Countries with most millionaires, 2013
HNW Millionaires in France
> Ultra-high net worth population: 4,490
> 1-yr. change: 9.5%
> 2012 GDP per capita: $35,548
> 2012 population: 66 million
> 2012 GDP: $2.3 trillion
France’s ultra-high net worth population jumped from 4,100 in 2012 to just under 4,500 this year. Meanwhile, the combined wealth of this group climbed from $475 billion to $525 billion. According to Wealth-X, Paris had 3,200 ultra-high net worth residents, more than any city in Europe except London. President Francois Hollande has been a proponent of high income taxes for the extremely wealthy. He previously proposed a 75% tax rate on personal income for the extremely wealthy, which would be by far the highest such rate in Europe. But after this tax was rejected by business leaders and in court, Hollande instead proposed taxing the companies paying such salaries.