The number of millionaires in the U.S. grew by an average of 1,000 people a day in 2024, according to new data from UBS.
The U.S. saw the fastest growth of its millionaire population of any nation worldwide, according to the investment bank’s newly released Global Wealth Report 2025. China came in second, adding around 380 millionaires a day.
The number of “everyday millionaires,” or investors with between $1 million and $5 million in assets, is also on the rise globally. The volume of everyday millionaires worldwide has more than quadrupled since 2000 to about 52 million individuals, per UBS.
Real estate values were the largest driver of wealth growth worldwide, the report finds. Those assets make up the largest share of several countries’ total wealth, with 53% of Australia’s and 42% of the United Kingdom’s wealth held in real estate net of mortgages, UBS reports.
In the U.S., however, securities and other financial instruments like stocks account for largest share of Americans’ total wealth at 37%. Real estate follows at 30%.
