Knight Frank’s Wealth Sizing Model, has revealed how much money individuals require in order to be among the top 1% of wealthiest in their countries.
The entry point for Monaco – the wealthiest nation – is a staggering $12.4 million (R241 million).
Rounding out the Top 5 are Switzerland $6.6 million (R128 million), Australia $5.5 million (R107 million), New Zealand $5.2 million (R101 million) and the United States $5.1 million (R99 million).
South Africa is among the poorer nations according to the report at 23rd of the 25 countries compared.
25 countries were compared
South Africans need a net wealth of $109 000 (R2.1 million) to be part of the select group of top 1% wealthiest in the country.
The infographic below shows the 25 countries Knight Frank’s Wealth Sizing Model compared and how much money (in US dollars) individuals need to be among the top 1%.
NOTE: Exchange rate used at time of publishing was R19.44/$
