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The United States now accounts for nearly 40% of the world’s millionaires, despite comprising just 4% of the global population, according to the 2025 UBS Global Wealth Report. This stark disparity underscores the rapid pace at which America continues to generate wealth, even as global economic conditions evolve.
The report, covering wealth distribution across more than 50 markets, reveals that global personal wealth surged by 4.6% in 2024, marking a steady increase from 4.2% in 2023. The rebound follows a downturn in 2022 and reflects a broader recovery in global asset values. However, the growth remained uneven across regions.
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The U.S. led the surge with an addition of 379,000 new millionaires in 2024—an average of over 1,000 every day—bringing its total millionaire count to nearly 24 million. This figure surpasses the combined total of millionaires in Western Europe and Greater China.
Globally, more than 680,000 individuals crossed the millionaire threshold in 2024, representing a 1.2% increase. Türkiye and the United Arab Emirates posted the highest relative growth in millionaire numbers, rising 8.4% and 5.8%, respectively.
Mainland China added 141,000 millionaires, while India saw 39,000 new entrants to the club, highlighting ongoing shifts in wealth concentration within Asia. Altogether, the global millionaire population now stands at nearly 60 million, collectively holding assets worth approximately $226.47 trillion.
These figures reinforce the U.S.'s outsized role in global wealth dynamics, even as emerging markets register rapid gains.