Many of the world’s wealthiest individuals carefully select where to reside to maximize their wealth, ensure high political and economic security and enjoy an enviable lifestyle.
With this in mind, here are three of the world’s most politically stable countries that boast high levels of wealth, security, and luxury offerings that entice some of the world’s wealthiest individuals.
Top 3 most politically stable countries
The United States in North America
- Highest global population of UHNWIs and billionaires
- Superb political and economic stability
- Global economic powerhouse
- Ranks first on the Global Fire Power Index
- Affluent neighborhoods ensure an exceptional quality of life
- Federal constitutional republic
The United States is considered one of the richest countries in the world per capita and is a top country for UHNWIs and billionaires. According to the 2022 Wealth-X World Ultra Wealth Report, there are 121,465 UHNWIs residing in the US with a combined wealth of $13.404 billion. The US is also home to more billionaires than any other country, with the world’s wealthiest billionaires, including Mark Zuckerberg, Bill Gates, Jeff Bezos, and Elon Musk, all being American citizens.
As one of the world’s richest countries, it will come as no surprise that the US boasts high political security. The US boasts multiple memberships and alliances that help bolster its economic might, including NATO, the United Nations, the World Trade Organization, the G7 and G20, and the Organization for Economic Cooperation and Development. It also has one of the world’s largest armies, with over 1.3 million active military personnel. The US ranks first on the Global Fire Power Index, which ranks 145 countries by their military strength based on the number of military units, financial standing, and logistical capabilities.
According to Statista, the violent crime rate in the US was 395.7 cases per 100,000 population in 2021; however, this figure varies by state and city, with affluent neighborhoods boasting low crime rates and an exceptional quality of life.
The US is governed as a federal constitutional republic with a two-term limit elected President and separation of powers among three independent branches of government: the legislative branch, Congress; the executive branch, headed by the President; and the judicial branch, headed by the Supreme Court.
Monaco in Europe
- One of the wealthiest countries in Europe
- More than 30% of the population are millionaires
- Favorable tax regime
- Most expensive real estate market in the world and a luxury lifestyle
- Customs union with France and an associate member of Schengen Area
- Safest country in the world, according to Global Risk Index
- Sovereign State
Despite being one of the smallest countries in the world – second only to the Vatican – Monaco is considered one of the most politically secure and wealthiest countries in Europe and has long been considered one of the best countries for the rich to live. Indeed, more than 30% of the population are millionaires, and many are multi-millionaires and billionaires.
The country’s favorable tax regime, luxury offerings, and desirable location along the Cote d’Azur all add to its appeal. Its diminutive size makes it one of the most densely populated countries globally. This, in addition to its appeal, also means Monaco is home to the world’s most expensive real estate, with the average price per square metre costing more than 50,000 Euros. Despite the eye-watering prices, Monaco real estate is highly sought-after, and properties rarely stay on the market for long.
Despite its location in the heart of Europe, Monaco is not a member of the EU. However, it maintains a special relationship with the EU via various agreements. Monaco also has a customs union with France and is an associate member of the Schengen Area, which allows for the free movement of people within the Schengen Zone, helping to maintain its position as one of the most politically stable countries. And, while Monaco doesn’t have an army, it does have one of the lowest crime rates in the world, with a large police force that numbers around one police officer for every 70 inhabitants. Indeed, the Global Risk Index named it the safest country in the world.
The country is a sovereign state and has been ruled by the Grimaldi family for more than 700 years. Monaco is currently ruled by Prince Albert III, who is the monarch and head of state.
Singapore in Asia
- One of the world’s highest per capita GDP
- Boasts the highest level of economic development in Asia
- Global financial centre and low tax rates
- Multiple memberships and alliances, including UN and WTO member
- World’s third safest city
- Parliamentary republic
Singapore has long been a sought-after destination, with the world’s wealthiest individuals seeking to reside in Asia. According to Statista, in 2021, there were more than 4,000 UHNWIs living in Singapore and 526,000 millionaires. The country has the highest level of economic development in Asia and has a higher per capita GDP than the US. It is consistently ranked as one of the world’s wealthiest countries, thanks partly to its status as a global financial centre and low tax rates.
Singapore boasts several strategic memberships and alliances. It is a member of ASEAN – the Association of Southeast Asian Nations – the United Nations, the World Trade Organization, and the Asia-Pacific Economic Cooperation – ensuring economic and political security. Singapore has a reputation for its zero tolerance on crime, leading the country to have one of the lowest global crime rates. In 2021, Singapore was ranked the third safest city in the world on the Safe Cities Index. Singapore is rated 29 out of 145 for its military strength by the Global Fire Power Index.
Singapore is a parliamentary republic practicing a modified version of the Westminster Parliamentary system. The People’s Action Party has been in power since 1959. It is headed by Lee Hsien Loon, Singapore’s prime minister since 2004.
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