US Added Over 1,000 Millionaires a Day Last Year—More Than Elsewhere, UBS Says
The U.S. added over 1,000 millionaires a day last year, more than in any other market globally, according to a UBS report out Wednesday.
The Global Wealth Report 2025 from UBS noted that mainland China, in contrast, added over 380 U.S.-dollar millionaires a day last year.
UBS said that in 2024, North America led wealth growth, driven by a "stable US dollar and upbeat financial markets."The U.S. added over 1,000 millionaires a day last year, more than in any other market globally.
That's according to the Global Wealth Report 2025 from UBS, which noted that mainland China, in contrast, added over 380 U.S.-dollar millionaires a day in 2024. Collectively, the two areas are home to more than half of the personal wealth in the 56 global markets analyzed in the report.
"In 2024 wealth growth was tilted strongly towards North America, driven by a stable US dollar and upbeat financial markets," UBS said.
The U.S. was also home to the largest number of millionaires globally in 2024 with nearly 24 million, exceeding Western Europe and Greater China combined, the Swiss bank said.
"Over the next five years, we expect North America and Greater China to be the main drivers of global wealth growth,' UBS said.
Switzerland and Luxembourg have the highest density per capita of U.S.-dollar millionaires, according to UBS. In those countries, more than 1 in 7 adults is a millionaire, per the report.
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