Prime Highlights:

• The United States added more than 379,000 new millionaires in 2024, strengthening its position as the world’s top wealth creator.
• Strong U.S. stock markets and steady property values continue to attract global investors and support household wealth growth.

Key Facts:

• The U.S. is home to around 24 million millionaires, accounting for nearly 40% of the world’s total.
• Worldwide, the number of millionaires has reached about 60 million, according to the UBS Global Wealth Report.

Background:

The United States remained the world’s top wealth creator in 2025, adding more than 379,000 new millionaires in 2024, according to the UBS Global Wealth Report. This means over 1,000 people became millionaires each day, taking the total number in the country to about 24 million.

The report shows that the U.S. is home to nearly 40 percent of the world’s millionaires, more than any other country. This growth is linked to strong financial markets, higher corporate earnings, and steady property prices.

UBS said U.S. stock markets outperformed many global markets, which helped increase household wealth. Home prices also stayed strong or rose in several areas, supporting overall wealth growth.

Worldwide, the number of millionaires increased to around 60 million. Mainland China ranked second with 6.3 million millionaires, after adding 141,000 last year. Turkey recorded the fastest growth rate, while Luxembourg and Switzerland had the highest concentration of millionaires, with more than one in seven adults falling into that category.

According to the report, millionaires worldwide control nearly $226 trillion, representing almost half of total global wealth. Within this group are 2,860 billionaires with a combined wealth of about $15.7 trillion. Among them is a small group of 15 centibillionaires, whose total wealth is estimated at $2.4 trillion.

The report also points to strong growth among so-called “everyday millionaires”, people with assets between $1 million and $5 million. Their numbers have risen sharply, from 12 million in 2000 to 52 million today, and together they now hold more wealth than all billionaires combined.

While some markets saw declines, including Japan, which lost about 33,000 millionaires, the United States continues to lead the world in creating wealth.

The report shows strong global demand for U.S. assets and confirms America’s leading role in wealth growth worldwide.

Read Also : Millions More Can Benefit from ‘Super-Powered Roth’ ABLE Accounts in 2026