Top Countries with the Most Millionaires in 2025

Select Language:

Countries with the Highest Number of Millionaires in 2025

United States Leads the Chart with Nearly 24 Million Millionaires
The United States continues to dominate the millionaire landscape in 2025, boasting approximately 23.8 million individuals with a net worth exceeding one million dollars. This figure underscores the country’s persistent economic resilience, driven by innovation, technological advancements, and a robust stock market. Major financial hubs like New York City and Silicon Valley contribute heavily to this millionaire density, attracting entrepreneurs, investors, and high-net-worth individuals from around the globe.

China Rises Significantly, Solidifying Its Position as a Global Wealth Hub
With an estimated 6.3 million millionaires, China’s rapidly expanding economy fuels the rise of affluent residents, especially in cities like Shanghai and Beijing. The nation’s focus on advancing technology, manufacturing, and real estate has created many paths to wealth, showcasing China’s growing influence in the global millionaire ranking.

European Countries Hold Steady in the Wealth Spectrum
France, with 2.9 million millionaires, and Japan and Germany, each with around 2.7 million, continue to maintain their positions as significant financial centers. The UK follows closely with approximately 2.6 million millionaires, reflecting London’s ongoing status as a global financial hub. In Europe, Switzerland’s sophisticated banking sector and high quality of life preserve its status with over 1.1 million millionaires.

Canada and Australia Show Steady Growth in Wealth Accumulation
Canada boasts about 2.1 million high-net-worth individuals, thanks to its stable economy and resource-rich industries. Australia, with approximately 1.9 million millionaires, benefits from a thriving financial and real estate market, especially cities like Sydney and Melbourne.

Emerging Economies and Their Growing Wealth Segments
Italy, with 1.3 million millionaires, and South Korea, matching that number, reflect the increased affluence brought by technological innovation and economic development. The Netherlands and Spain also demonstrate modest growth, each with over 1.2 million and 1.2 million millionaires, respectively.

Notable Asian Financial Centers and Wealth Concentrations
Hong Kong SAR and Taiwan remain significant hubs for wealth with 647,000 and 759,000 millionaires, respectively. Singapore stands out in Southeast Asia with over 331,000 millionaires, emphasizing its position as a financial and investment center.

Smaller but Growing Markets
Countries like Belgium, Sweden, and Brazil are seeing gradual increases in their millionaire populations, with totals of 549K, 490K, and 433K, respectively. These figures indicate a shifting wealth distribution and diversification across regions.

Emerging Markets Reach New Milestones
Russia, Mexico, Denmark, and Norway record impressive numbers, showcasing economic growth and increasing wealth concentration in their respective regions. Saudi Arabia’s 339,000 millionaires highlight the ongoing influence of the Middle East in global wealth dynamics.

South-East Asia Continues to Expand Its Financial Footprint
Singapore’s 331,000 high-net-worth individuals reflect its stability and attractiveness for international investors. As Asia’s economic power continues to grow, more individuals in this region are reaching millionaire status.

Summary Table of Top Countries by Number of Millionaires in 2025:

Source: UBS Global Wealth Report 2025

ChatGPT Perplexity Gemini AI Grok AI