US EditionUS gained 562K millionaires in 2024, far outpacing other countries
- Fidelity Investments reported 512,000 401 millionaires with an average balance of $1.6 million in early 2025 despite a nearly 5% drop from market volatility.
- This milestone follows a strong 2024 in which U.S. High-net-worth individuals grew nearly 8% in number and 9% in wealth, fueled by surging stock markets and tech-driven gains.
- The S&P 500 rose about 23% and the Nasdaq jumped 29% in 2024, led by the 'Magnificent Seven' tech companies, driving outsized returns for wealthy investors.
- Capgemini found U.S. Millionaires increased by 562,000 last year, a 7.6% rise, and noted affluent investors boosted equity exposure while cutting bond holdings in early 2025.
- These trends reflect a continuing build-up of U.S. Wealth and shifting investment practices amid an $83.5 trillion intergenerational wealth transfer expected by 2048.
17 Articles
17 Articles
US Adds 562,000 Millionaires as Global Wealth Climbs, Capgemini Finds
The United States produced more new millionaires than any other country in 2024, helping lift the global population of high-net-worth individuals (HNWIs) by 2.6 percent to 23.4 million, according to Capgemini’s World Wealth Report 2025, released this week. The firm defines HNWIs as people with at least $1 million in investable assets, excluding a primary home and collectibles. “The great wealth transfer will be a defining moment for the industry…
US gained 562,000 millionaires in 2024, far outpacing other countries
(NewsNation) — A strong stock market helped mint 562,000 new millionaires in the U.S. last year, according to a new report. The nation's high-net-worth population grew by 7.6% to 7.9 million in 2024, far outpacing the 2.6% global rise, Capgemini's World Wealth Report 2025 shows. That domestic surge helped push the number of millionaires worldwide to a record 23.4 million. High-net-worth individuals (HNWIs), defined as those with $1 million or mo…
America's Millionaire Count Took a Leap Last Year
America's seven-figure army grew more robust last year, according to Capgemini's 2025 World Wealth Report . The report, which logs the number of people around the globe with at least $1 million in investable assets excluding their primary residence, says the US gained 562,000 millionaires (or new high-net-worth individuals, aka...
The US gained 562,000 millionaires last year as the stock market soared
A booming stock market added more than half a million new millionaires in the US.Getty ImagesThe US added 562,000 new millionaires in 2024 amid a booming stock market.The S&P 500 and Nasdaq soared, with Nvidia alone driving 22% of the S&P's gains.Generational wealth transfer looms as Gen X, millennials, and Gen Z are set to inherit trillions.The US minted over half a million new millionaires in 2024, driven by strong equity markets and a favorab…
Coverage Details
Bias Distribution
- 80% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
