The United States saw an unprecedented increase in personal wealth last year, with more than 379,000 individuals joining the ranks of U.S. dollar millionaires—translating to roughly 1,000 new millionaires every day, according to the 2025 Global Wealth Report from UBS.
The U.S. now accounts for nearly 40% of the world’s millionaire population in 2024.
Globally, individual net worth rose by 4.6% in 2024, while the Americas posted an even sharper climb of more than 11%. UBS attributes the outsized gains to a robust U.S. dollar and buoyant financial markets.
In 2023, Europe, the Middle East, and Africa had spearheaded the global wealth recovery after declines in 2022, but the baton has now passed back across the Atlantic.
In the realm of emerging affluence, Greater China—encompassing mainland China, Hong Kong, and Taiwan—held the largest share of people with net worths between $100,000 and $1 million, at 28.2%. Western Europe and North America followed, accounting for 25.4% and 20.9%, respectively.
Despite the swelling ranks of high-net-worth individuals, the report highlights ongoing global wealth divides: over 80% of adults in UBS’s survey held assets below $100,000. Just 1.6% of the world’s adult population qualifies as a millionaire.
Looking ahead, UBS projects that the average wealth per adult will continue to rise over the next five years, with growth anticipated to be strongest in the U.S. and, to a lesser extent, Greater China.
