Over 379,000 in US became dollar millionaires last year, equivalent to more than 1,000 every day
Private individuals' net worth rose 4.6% worldwide, and by over 11% in the Americas, driven by a stable U.S. dollar and upbeat financial markets, the report found.
What does the USB report found?
The UBS
Global Wealth Report 2025
shows that global wealth grew by 4.6 per cent in 2024, after a 4.2 per cent increase in 2023, continuing a consistent upward trend.
The Americas overall accounted for the majority of the increase, with more than 11 per cent, driven by a stable dollar and buoyant financial markets, the report reveals. Asia-Pacific (APAC) and Europe, the Middle East and Africa (EMEA) were lagging behind, with growth rates of below 3 per cent and less than 0.5 per cent respectively. This is in marked contrast to 2023 when the rebound in wealth was led most strongly by growth in EMEA.
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The US and mainland China also jointly account for more than half of the entire personal wealth in the sample. A significant gap in wealth per adult persists between North America and Oceania on the one hand, and the world's other sub-regions on the other, the report reveals.
The number of millionaires worldwide, measured in U.S. dollars, increased by 1.2% in 2024—adding over 684,000 people compared to the previous year. The United States alone contributed more than 379,000 new millionaires, averaging over 1,000 a day. According to the report, the U.S., mainland China, and France recorded the highest numbers of millionaires, with the U.S. making up nearly 40% of the global total.
This year's report also shines a spotlight on a rapidly growing yet often overlooked group: the
Everyday Millionaires
, or 'EMILLIs'—individuals with investable assets ranging from $1 million to $5 million. Since 2000, the number of EMILLIs has more than quadrupled, reaching approximately 52 million worldwide by the end of last year.
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Collectively, this segment now holds about $107 trillion in wealth—nearing the $119 trillion owned by individuals with over $5 million in assets. The expansion of this group has been largely fueled by rising property values and favorable exchange rate shifts. Despite regional variations, the steady global growth of the Everyday Millionaire population remains a clear trend.
The report also highlights differences in wealth distribution among generations in
US Millennials
(born after 1981) which have the highest proportion of their assets in consumer durables and real estate, and invest more heavily in private businesses. Baby Boomers (born between 1946 and 1964) hold over $83 trillion in net wealth, surpassing Generation X (born between 1965 and 1980), the Silent Generation (born before 1945), and Millennials.
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