Where the World's Millionaires Live

By Nikhil Hutheesing - 2013-05-30T16:00:09Z

Photograph by Jorg Greuel

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12. Belgium    

Population: 10.4 million
Percentage of millionaire households: 3.2%

Investors often worry that Belgium is highly vulnerable to the spillover from the euro zone crisis. They have good reason: Public debt hovers around 100 percent of gross domestic product. The economy isn’t doing that well, either: In May, the International Monetary Fund noted that Belgium faces close to zero growth in 2013 and that the country needs to step up exports. There were 149,000 millionaire households here in 2012. Belgium's richest citizen is Albert Baron Frère, owner of the closely held conglomerate Compagnie Nationale a Portefeuille, whose diversified holdings stretch from oil to media.

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