You're more likely to be a millionaire in Switzerland than anywhere else in the world. According to Credit Suisse, 15.6% of Swiss adults have seven-figure bank balances, meaning the European nation tops the list for yet another year.

Although the country accounts for just 0.1% of the world's population, its generous tax laws – which contribute to Switzerland's reputation as a tax haven – make it a highly desirable location for the super-rich.

Additional incentives for wealthy migrants could also perhaps help to explain why the number of millionaires in Switzerland increased from 1,035,000 to 1,099,000 between 2020 and 2022.

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