Last year, the number of billionaires increased in the United States, which separated the United States as a global leader in global wealth.
An Investment Bank and Financial Services Company, UBS, released its annual global wealth report on Wednesday, looked at the trends of wealth in 2024. The company praised a billionaire with a total value of at least 1 million.
UBS found that the United States increased an average of 1,000 new billionaires in 2024, far greater than 380 new billionaires daily in China, with second largest. Overall, last year, the United States had 379,000 new billionaires, followed by China’s 141,000. The two countries participated in more than half of the total 684,000 new billionaires.
According to the report, the increase in wealth in North America was “driven by a stable US dollar and financial financial markets.” Last year, the financial markets performed well: In 2024, S&P 500 increased by more than 23 %, and the Nice Deck increased by about 29 29 %.
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UBS found that the United States has the highest number of billionaires in the world, higher than the joint of Western Europe and China. The United States has 23.8 million people in the seven -figure club, the highest in any other nation, and is about 35 35 % of the global personal wealth. China ranks second with 6.3 million leaves and is close to 20 % of personal wealth shares.
Countries such as Japan, France, Germany, the United Kingdom and Canada have more than 20 million million leaves by 2024.
The summary is that there are about 60 million millionaires in the world that control a total of $ 226.47 trillion assets.
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UBS is expected to increase the number of billionaires, and by 2029, an additional 5.34 million people will be worth seven figures, an increase from 2024 to 9 %.
The report states that “over the next five years, we expect North America and more and more China to be the key drivers of global wealth.”
A separate report from Hanny & Partners and New World Wealth released last month shows that the number of liquid billionaires in the United States, or millions of assets of more than 1 million, has increased by 78 % over the past decade.
Last year, the number of billionaires increased in the United States, which separated the United States as a global leader in global wealth.
An Investment Bank and Financial Services Company, UBS, released its annual global wealth report on Wednesday, looked at the trends of wealth in 2024. The company praised a billionaire with a total value of at least 1 million.
UBS found that the United States increased an average of 1,000 new billionaires in 2024, far greater than 380 new billionaires daily in China, with second largest. Overall, last year, the United States had 379,000 new billionaires, followed by China’s 141,000. The two countries participated in more than half of the total 684,000 new billionaires.
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