The Surge of Millionaires: U.S. Leads the Charge in Wealth Growth
The United States experienced a significant increase in wealthy individuals, with over 379,000 new millionaires in 2024. A steady U.S. dollar and strong financial markets fueled a 4.6% global net worth rise. UBS projections suggest sustained wealth growth, notably in the U.S. and Greater China.
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In a remarkable surge, the United States witnessed the emergence of over 379,000 new millionaires in a single year, according to the 2025 Global Wealth Report by UBS. This constitutes more than a thousand new millionaires per day.
Globally, private net worth saw a 4.6% increase, powered by a stable U.S. dollar and buoyant financial markets. Notably, the Americas experienced an over 11% rise, with the U.S. contributing nearly 40% of global millionaires by 2024.
While high-net-worth individuals flourished, the vast majority of adults worldwide remained under a $100,000 threshold. However, UBS forecasts a continuing rise in average wealth per adult over five years, led by the U.S. and, to a lesser extent, Greater China.
(With inputs from agencies.)
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