The number of millionaires in the U.S. grew last year, setting the U.S. apart as a world leader in global wealth.
UBS, an investment bank and financial services company, released its annual global wealth report on Wednesday, looking back at wealth trends in 2024. The company defined a millionaire as anyone with a net worth of at least $1 million.
UBS found that the U.S. added over a thousand new millionaires per day on average in 2024, far more than the 380 new millionaires per day experienced in China, which was in second place. Altogether, there were 379,000 new millionaires in the U.S. last year, followed by China’s 141,000. The two