US EditionUS Added over 1,000 New Millionaires a Day Last Year, UBS Report Says
- In 2024, the United States saw the creation of more than 379,000 new millionaires, averaging roughly a thousand individuals attaining millionaire status each day across the country.
- This surge followed strong financial market returns, including a 25% S&P 500 gain and rapid real estate appreciation, boosting wealth creation in the U.S.
- In 2024, the global population of individuals achieving millionaire status increased by 680,000, contributing to the total of 52 million everyday millionaires worldwide—a figure that has grown more than fourfold since 2000—who collectively hold $107 trillion in wealth.
- UBS projects net worth growth will continue, expecting 5.34 million more people to become millionaires by 2029 and highlights the potential impact of an $83 trillion wealth transfer to heirs.
- This wealth expansion reinforces the U.S. as home to nearly 40% of the world’s millionaires and suggests ongoing dominance in personal wealth fueled by stable currency and financial market strength.
27 Articles
27 Articles
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…
The US minted 1,000 new millionaires every day last year
The number of American millionaires spiked in 2024. Gary Hershorn/Getty ImagesUBS released its latest global wealth report on Wednesday, detailing wealth trends in 2024. America saw an increase of nearly 380,000 millionaires last year. That's more than other major economies like China, which added 141,000 millionaires. The ranks of US millionaires grew rapidly in 2024. Each year, UBS releases a comprehensive analysis of household wealth across t…
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