Mercer Island, a rich enclave outside Seattle.
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According to a new UBS report, the United States is home to the most millionaires in any country with a 23.8 million tally in 2024. Swiss bank estimated that the US increased by some 379,000 new millionaires or more than one thousand every day for an increase of 1.5%.
The mainland China came second with 141,000 new millionaires, up to 2.3%, second in 6.3 million. According to the percentage, Turkish millionaire population increased the most with a collision of 8.4%.
America extended its leadership for a stable year with a banner year for Wall Street US dollarThe first six months of 2025, however, are Rocky. chairman Donald TrumpThe fears of trade war and recession have cried and weighed markets DollarWhich is about 9% below this year.
UBS economist James Majo told CNBC that it would be too early to say whether American domestic money would increase at a slow rate this year. According to Mazeau, a weak dollar increases wealth in countries with non-dollars currencies rather than stalled in the US. But he also said that American real estate has become flexible and American equities can end this year, where they are now.
“This year may be less than in the previous year, but this does not mean that we will be a reversal in luck and will see negative wealth creation,” he said. “I don’t think the engines of development are dead in the United States – away from it.”
While about 40% of the world’s millionaires are located in the US, Luxembourg and Switzerland have high concentrations of wealth. According to UBS, in both countries, more than one in seven adults costs at least $ 1 million.
Due to a large part to increase real estate values, a millionaire population worldwide exceeded 684,000. However, this growth was geographically uneven, some countries lost shares. For example, Japan lost 33,000 millionaires with its shrunk population.
The bill of the billionaire increased marginally to 2,891, but Mazo said it was a high turnover. In UBS samples, 15 out of 56 markets lost funds, with the fastest fall in the Netherlands and Uruguay. Singapore, Qatar, Greece and Poland recorded the highest benefits.
“There may be great reversal of fate even within that section,” he said.
Even among the richest people in the world, Money focuses on the top side.
UBS estimates that some 60 million persons are $ 226.47 trillion combined, which is about half of the world’s global wealth. Within the group there are 2,860 billionaires that represent $ 15.7 trillion in property. And at the very top, 15 centibillionaires, less than 1% of the group, claim a combined net value of $ 2.4 trillion.
“We see that wealth is concentration or, I would say, wealth inequality, even among billionaires,” Majo said. He blamed most concentrations for better performance of the technical field and the rise of “mega tech entrepreneurs”.
According to Mazeau, there is not much data on individuals in $ 50 million to $ 1 billion range, which deforms the picture. He also said that wealth growth between middle and lower money has been reduced. For example, the number of individuals with $ 1 million to $ 5 million, who are more than 52 million quadruped since UBS dub “Dub” Dubb, Dubb, since 2000.
“He has more wealth collectively than all the billionaires in the world,” he said. “It is often ignored how much money is growing and moving between the packs.”
