You need that much money to belong to the richest 1 percent

Look for a bigger piggy bank. You need that much money to be counted among the 1 percent.

Our financial life goals remain modest for now. Before we make an attempt to belong to the list of all billionaires in the Netherlands – or Belgium – we must first be part of the illustrious 1 percent club. But how much does such a pricey membership cost?

The richest 1 percent per country

The 1 percent club rose to near-infamous status during the global financial crisis of 2008. But the wealth required to join their ranks varies widely from country to country. While the 1 percent can be considered the pinnacle of excess, the price of club entry falls well below the definition of a so-called ultra high net worth individual. Also called a person with a net worth of more than $30 million. As explained earlier, the greatest concentration of this UHNWI is unsurprisingly found in Monaco. And the Prince State once again takes the cake.

According to an annual report by Knight Frank, a global consulting firm and major real estate player, the amounts below are each country’s minimums to be among the local wealthy ultra-elite. Thanks to the European allies, you can get an idea of ​​how much the registration fee costs in the Netherlands.

Country Membership
1%Club
Monaco €11.5 million
Switzerland €6.1 million
Australia €5.1 million
New Zealand €4.8 million
United States €4.7 million
Ireland €4 million
Singapore €3.2 million
France €3.2 million
Hong Kong €3.1 million
United Kingdom €3 million
Italy €2.4 million
Spain €2.3 million
Japan €1.5 million
UAE €1.5 million
China €890K
Czech Republic €810K
Saudi Arabia €680K
Romania €540K
Malaysia €450K
Brazil €400K
Mexico €350K
India €160K
South Africa €100K
Philippines €52K
Kenya €18K

Once your fortune has been funneled to Kenya, also check out the best countries to retire in these days. Or find out how much you need to save in the Netherlands to enjoy your old age without financial worries.

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You need that much money to belong to the richest 1 percent

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