Published by Ammy Vo Thursday, December 28, 2017

A new international report on wealth worldwide found the number of millionaires in the United State has hit an all-time high.

Financial services company Credit Suisse recently released its annual report on the state of global wealth and found some 1.1 million new millionaires were created in the U.S. in 2017. The increase raises the total number of millionaires in the U.S. to about 15,356,000,according to Time. That's roughly one in every 20 Americans.

But while the U.S. now boasts "by far the greatest number of millionaires" and Americans account for roughly 43 percent of the world's total millionaires, the country trails in the report's broader, global assessment of median wealth.

Credit Suisse notes that countries with lower levels of wealth inequality see higher median wealth per adult. As a result, Switzerland is the No. 1 country for median wealth, followed by Australia and Belgium, respectively. The U.S., which is known for its substantial gap between the rich and the poor, lands alongside Australia and Greece at No. 21 with a median wealth of $55,900.

The top 10 countries for median wealth are ranked below, and a full analysis of countries' wealth can be found here

Country

Median wealth rank

Median wealth in USD ( Rounded)

Switzerland

1

$229,000

Australia

2

$195,400

Belgium

3

$161,000

New Zealand

4

$147,600

Norway

5

$130,500

Italy

6

$124,600

Japan

7

$123,700

France

8

$119,700

Singapore

9

$108,900

United Kingdom

10

$102,600 

Source:  Megan Trimble