Top 25 Countries with the Most Millionaires in 2025

Select Language:

The 25 Countries Leading in Millionaires in 2025

1. United States Rises as the Wealth Capital

The United States remains the global leader in millionaire numbers, boasting a staggering total of 23.8 million high-net-worth individuals. Driven by a robust economy, innovation centers, and a thriving tech industry, the U.S. continues to attract wealth from around the world. Major cities like New York, Los Angeles, and San Francisco dominate as hubs for ultra-wealthy individuals seeking investment opportunities and luxurious lifestyles.

2. China Continues its Wealth Boom

China has solidified its position with 6.3 million millionaires, reflecting its rapid economic development and growing entrepreneurial landscape. Cities like Beijing and Shanghai serve as financial powerhouses, fostering wealth creation amid China’s shift towards more sustainable growth sectors including technology, real estate, and finance.

3. France Holds Strong at No. 3

With 2.9 million high-net-worth individuals, France remains a key player in global wealth concentration. Paris continues to be a magnet for luxury, investments, and cultural wealth, reinforcing France’s position as a top destination for the affluent.

4 & 5. Japan and Germany Tie with 2.7 Million

Japan and Germany are tied at 2.7 million millionaires each. Japan’s economic resilience and innovation-driven industries help sustain its affluent class, while Germany’s status as Europe’s economic powerhouse continues to foster wealth among its residents.

6. The UK Maintains a Prime Position

The United Kingdom, home to 2.6 million millionaires, remains a global financial center. London’s status as an international hub for banking, finance, and luxury markets keeps wealthy individuals invested and thriving in the region.

7 & 8. Canada and Australia Show Resilience

Canada (2.1 million) and Australia (1.9 million) maintain strong positions, benefiting from stable economies, abundant natural resources, and attractive real estate markets that appeal to high-net-worth individuals seeking quality lifestyles.

9 & 10. Italy and South Korea Share Wealth Growth

Italy and South Korea both have 1.3 million millionaires. Italy’s luxury brands, fashion, and tourism sectors continue drawing affluent travelers and investors. South Korea, driven by its technological advancements and export industries, nurtures a growing wealthy class.

11 & 12. Netherlands and Spain Rely on European Strength

With around 1.3 million and 1.2 million millionaires, respectively, the Netherlands and Spain leverage Europe’s economic diversity. The Netherlands’ innovative business climate and Spain’s tourism sector contribute significantly to wealth accumulation.

[Insert Image of Wealthy European Cityscape]

13. Switzerland’s Exclusive Wealth Hub

Switzerland, with 1.1 million millionaires, remains synonymous with banking secrecy and luxury lifestyle. Its stable financial environment attracts global wealth, especially from Asia and the Middle East.

14. India’s Rapid Growth with 917,000

India’s millionaire count has surged to 917,000, propelled by technological startups, increased foreign investment, and a burgeoning middle class, making it one of the fastest-growing wealth markets globally.

15. Taiwan and Hong Kong SAR’s Dynamic Markets

Taiwan (759,000) and Hong Kong (647,000) continue to be vital financial centers. Despite geopolitical tensions, these regions foster significant wealth creation through tech industries, finance, and real estate.

16. Belgium and Scandinavia’s Stable Wealth

Belgium, Sweden, Norway, and Denmark contribute their share, with Belgium at 549,000 millionaires and Scandinavian nations collectively representing a prosperous region with sustainable growth, high quality of life, and advanced social infrastructures.

17-20. Latin America and Russia’s Emerging Wealth

Brazil (433,000), Russia (426,000), and Mexico (399,000) reflect emerging markets with remarkable wealth expansion driven by natural resources, technology sectors, and local entrepreneurship.

21-25. Middle Eastern and Asian Financial Hubs

Saudi Arabia (339,000) and Singapore (331,000) exemplify regions with concentrated wealth, primarily fueled by energy sectors and advanced finance industries. Singapore’s strategic location and business-friendly policies make it a key destination for global wealth.

The Final Word
The distribution of millionaires worldwide in 2025 highlights shifting economic epicenters and continued growth in Asia, North America, and Europe. While traditional powers such as the U.S. and France retain prominent positions, Asia’s burgeoning wealth markets, especially China and India, signal a new era of economic influence.

Source: UBS Global Wealth Report, 2025

ChatGPT Perplexity Gemini AI Grok AI