US gained 1,000 new millionaires a day in 2024, says UBS

UBS: Over 379,000 Americans became millionaires last year

Anabelle Colaco
21 Jun 2025, 12:35 GMT+10

US gained 1,000 new millionaires a day in 2024, says UBS

The U.S. saw an extraordinary rise in wealth last year, with more than 1,000 people crossing into millionaire status every single day — over 379,000 in total — according to UBS’s 2025 Global Wealth Report released this week
The report found that private wealth worldwide rose by 4.6 percent in 2024, but the Americas far outpaced that trend with an 11 percent jump, fueled by a strong U.S. dollar and buoyant financial markets
In contrast, Greater China — defined as mainland China, Hong Kong, and Taiwan — dominated the mid-tier wealth category, with 28.2 percent of individuals globally holding a net worth between $100,000 and $1 million

ZURICH, Switzerland: The U.S. saw an extraordinary rise in wealth last year, with more than 1,000 people crossing into millionaire status every single day — over 379,000 in total — according to UBS's 2025 Global Wealth Report released this week.

The report found that private wealth worldwide rose by 4.6 percent in 2024, but the Americas far outpaced that trend with an 11 percent jump, fueled by a strong U.S. dollar and buoyant financial markets. The U.S. alone accounted for nearly 40 percent of the world's millionaires.

In contrast, Greater China — defined as mainland China, Hong Kong, and Taiwan — dominated the mid-tier wealth category, with 28.2 percent of individuals globally holding a net worth between $100,000 and $1 million. Western Europe followed with 25.4 percent, while North America came in at 20.9 percent.

Despite the surge at the top, the majority of people worldwide remained well below millionaire status. More than 80 percent of adults in the UBS sample had a net worth under $100,000, and just 1.6 percent met the millionaire threshold.

UBS forecasts that average wealth per adult will continue to climb over the next five years, with the U.S. leading the charge and Greater China following closely behind.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to BC Post.

More Information

null in null

International

Section

UBS: Over 379,000 Americans became millionaires last year

ZURICH, Switzerland: The U.S. saw an extraordinary rise in wealth last year, with more than 1,000 people crossing into millionaire...

The Hague faces lockdown for global leaders' meet

The Hague becomes fortress ahead of NATO summit

THE HAGUE, Netherlands: The city that prides itself on being a beacon of peace and justice—home to institutions like the International...

Drug shortages and layoffs spark health crisis in Argentina

Milei's austerity cuts cripple Argentina's public health system

BUENOS AIRES, Argentina: Since taking office in December 2023, Argentine President Javier Milei has implemented sweeping austerity...

Volcanic ash grounds flights to Indonesia, disrupts travel to Bali

Indonesia's Mount Lewotobi erupts, forcing village evacuations

LEMBATA, Indonesia: Indonesia's Mount Lewotobi Laki Laki erupted dramatically on June 18, generating substantial ash and smoke plumes....

REE misjudgment caused April blackout, says Spain's energy chief

Spain blames blackout on miscalculation by power grid operator

MADRID, Spain: A routine oversight by Spain's power grid operator, REE, has been identified as the trigger behind the large-scale blackout...

Trump gives himself a fortnight to decide on joining Netanyahu's war

Trump delays decision to go to war against Iran for two weeks

WASHINGTON, DC - In a bid to defuse speculation, U.S. President Donald Trump says he will make his decision on whether to have the...

Sports

Section

UBS: Over 379,000 Americans became millionaires last year

Watch latest videos

News RELEASES

International

UBS: Over 379,000 Americans became millionaires last year

The Hague faces lockdown for global leaders' meet

Drug shortages and layoffs spark health crisis in Argentina

Volcanic ash grounds flights to Indonesia, disrupts travel to Bali

REE misjudgment caused April blackout, says Spain's energy chief

Trump gives himself a fortnight to decide on joining Netanyahu's war

Sports

From Delhi slum to standout performances at RPL, Hyderabad Heroes' Javed Hussain has an inspiring story to tell

Ishwar Pandey believes Jasprit Bumrah can play all five Tests in England

Esperance claims first Arab victory, Bayern Munich secures FIFA Club World Cup qualification

RPL 2025: Hyderabad Heroes remain unbeaten, tops points table

(SP)U.S.-PHILADELPHIA-FOOTBALL-FIFA CLUB WORLD CUP-GROUP D-CR FLAMENGO VS CHELSEA

(SP)U.S.-MIAMI-FOOTBALL-FIFA CLUB WORLD CUP-GROUP C-BAYERN MUNICH VS CA BOCA JUNIORS

Movie Review

Head [Blu-Ray]