💰 Over 1,000 New Millionaires a Day: U.S. Sees Wealth Boom in 2024, Says UBS Report

 

💰 Over 1,000 New Millionaires a Day: U.S. Sees Wealth Boom in 2024, Says UBS Report

In a remarkable surge of prosperity, the United States saw more than 379,000 individuals cross into millionaire status in 2024, averaging over 1,000 new millionaires every single day, according to the freshly released 2025 Global Wealth Report from UBS.

This explosive growth solidifies the U.S.'s dominant position as the world's leading wealth generator, with Americans holding nearly 40% of all millionaires on the planet.

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📊 Wealth on the Rise — Not Just in the U.S.

Globally, net worth jumped by 4.6% in 2024, a significant recovery from the economic hiccups of 2022. But it was the Americas—led by the United States—that drove the trend, posting a staggering 11% increase in household wealth.

What fueled this boom?

• 📈 Strong U.S. stock markets

• 💵 A stable U.S. dollar

• 💹 High-performing assets across various sectors

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🌏 China Rises—But in the Middle Class Segment

While America took the lead in millionaire creation, Greater China—which includes mainland China, Hong Kong, and Taiwan—made a significant mark by leading the mid-tier wealth category.

People in this category have a net worth ranging from $100,000 to $1 million, and Greater China accounted for a hefty 28.2% of this segment. That puts it ahead of:

• 🇪🇺 Western Europe (25.4%)

• 🇺🇸 North America (20.9%)

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⚠️ Reality Check: Most Adults Are Still Far From Millionaire Status

Despite all the dazzling figures, the report also brought us back to earth:

More than 80% of adults globally still have a net worth below $100,000.

Even more striking, only 1.6% of the world’s adult population holds $1 million or more in personal wealth.

This means the path to financial freedom remains steep for the vast majority—especially in lower-income regions without access to stable investment platforms or thriving job markets.

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🔮 What’s Ahead? More Growth… But Unevenly

UBS forecasts steady global wealth expansion over the next five years, primarily powered by continued economic strength in:

• 🇺🇸 United States

• 🇨🇳 Greater China (though to a lesser extent)

This growth is expected to be shaped by ongoing trends in equity markets, digital investment platforms, and rising entrepreneurship in both established and emerging economies.

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💬 Join the Conversation!

What do you think about the explosion of millionaires in the U.S.?
Do you think this gap will keep widening—or can developing countries catch up?

Drop your thoughts in the comments below! 👇

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🧠 Fast Facts Recap:

Metric	2024 Figures
New U.S. millionaires  -	379,000+
Daily average-	~1,000 new millionaires
Global net worth growth-	4.6%
Americas net worth growth-	11%
% of global adults under $100K net worth	-  80%+
% of global millionaires living in U.S.-	~40%
Leading region for mid-tier wealth-	Greater China (28.2%)