Particle.news
Download on the App Store
15 ARTICLES
·
yesterday

Global Millionaire Numbers Reach 60 Million as US Creates 1,000 New Wealthy Daily

A stable US dollar paired with strong stock market returns propelled US net worth to levels unseen elsewhere.

Image
Image
Image
The One World Trade Center building stands amid the Manhattan skyline in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo

Overview

  • There were about 60 million millionaires worldwide in 2024 holding a combined $226.47 trillion in assets, according to UBS’s Global Wealth Report.
  • The United States added roughly 379,000 new millionaires last year—an average of more than 1,000 people per day—accounting for nearly 40% of the global total.
  • Private individuals’ net worth rose 4.6% globally in 2024, led by an 11% gain in the Americas driven by currency stability and buoyant equity markets.
  • The United Kingdom saw its millionaire population shrink by about 437,000 in 2024 as household wealth fell 3.6%, one of the steepest declines among major economies.
  • UBS projects that over 5 million new millionaires will emerge worldwide by 2029, with the United States and Greater China expected to drive future gains.