While almost one million people crossed the $1 million wealth threshold in 2025, that growth was far from evenly shared across countries.

This visualization, via Visual Capitalist’s Bruno Venditti, ranks the 31 countries that added the most new USD millionaires between 2024 and 2025, revealing where personal wealth expanded fastest over the past year.

The data comes from the UBS Global Wealth Report 2026, which tracks individuals whose net worth exceeded $1 million USD.

The U.S. Dominates Global Wealth Creation

The United States added 441,078 new millionaires in one year, more than 10 times the total recorded by the second-ranked UK.

RankCountryNew USD millionaires (2024–2025)
1🇺🇸 U.S.441,078
2🇬🇧 UK43,139
3🇫🇷 France34,604
4🇪🇸 Spain32,707
5🇯🇵 Japan31,428
6🇮🇳 India31,033
7🇮🇹 Italy28,596
8🇦🇺 Australia25,089
9🇩🇪 Germany24,263
10🇷🇺 Russia21,951
11🇰🇷 South Korea20,227
12🇨🇳 China14,079
13🇹🇼 Taiwan9,864
14🇮🇪 Ireland9,491
15🇧🇷 Brazil9,215
16🇨🇭 Switzerland8,907
17🇮🇱 Israel8,803
18🇲🇽 Mexico8,724
19🇸🇦 Saudi Arabia8,718
20🇦🇪 UAE6,277
21🇹🇷 Türkiye5,650
22🇸🇬 Singapore5,240
23🇵🇱 Poland3,888
24🇿🇦 South Africa3,840
25🇬🇷 Greece2,762
26🇨🇱 Chile2,593
27🇭🇰 Hong Kong SAR1,891
28🇭🇺 Hungary1,349
29🇱🇻 Latvia1,131
30🇱🇹 Lithuania921
31🇶🇦 Qatar528

Canada was not included in this year’s UBS Wealth Report for the ranking and is absent.

American households accounted for nearly half of everyone worldwide who crossed the $1 million threshold in 2025, underscoring the country’s outsized role in global wealth creation.

Strong equity market performance, widespread household investment participation, and resilient economic growth contributed to rising personal wealth.

Europe Claims Many of the Top Spots

Europe is well represented throughout the ranking, with the United Kingdom, France, Spain, Italy, Germany, Ireland, Switzerland, Poland, Greece, Hungary, Latvia, and Lithuania all appearing in the top 31.

The UK ranked second overall, adding more than 43,000 new millionaires, while France and Spain each added more than 30,000.

Although no single European country approached the U.S. total, six of the top 10 countries were in Europe. This points to broad-based wealth growth across several major economies rather than one dominant regional market.

Asia Adds New Millionaires Across Major Markets

Japan and India each added more than 31,000 new millionaires, followed by South Korea with more than 20,000 and China with more than 14,000.

Smaller financial hubs such as Taiwan, Singapore, and Hong Kong SAR also made the list despite their relatively modest populations.

Asia’s results highlight two paths to wealth creation. India continued adding millionaires alongside rapid economic expansion, while mature markets such as Japan, South Korea, Hong Kong SAR, and Singapore generated new wealth through established household asset bases and rising financial markets.

To learn more about this topic, check out this graphic on the world’s richest countries by GDP per capita.