate wealth enclave — a place where millionaire status is not the exception, but the norm.
Monaco’s Unique Wealth Density Compared Globally
Monaco is not only remarkable for the share of millionaires among its residents, but also for the unprecedented concentration of wealth in such a small territory. With fewer than two square kilometers, the Principality compresses more high-net-worth individuals per square meter than any other place on earth. By contrast, Zurich and Geneva, two of Europe’s traditional banking capitals, count around 24% and 18% millionaire residents respectively, while most countries remain in the single digits.
This intensity of affluence per square meter is unmatched. Walking through Monte Carlo’s streets and marinas, one is literally surrounded by concentrated wealth in daily life. It is this density, even more than the raw numbers, that underpins Monaco’s reputation as the world’s ultimate playground for the rich.
Monaco’s prosperity is not only about millionaire prevalence, but also about the sheer scale of individual fortunes. According to Monaco in Figures 2025 from the IMSEE, the average resident’s net worth surpasses $20 million, one of the highest figures globally. This is far beyond the already striking GDP per capita of around $165,000, showing how private assets extend far above income measures.
While averages are skewed by ultra-rich residents, even the median Monegasque household sits close to millionaire status, a rare reality worldwide. In this environment, the concept of a “middle class” is relative: sustaining a comfortable life in Monaco still demands significant wealth.
At the top end, Monaco also leads in billionaires per capita. At least three Forbes-listed billionaires officially reside here, about one for every 13,000 inhabitants, an unrivalled ratio. Figures like Sir Jim Ratcliffe, founder of Ineos (≈$16 B), and Stefano Pessina, Walgreens Boots Alliance chief (≈$12 B), exemplify the elite choosing Monaco as their base. Their presence illustrates why the Principality is not only a magnet for millionaires, but a global hub for ultra-wealthy individuals.
Monaco vs Other Wealthy Nations
Millionaire Density Compared
Monaco’s millionaire share is unmatched, leaving even the wealthiest nations behind. Switzerland, that we already compared to Monaco for example, counts about 15% of adults above the million-dollar mark, while the United States, home to the largest number of millionaires globally, reaches only 8.5%. Advanced economies such as Japan, Germany, and France remain in the single digits, and hubs like Singapore or Hong Kong hover around 10%.
The comparison must be put into perspective: Monaco has fewer than 40,000 residents, and its aggregate economy is modest compared to global powers. Yet it is precisely this concentration of affluence in such a small territory that creates a distinctive environment. Luxury real estate, services, and private finance thrive on density rather than scale, making Monaco a laboratory of wealth concentration.
On a per-capita basis, the Principality also stands out. Independent studies from Wealth-X (for Wikipedia) estimate the average net worth per resident at over $10 million. However, Monaco in Figures 2025, published by the IMSEE, suggests a figure closer to $20 million, a calculation considered more representative of the local economic reality. Either way, Monaco surpasses small but affluent states like Luxembourg or Liechtenstein.Even countries with high millionaire prevalence, such as Australia (~10%), remain far behind.
The pattern is even more pronounced among ultra-high-net-worth individuals (UHNWIs). In 2025, Monaco counted roughly one resident worth over $30 million for every 39 people, an extraordinary ratio. Larger hubs like London or New York host far more wealthy individuals in absolute numbers, but cannot match Monaco’s density. It is this unique concentration, rather than sheer economic size, that secures its reputation as the world capital of affluence.
Living Among Monaco’s Wealthy Few
For anyone wondering just how wealthy Monaco truly is, the answer lies not only in statistics but in the daily life of the Principality. Step into Monte Carlo and the atmosphere is unmistakable: supercars glide past designer boutiques, yachts worth hundreds of millions line the harbor, and penthouses are owned by global entrepreneurs, financiers, and even Formula 1 champions who have made Monaco their home. It is a stage where affluence is lived openly, and where every corner breathes exclusivity.
At Petrini Exclusive Real Estate Monaco, we accompany these individuals in finding their residence in the Principality. Our team not only rents and sells apartments, but also manages properties on behalf of our clients, offering a complete service tailored to life in Monaco. If you are considering settling here, we are by your side to make the process seamless — from securing the right apartment to assisting with all residency formalities. With the most comprehensive real estate website in Monaco, we provide both the information and the guidance needed to turn the dream of living in the Principality into reality.
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