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 Belfast Bulletin.

More Information

null in null

Northern Ireland

Section

Confused bot named Alyssia replaces human response on Iranian phones

British Iranians hear robotic voice on phone when calling Tehran

DUBAI, U.A.E.: British Iranians living in the U.K. are taken aback when they try to reach their families in Tehran on the phone and...

Assisted dying bill clears key hurdle in UK Parliament

UK Parliament backs assisted dying in historic vote

LONDON, U.K.: In a landmark moment for Britain, lawmakers in the House of Commons have voted in favour of legalising assisted dying,...

Bhatia 35th as Scheffler takes 3-way lead with Thomas, Fleetwood at Travelers

Cromwell [US] June 22 (ANI): Akshay Bhatia was tied-35th after a round of even par 70, which included an eagle in the Travellers Championship....

UK: Chinese student who drugged and raped 10 women sentenced to life in prison

London [UK], June 20 (ANI): A Chinese student who drugged and raped women in the UK and China was sentenced to life in prison on Thursday,...

AIFF condoles demise of former Vice President and Executive Committee member Atuo Mezhur

New Delhi [India], June 19 (ANI): The All India Football Federation condoles the death of former AIFF Vice President and Executive...

Court allows extradition of fugitive criminal to UK to face trial for sexual offence, rape

New Delhi [India], June 19 (ANI): Extradition court at New Delhi has allowed the extradition of a fugitive criminal (FC) to the United...

International

Section

UBS: Over 379,000 Americans became millionaires last year

Watch latest videos

News RELEASES

Northern Ireland

Confused bot named Alyssia replaces human response on Iranian phones

Assisted dying bill clears key hurdle in UK Parliament

Bhatia 35th as Scheffler takes 3-way lead with Thomas, Fleetwood at Travelers

UK: Chinese student who drugged and raped 10 women sentenced to life in prison

AIFF condoles demise of former Vice President and Executive Committee member Atuo Mezhur

Court allows extradition of fugitive criminal to UK to face trial for sexual offence, rape

International

Trump goes on social media to announce Israel-Iran ceaeefire

Confused bot named Alyssia replaces human response on Iranian phones

Brazil’s ex-president accused of leading illegal spy operation

Critics say Özdağ case aims to silence Erdogan opponents

Assisted dying bill clears key hurdle in UK Parliament

International law no longer a priority among Western leaders

Movie Review

Smile