UBS Says 60 Million People Held US$1 Million in 2024 as Brazil Ranks in Top 20

Overview

• Brazil counts 433,000 millionaires, placing 19th globally and ahead of Russia, Mexico, Denmark, Norway, Saudi Arabia and Singapore.
• UBS reports 684,000 newcomers to the millionaire ranks in 2024, with total millionaire wealth reaching US$226.47 trillion.
• The United States leads with 23.83 million millionaires, followed by China with 6.32 million, reflecting strong gains in major markets.
• So-called common millionaires with US$1–5 million now number 52 million worldwide with US$107 trillion, while those above US$5 million hold US$119 trillion.
• UBS counted 2,891 billionaires at end-2024, compared with Forbes’ tally of 3,028 in early 2025, reflecting differences in timing and methodology.