Story perspectives

US Millionaire Count Surges Amid Market Boom

6/5/2025

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Summary

Story summary

In 2024, the US gained 562,000 millionaires, totaling 7.9 million, fueled by a robust stock market and favorable interest rates.
The global high-net-worth individual (HNWI) population increased by 2.6%, with North America experiencing a 7.3% rise.
Europe and Latin America faced declines in HNWI numbers due to economic stagnation and currency challenges.
A notable shift towards alternative investments is occurring, with many HNWIs anticipating inheritances by 2040.

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Story summary

In 2024, the US gained 562,000 millionaires, totaling 7.9 million, fueled by a robust stock market and favorable interest rates.
The global high-net-worth individual (HNWI) population increased by 2.6%, with North America experiencing a 7.3% rise.
Europe and Latin America faced declines in HNWI numbers due to economic stagnation and currency challenges.
A notable shift towards alternative investments is occurring, with many HNWIs anticipating inheritances by 2040.