Overview

• 379,000 Americans became millionaires in 2024, averaging over 1,000 per day and bringing the U.S. total to nearly 24 million
• Worldwide, individuals with $1 million to $5 million in assets grew to 52 million, collectively holding about $107 trillion
• Rising real estate prices and the U.S. stock market’s record year were the primary drivers of new wealth
• America’s top 20% of households control roughly 71% of national wealth, underscoring stark concentration
• An $83 trillion intergenerational wealth transfer expected over the next 20–25 years could reshape global markets