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US Added over 1,000 New Millionaires a Day Last Year, UBS Report Says
UNITED STATES, JUN 18 – The US led global wealth growth in 2024 with over 379,000 new millionaires, driven by strong stock markets and a stable dollar, representing nearly 40% of global millionaires, UBS reported.
- The United States added more than 379,000 new millionaires in 2024, averaging over 1,000 daily, leading global wealth growth.
- This surge followed rapid financial market gains, including a 25% rise in the S&P 500 and strong real estate appreciation earlier this decade.
- According to UBS’s 2025 analysis of global wealth, there are now 52 million Everyday Millionaires—individuals with assets ranging from $1 million to $5 million—who collectively hold $107 trillion worldwide.
- Approximately 40% of global millionaires reside in the U.S., whose wealth rose over 11% in 2024, while nearly 3,000 individuals held assets exceeding $1 billion by year-end.
- These trends emphasize growing wealth concentration in North America and foreshadow continued U.S. leadership in personal wealth expansion in coming years.
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·United States
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A report reveals that more than 379,000 people achieved millionaire status in the US during 2024, thanks to the boom in financial markets
Coverage Details
Total News Sources68
Leaning Left7Leaning Right7Center15Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 24%
C 52%
R 24%
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