Global Millionaires and Wealth Statistics and Insights 2026
Here is a deep insight into the state of global millionaires and wealth. Find key insights and data to help you make sense of everything.
To understand the data below, this abbreviation UHNW stands for Ultra-High-Net-Worth, which is people with at least more than $30 million worth.
Key Information
| Topic | Insight |
|---|---|
| Total number of Global millionaires | 80 million+ |
| Country with the most millionaires (United States) | 24 million+ |
| Percentage of self-made millionaires (US study only) | 79% |
| Millionaire share of global wealth | 46% |
| Percent of millionaires with crypto investment | 11% |
| Millionaire with many sources of income | 60%+ |
| Content creator millionaires (YouTube, blogging, Affiliate marketing, etc.) | 7% |
| Millionaire by Inheritance (Family wealth) | 21% |
Global Millionaire Distribution by Wealth Band
| Wealth Band | Number of Individuals | Categorization |
|---|---|---|
| $1M to $5M | 56 million | Everyday millionaires (EMILLIs) |
| $5M to $30M | 22 million | Mid-Tier millionaires |
| $30M+ | 510,810 | Ultra-High-Net-Worth (UHNW) |
| $100M+ | 28,000 | Centi-millionaires |
| $1B+ | 3,200 | Billionaires |
Key Insight: While there are up to 56 million Everyday millionaires, the gap widens massively when you get to the Ultra-High-Net-Worth bracket, with just 510,800 people holding $30+.
Daily Spending Habits of Millionaires
| Daily Habit | Percentage of Millionaires |
| Live on less than they make | 94% |
| Use coupons while shopping | 93% |
| Spend <$200/month at restaurants | Majority |
| Follow a written budget | High correlation |
Key Insight: Staying wealthy requires discipline; almost all millionaires (94%) strictly live below their means, regardless of how much they earn.
Top 10 Countries by Millionaire Population (2024)
| Rank | Country | Number of Millionaires (thousands) | Total UHNW Population |
|---|---|---|---|
| 1 | United States | 23,831 | 192,470 |
| 2 | Mainland China | 6,327 | 52,020 |
| 3 | France | 2,897 | 14,565 |
| 4 | Japan | 2,732 | 18,690 |
| 5 | Germany | 2,675 | 26,570 |
| 6 | United Kingdom | 2,624 | 18,785 |
| 7 | Canada | 2,098 | 15,620 |
| 8 | Australia | 1,904 | – |
| 9 | Italy | 1,344 | 11,950 |
| 10 | South Korea | 1,301 | – |
Key Insight: The United States dominates with nearly 4 times more millionaires than second-place China, adding over 1,000 new millionaires daily in 2024.
Countries by Average Wealth (2024)
| Rank | Country | Average Wealth (USD) | Median Wealth (USD) |
|---|---|---|---|
| 1 | Switzerland | $687,166 | $182,248 |
| 2 | United States | $620,654 | $124,041 |
| 3 | Hong Kong SAR | $601,195 | $222,015 |
| 4 | Luxembourg | $566,735 | $395,340 |
| 5 | Australia | $516,640 | $268,424 |
| 6 | Denmark | $481,558 | $216,098 |
| 7 | Singapore | $441,596 | $113,976 |
| 8 | New Zealand | $393,773 | $207,707 |
| 9 | Netherlands | $370,697 | $131,896 |
| 10 | Norway | $368,410 | $142,501 |
Key Insight: Luxembourg has the highest median wealth globally at $395,340, this goes to show a more equitable wealth distribution than Switzerland despite lower average wealth.
Most Common Professions
| Rank | Career | Notable Characteristics |
|---|---|---|
| 1 | Engineer | Technical skills, problem-solving |
| 2 | Accountant (CPA) | Financial literacy, business understanding |
| 3 | Teacher | Long-term consistent saving |
| 4 | Management | Business operations experience |
| 5 | Attorney | Professional services, high income potential |
Key Insight: Common professional careers like engineers and teachers dominate millionaire ranks, challenging the stereotype that only executives and entrepreneurs become wealthy.
Annual Luxury Goods Spending by UHNW (2024)
| Category | Annual Spend (USD Billion) | % of Total |
|---|---|---|
| Personal luxury goods, wines, spirits, homeware | $115.6 | 39.9% |
| Luxury cars | $100.9 | 34.8% |
| Private jets and yachts | $28.6 | 9.9% |
| Luxury hospitality | $25.3 | 8.7% |
| Fine art | $19.6 | 6.8% |
| Total | $290.0 | 100% |
Key Insight: The ultra-wealthy spend $290 billion annually on luxury goods, representing 21% of all individual luxury spending globally despite comprising only 1.6% of millionaires.
How Millionaires Built Their Wealth (US Only)
| Factor | Percentage | Key Characteristic |
|---|---|---|
| Regular 401(k) investing | 80% | Consistent long-term strategy |
| Invested outside company plans | 75% | Diversified portfolio approach |
| Regular consistent investing | 75% | Primary success factor |
| Never carried credit card balance | 73% | Debt avoidance discipline |
| Live on less than they make | 94% | Spending discipline |
| Received no inheritance | 79% | Self-made wealth |
| Received inheritance $1M+ | 3% | Rare wealth source |
| Made six-figure income all years | 31% | Not dependent on high salary |
Key Insight: 79% of US millionaires received no inheritance at all, with consistent investing over time being the primary wealth-building strategy rather than high incomes.
Education and Career Background (US Only)
| Category | Statistic | Comparison to General Population |
|---|---|---|
| College graduates | 88% | 38% general population |
| Master’s or doctoral degree | 52% | 13% general population |
| Graduated from public universities | 62% | Majority |
| Graduated from elite private schools | 8% | Small minority |
| Senior leadership roles | 15% | Most are not executives |
| Average $100K+ annually | 31% | Over career span |
| Never made six figures in single year | 33% | One-third of millionaires |
Key Insight: 88% of millionaires have college degrees, but 62% attended public universities.
Total Wealth by Region (2024)
| Region | Total Wealth (USD Trillion) | Share of Global Wealth | Wealth per Adult (USD) |
|---|---|---|---|
| Americas | $185.0 | 39.3% | $311,846 |
| Asia-Pacific | $169.0 | 35.9% | $66,808 |
| EMEA | $116.8 | 24.8% | $167,696 |
| Global Total | $470.8 | 100% | $123,622 |
Key Insight: The Americas hold the largest share of global wealth despite having a smaller population than the Asia-Pacific. This goes to show a significantly higher wealth concentration per capita.
Global UHNW Population by Region (2025)
| Region | UHNW Population | % of Global | Total Wealth (USD Trillion) | 6-Month Change |
|---|---|---|---|---|
| North America | 208,090 | 40.7% | $24.0 | +6.2% |
| Asia | 129,100 | 25.3% | $14.8 | +6.4% |
| Europe | 127,480 | 25.0% | $14.7 | +4.8% |
| Middle East | 21,160 | 4.1% | $3.5 | +0.4% |
| Latin America | 14,830 | 2.9% | $1.8 | +2.7% |
| Pacific | 7,290 | 1.6% | $0.7 | -0.5% |
| Africa | 2,860 | 0.6% | $0.3 | +7.5% |
| Global Total | 510,810 | 100% | $59.8 | +5.4% |
Key Insight: North America and Asia show the strongest UHNW population growth, collectively accounting for 66% of the world’s ultra-wealthy individuals.
Top 10 UHNW Cities (2025)
| Rank | City | UHNW Population | 6-Month Change | Year-on-Year Change |
|---|---|---|---|---|
| 1 | New York | 21,380 | +4.7% | +23.4% |
| 2 | Hong Kong | 17,215 | +22.9% | +11.5% |
| 3 | Los Angeles | 11,680 | +24.0% | +4.8% |
| 4 | San Francisco | 8,270 | +24.9% | +5.1% |
| 5 | Chicago | 7,530 | +21.7% | +5.1% |
| 6 | Tokyo | 6,940 | -1.2% | +8.4% |
| 7 | London | 6,660 | +2.9% | +9.7% |
| 8 | Dallas | 6,530 | +5.1% | +23.0% |
| 9 | Washington DC | 6,460 | +4.7% | +23.6% |
| 10 | Houston | 5,900 | +4.0% | +22.0% |
Key Insight: Seven of the top 10 UHNW cities are in the United States, with Hong Kong showing exceptional growth at 22.9% in just six months.
Regional Wealth Change 2023-2024
| Region | Total Wealth Change | Average Wealth per Adult Change |
|---|---|---|
| Eastern Europe | +12.01% | Fastest growing |
| North America | +11.98% | Strong performance |
| Greater China | +3.42% | Moderate growth |
| Southeast Asia | +2.67% | Steady expansion |
| Middle East & Africa | +4.23% | Positive territory |
| Western Europe | -1.54% | Decline |
| Oceania | -1.48% | Slight contraction |
| Latin America | -4.28% | Largest decline |
Key Insight: Eastern Europe and North America led wealth growth in 2024, while Latin America experienced the steepest decline at -4.28% due to economic headwinds.
UHNW Growth Projections to 2030
| Region | Current UHNW (2025) | Projected 2030 | Growth | Annual Growth Rate |
|---|---|---|---|---|
| North America | 208,090 | 276,230 | +68,140 | 5.8% |
| Asia | 129,100 | 180,050 | +50,950 | 6.9% |
| Europe | 127,480 | 163,030 | +35,550 | 5.0% |
| Middle East | 21,160 | 25,880 | +4,720 | 4.1% |
| Latin America | 14,830 | 18,460 | +3,630 | 4.5% |
| Pacific | 7,290 | 9,440 | +2,150 | 5.3% |
| Africa | 2,860 | 3,880 | +1,020 | 6.3% |
| Global Total | 510,810 | 676,970 | +166,160 | 5.8% |
Key Insight: Asia is projected to experience the fastest UHNW population growth at 6.9% annually through 2030, adding nearly 51,000 ultra-wealthy individuals.
Fastest Growing UHNW Cities by Projected Growth
| Rank | City | Current UHNW | Projected 2030 | Annual Growth Rate |
|---|---|---|---|---|
| 1 | Oslo | 563 | 1,166 | 15.7% |
| 2 | Bengaluru | 590 | 1,076 | 12.8% |
| 3 | Hyderabad | 449 | 817 | 12.7% |
| 4 | Delhi | 1,047 | 1,806 | 11.5% |
| 5 | Chongqing | 433 | 735 | 11.2% |
| 6 | Mumbai | 769 | 1,288 | 10.9% |
| 7 | Hefei | 497 | 815 | 10.4% |
| 8 | Brisbane | 699 | 1,142 | 10.3% |
| 9 | Melbourne | 1,402 | 2,280 | 10.2% |
| 10 | Stockholm | 1,360 | 2,199 | 10.1% |
Key Insight: India dominates the fastest-growing UHNW cities with four in the top 10, led by tech hubs Bengaluru, Hyderabad, Delhi, and financial center Mumbai.
US States with Fastest UHNW Growth
| Rank | State | Current UHNW | Projected 2030 | Annual Growth Rate |
|---|---|---|---|---|
| 1 | Florida | 18,724 | 27,383 | 8.8% |
| 2 | Utah | 2,101 | 3,100 | 8.1% |
| 3 | Texas | 11,244 | 17,111 | 7.9% |
| 4 | Idaho | 820 | 1,193 | 7.8% |
| 5 | Nevada | 3,569 | 5,106 | 7.7% |
| 6 | Arizona | 1,731 | 2,506 | 7.4% |
| 7 | South Carolina | 2,148 | 3,041 | 7.2% |
Key Insight: Florida leads US UHNW growth at 8.8% annually, driven by favorable tax policies, remote work trends, and lifestyle appeal, adding nearly 9,000 ultra-wealthy residents by 2030.
Wealth Distribution: Financial vs. Non-Financial Assets
| Country | Financial Assets | Non-Financial Assets | Debt | Net Wealth |
|---|---|---|---|---|
| Sweden | 80% | <40% | 20% | 60% |
| United States | 67% | 33% | – | – |
| Switzerland | 67% | 33% | 26% | 74% |
| Hong Kong SAR | 67% | 33% | <10% | >90% |
| Japan | 67% | 33% | – | – |
| Spain | 33% | 67% | <10% | >90% |
| India | 20% | 80% | <10% | >90% |
Key Insight: Asset composition varies dramatically by country, with Sweden having the highest financial asset concentration at 80%, while India shows 80% non-financial assets.
UHNW Population by Generation (2025 vs. 2040 Projected)
| Generation | Age Range (2025) | % of UHNW (2025) | % of UHNW (2040 Projected) | Median Wealth (2025) |
|---|---|---|---|---|
| Silent Generation | 80+ | 22.4% | 3.1% | $52M |
| Baby Boomer | 60-79 | 45.3% | 17.0% | $57M |
| Generation X | 44-59 | 25.0% | 44.5% | $49M |
| Next Gen (Millennial + Gen Z) | 18-43 | 8.1% | 34.6% | $44M |
| Generation Alpha | <18 | 0.0% | 0.04% | – |
Key Insight: By 2040, Generation X and Next Gens will comprise nearly 80% of the ultra-wealthy population, up from just 33% today, marking a massive generational wealth transfer.
How UHNW Individuals Built Their Fortunes
| Generation | Self-Made | Inherited + Self-Made | Fully Inherited |
|---|---|---|---|
| Silent Generation | 68.7% | 24.5% | 6.8% |
| Baby Boomer | 77.6% | 17.0% | 5.4% |
| Generation X | 74.9% | 19.9% | 5.2% |
| Next Gen | 65.2% | 26.7% | 8.1% |
Key Insight: Self-made wealth dominates across all generations, though Next Gens show the highest rate of combined inherited and self-created wealth at 26.7%.
Primary Industries of UHNW by Generation
| Industry | Next Gen | Gen X | Baby Boomer | Silent Gen |
|---|---|---|---|---|
| Banking & Finance | 19.4% | 24.1% | 29.3% | 18.2% |
| Business & Consumer Services | 15.0% | 14.7% | 13.8% | 11.8% |
| Hospitality & Entertainment | 15.0% | 4.1% | 4.3% | 3.7% |
| Non-profit & Social Organizations | 8.4% | 6.5% | 5.7% | 6.9% |
| Technology | 8.8% | 4.5% | 7.4% | 3.1% |
Key Insight: Next Gen ultra-wealthy are 3.5 times more likely to focus on hospitality and entertainment than older generations, driven by social media and digital platforms creating new wealth opportunities.
Average Portfolio Distribution by Generation
| Asset Type | Next Gen | Gen X | Baby Boomer | Silent Gen |
|---|---|---|---|---|
| Liquid Assets (cash, dividends) | 36.1% | 42.2% | 43.3% | 44.8% |
| Private Holdings | 29.3% | 30.1% | 31.5% | 33.1% |
| Real Estate & Luxury Assets | 24.1% | 17.9% | 15.5% | 15.9% |
| Public Holdings | 6.7% | 10.6% | 11.1% | 7.8% |
Key Insight: Next Gen ultra-wealthy hold significantly more wealth in real estate and luxury assets (24.1%) compared to older generations.
Passions and Pursuits of UHNW by Generations
| Interest | Next Gen | Gen X | Baby Boomer | Silent Gen |
|---|---|---|---|---|
| Sports | 48.3% | 35.9% | 36.8% | 26.5% |
| Philanthropy | 26.6% | 31.8% | 36.8% | 26.5% |
| Technology | 35.3% | 19.3% | 14.0% | 17.6% |
| The Outdoors | 19.8% | 17.9% | 27.1% | 24.6% |
| Music | 20.8% | – | – | – |
| Travel | 15.6% | 16.3% | 12.3% | 14.5% |
| Aviation | – | 13.4% | 11.3% | 14.5% |
Key Insight: Technology ranks as the second-most popular interest for Next Gen ultra-wealthy (35.3%) but doesn’t make the top six for Baby Boomers or Silent Generation; this shows a clear generational digital divide.
Top Charitable Causes of UHNW by Generations
| Cause | Next Gen | Gen X | Baby Boomer | Silent Gen |
|---|---|---|---|---|
| Education | 49.7% | 65.7% | 69.0% | 67.5% |
| Social Services | 41.2% | 40.5% | 36.3% | 42.8% |
| Healthcare & Medical Research | 30.4% | 37.1% | 31.2% | 43.7% |
| Arts & Culture | 19.8% | 40.8% | 30.8% | 47.3% |
| Children & Youth Development | 20.4% | 19.6% | 20.1% | 22.2% |
| Environment & Conservation | 12.8% | 21.7% | 17.0% | 27.0% |
Key Insight: Education is the #1 philanthropic cause across all generations, with older ultra-wealthy showing significantly higher engagement in arts and culture (47.3% for Silent Gen vs. 19.8% for Next Gen).
Wealth Inequality Measures by Country (2024)
| Rank | Country | Gini Coefficient | Inequality Level |
|---|---|---|---|
| 1 | Brazil | 0.82 | Highest |
| 2 | Russia | 0.82 | Highest |
| 3 | South Africa | 0.81 | Very High |
| 4 | UAE | 0.81 | Very High |
| 5 | Saudi Arabia | 0.78 | Very High |
| 6 | Sweden | 0.75 | High |
| 7 | United States | 0.74 | High |
| 8 | India | 0.74 | High |
| – | Japan | 0.54 | Moderate |
| – | Belgium | 0.47 | Lower |
| 32 | Slovakia | 0.38 | Lowest |
Note: Gini coefficient ranges from 0 (perfect equality) to 1 (perfect inequality)
Key Insight: Brazil and Russia have the highest wealth inequality (0.82), while Slovakia shows the most equal wealth distribution (0.38), with the US ranking 7th most unequal at 0.74.
Compound Annual Growth Rate 2000-2024
| Wealth Bracket | CAGR (Real Terms) |
|---|---|
| All Adults | 3.4% |
| $10K – $100K | 2.0% |
| $100K – $1M | 3.0% |
| $1M – $5M | 6.1% |
| Over $5M | 8.2% |
| Over $1M (Combined) | 4.7% |
Key Insight: Wealth has grown faster for wealthier individuals since 2000, with those holding over $5 million experiencing 8.2% annual growth versus just 2.0% for the $10K-$100K bracket.
UHNW Millionaire Density by Country (2024)
| Country | UHNW Individuals | Adult Population | Millionaire Density |
|---|---|---|---|
| Switzerland | 1,119,000 | ~7 million | 1 in 6-7 adults |
| Luxembourg | – | ~500,000 | 1 in 6-7 adults |
| Hong Kong SAR | 647,000 | ~6 million | 1 in 9-10 adults |
| Singapore | 331,000 | ~4.5 million | 1 in 13-14 adults |
| United States | 23,831,000 | ~260 million | 1 in 11 adults |
Key Insight: Switzerland and Luxembourg have the world’s highest millionaire density, with approximately 1 in 7 adults being a USD millionaire, compared to 1 in 11 in the United States.
Global Wealth Influence Metrics
| Category | UHNW Contribution | % of Global Total |
|---|---|---|
| Investable Assets | $30 trillion | 10% of global |
| Luxury Goods Spend (2024) | $290 billion | 21% of individual spend |
| Philanthropic Donations (2023) | $207 billion | 36% of individual giving |
| Private Jet & Yacht Spend | $28.6 billion | Nearly 100% |
| Fine Wine & Spirits | – | Over 50% |
Key Insight: Despite representing only 1.6% of millionaires, UHNW individuals control 10% of global investable assets and account for over one-third of all individual philanthropic giving worldwide.
2024 UHNW Population Growth Leaders
| Country | Growth Rate | Notable Trend |
|---|---|---|
| Türkiye | +8.4% | Highest growth globally |
| UAE | +5.8% | Strong Middle East performer |
| India | +4.4% | 39,000 new UHNW |
| United States | +1.5% | 379,000+ new UHNW (volume leader) |
| Mainland China | +2.3% | 141,000 new UHNW |
| Japan | -1.2% | Only major market decline |
Key Insight: While Türkiye leads in percentage growth at 8.4%, the United States added the most ultra-wealthy individuals in absolute terms, over 1,000 new UHNW individuals every single day in 2024.
Wealth Creation Timeline Growth Since 2000
| Year | Global UHNW Population | Key Milestone |
|---|---|---|
| 2000 | ~73,000 | Baseline |
| 2008 | ~100,000 | Pre-financial crisis |
| 2015 | ~200,000 | Post-crisis recovery |
| 2020 | ~265,000 | Pandemic year |
| 2024 | 484,520 | Strong rebound |
| 2025 (June) | 510,810 | Current |
| 2030 (Projected) | 676,970 | Forecast |
Key Insight: The global UHNW population has increased 7-fold since 2000, growing at a pace seven times faster than the global adult population, with projections showing continued acceleration to 2030.
References
DataGlobeHub makes use of the best available data sources to support each publication. We prioritize sources of good reputation, like government sources, authoritative sources, expert sources, and well-researched publications. When citing our sources, we provide the report title followed by the publication name. Where not applicable, we provide just the publication name.
- Global Wealth Report – UBS
- World Ultra Wealth Report – Altrata
- The Number of Millionaires Keeps Rising – Statista
- The National Study of Millionaires – Ramsey Solutions
- What makes a millionaire? – Empower
