US EditionUS Added over 1,000 New Millionaires a Day Last Year, UBS Report Says
- UBS reported that in 2024, over 379,000 Americans became new millionaires, averaging more than 1,000 daily additions in the U.S.
- This surge followed strong U.S. financial market gains, including a 25% rise in the S&P 500 and stable U.S. dollar values.
- The report highlighted that nearly 40% of the world’s millionaires reside in the Americas, with continued growth in high-net-worth individuals above $30 million.
- UBS highlighted that the increase in wealth was predominantly concentrated in North America, largely due to steady U.S. dollar valuation and positive performance in financial markets.
- The findings suggest ongoing expansion of U.S. wealth, with UBS projecting over 5 million new millionaires worldwide by 2029 and continued dominance in global wealth.
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35 Articles
The U.S. Added Over 1,000 New Millionaires a Day in 2024. Here's How That Compares to the Rest of the World.
The U.S. averaged over a thousand new millionaires every single day in 2024, marking the greatest increase of any other nation. Read more about millionaires, here.
In the United States, 1,000 people will reach their first million-dollar earnings every day by 2024, investment bank UBS announced today.
America minted 1,000 millionaires a day in 2024 and it’s not slowing down
The United States saw its millionaire population surge in 2024, with approximately 1,000 new millionaires added each day, according to a report released on Wednesday, June 18. That rapid growth outpaced countries like China and those in Europe, reinforcing America's position as a global leader in personal wealth. Global Wealth Report shows influx of millionaires According to the Global Wealth Report by financial management firm UBS, more than 37…
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