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24/7 Wall St: 10 Countries With the Most Millionaires

4. United Kingdom

Millionaire Households: 570,000
Ultra High Net Worth Households: 738
GDP (millions of USD): 2,247,455 (6th highest)

Although the United Kingdom has large coal, gas, and oil resources, its main sources of GDP are services such as insurance, banking and business services. The number of millionaires increased dramatically after the Labour Party came into power in 1997 and enacted tax cuts, according to the Telegraph. The wealthy in the UK now range from Virgin CEO Richard Branson, to steel magnate Lakshmi Mittal, to Queen Elizabeth.
(iStock Photo)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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