Overview

• Worldwide, the number of individuals with at least $1 million in investable assets climbed 2.6% in 2024, driven by a 6.2% surge in those holding $30 million or more.
• The United States led all countries, minting 562,000 new millionaires as a strong equity market and favorable interest rates lifted domestic wealth by 7.6%.
• Europe’s millionaire ranks fell by 2.1% even as its ultra-rich segment grew 3.5%, and Latin America recorded an 8.5% drop amid currency declines and fiscal strains.
• High-net-worth investors have increased allocations to private equity, cryptocurrencies and other alternatives to 15% of their portfolios.
• Wealth advisers are preparing for a multitrillion-dollar shift, with 30% of high-net-worth individuals set to inherit by 2030 and 84% by 2040.