Overview

• Private individuals’ net worth in the United States rose by 11% in 2024, outpacing the global average increase of 4.6%.
• Over 379,000 Americans became new millionaires last year, averaging more than 1,000 additions per day including weekends.
• American residents now account for nearly 40% of the world’s approximately 24 million millionaires, exceeding the combined totals of Western Europe and Greater China.
• Strong US equity gains, including a 25% jump in the S&P 500, and a firm dollar underpinned the surge even as over 80% of adults worldwide hold less than $100,000 in net assets.
• UBS projects that an additional 5.3 million people will attain millionaire status by 2029, led by continued growth in the United States and Greater China.