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Where the World's Millionaires Live

By David de Jong - 2012-06-06T19:49:33Z

Photograph by Frederic Streicher/Gallery Stock

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5. Hong Kong

Population: 7.2 million
Percentage of millionaire households: 8.8%

Hong Kong is home to the largest number of billionaires and to about 212,000 millionaire households. The former British colony is, together with Singapore, East Asia's international hub for finance, trade, real estate and transportation. Hong Kong's economic growth slowed to 5 percent in 2011, with inflation rising by 5.3 percent. Hong Kong's, and Asia's, wealthiest man is Li Ka-Shing, who oversees the diversified conglomerate Hutchison Whampoa and real estate company Cheung Kong Holdings.

Data from: Boston Consulting Group and Bloomberg Billionaires