Updated
Updated · Euronews · Jul 10
UBS Says 1 Million Joined Dollar Millionaire Ranks in 2025 as US Added 441,078
Updated
Updated · Euronews · Jul 10

UBS Says 1 Million Joined Dollar Millionaire Ranks in 2025 as US Added 441,078

3 articles · Updated · Euronews · Jul 10

Summary

  • Nearly 1 million people became US-dollar millionaires in 2025, UBS said, lifting the total in its 56-market sample to about 57.5 million.
  • The US drove almost half the increase, adding 441,078 millionaires—about 1,208 a day—and now accounts for more than 23.6 million, or over 40% of the global total.
  • Europe supplied much of the rest of the growth: the UK added more than 43,000 millionaires, while France and Spain each gained more than 32,000; Western Europe now has just under 15 million.
  • Lithuania led percentage growth at 8%, followed by Turkey at 6.4%, Latvia at 5.7%, Hungary at 5.3% and Ireland at 5.2%, showing Eastern Europe expanded fastest from smaller bases.
  • UBS said millionaire counts reflect not just economic size but also housing ownership, retirement savings and tax incentives, and no market in its sample ended 2025 with fewer millionaires.

Insights

As a million new millionaires are made, why is median wealth falling and how can this gap be closed?
What makes the UAE and Singapore magnets for the record number of millionaires now changing countries?
Are AI-driven investments creating a new class of millionaire, and what does this mean for traditional wealth-building?