A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
The United States is home to the most millionaires of any country, with a tally of 23.8 million in 2024, according to a new report by UBS. The Swiss bank estimated the U.S. minted some 379,000 new millionaires last year, or more than a thousand each day, for an increase of 1.5%.
Mainland China came in second at 6.3 million, up 2.3%, with 141,000 new millionaires. By percentage, Turkey’s millionaire population increased the most with an 8.4% bump to 87,000.
America extended its lead thanks to a banner year for Wall Street as well as a stable U.S. dollar
. The first six months of 2025, however, have been rocky. President Donald Trump’s trade war and recession fears have roiled markets and weighed on the dollar, which is down about 9% this year.
