UBS: Nearly 1 Million New Millionaires in 2024-2025; US Leads with 441,078, China Adds 14,000
According to the UBS Global Wealth Report, nearly one million people crossed the $1 million wealth threshold in 2024-2025, with growth uneven across countries. The United States added 441,078 millionaires, more than ten times the second-ranked United Kingdom's 43,139, and accounted for nearly half of the global increase. China added over 14,000, while Japan and India each added over 31,000. European nations featured prominently, with six in the top ten.
In 2025, nearly one million people worldwide crossed the $1 million wealth threshold, but growth was unevenly distributed across countries. Thirty-one countries recorded the largest increases in millionaires between 2024 and 2025, with the United States adding 441,078, more than ten times the second-ranked United Kingdom's 43,139. The US accounted for nearly half of the global increase.
The US added 441,078 millionaires in one year, over ten times the UK's 43,139. This accounted for nearly half of the global increase, reflecting broad household investment participation and strong equity market performance.
Several European countries ranked high, with the UK, France, Spain, Italy, Germany, Ireland, Switzerland, Poland, Greece, Hungary, Latvia, and Lithuania all in the top 31. The UK ranked second with over 43,000 new millionaires; France and Spain each added over 30,000. Six European countries made the top ten, indicating that wealth growth was widespread across major economies.
Japan and India each added over 31,000 millionaires, South Korea over 20,000, and China over 14,000. Taiwan, Singapore, and the Hong Kong Special Administrative Region also made the list despite relatively small populations. Asia's wealth growth paths are diverse: India continues to add millionaires alongside economic expansion, while Japan, South Korea, Hong Kong SAR, and Singapore rely on mature household assets and financial markets.