Global household wealth expanded by 4.6% in 2024, driven by a buoyant U.S. equity market and a resilient dollar, according to UBS’s Global Wealth Report 2025. The study estimates that 680,000 people worldwide crossed the US$1 million threshold for net assets during the year, widening an already pronounced gap between regions. The United States accounted for the lion’s share of the gains, minting roughly 379,000 new dollar millionaires—an average of more than 1,000 a day—and cementing its position as the residence of about 40% of the world’s high-net-worth individuals. UBS attributes the surge chiefly to record highs on Wall Street and continued strength in the greenback. Switzerland again led global rankings on average and median wealth per adult, underscoring the country’s longstanding concentration of affluence. In Europe, France overtook Japan, Germany and the United Kingdom to become the world’s third-largest home of millionaires. Elsewhere, Brazil counted 433,000 millionaires—the most in Latin America—while Portugal added 3,200 to its tally. UBS highlighted the uneven regional distribution of wealth growth and cautioned that further market volatility could test the durability of last year’s gains.