Countries creating the most new millionaires: US tops global list; where does India stand?
The United States dominated the rankings, accounting for almost half of all new millionaires globally by adding more than 441,000 individuals
- Jul 25, 2026,
- Updated Jul 25, 2026 3:56 PM IST
Nearly one million people around the world became new US dollar millionaires in 2025, underscoring another year of strong global wealth creation despite economic uncertainty, inflation concerns, and geopolitical tensions. According to the UBS Global Wealth Report 2026, around 2,680 people became millionaires every day last year.
The United States dominated the rankings, accounting for almost half of all new millionaires globally by adding more than 441,000 individuals. Europe also emerged as a major wealth creation hub with six countries featuring among the top 10, while Asia remained well represented through Japan, India, South Korea, and China, reflecting continued expansion in household wealth across both developed and emerging economies.
READ THIS: Top 10 unemployment rate countries in 2026: Check which nations have the highest jobless rates
Top 10 countries creating the most new millionaires
1. United States - 441,000+ new millionaires
The United States remained the world's largest engine of wealth creation, adding more than 441,000 new millionaires during 2025, equivalent to over 1,200 every day. A strong stock market, technology sector gains, and high participation in financial assets drove the increase.
Top 3 richest Americans
- Elon Musk
- Larry Ellison
- Mark Zuckerberg
2. United Kingdom - 43,000+ new millionaires
Despite concerns over millionaire migration, the UK still created more than 43,000 new millionaires during the year, making it the second-largest wealth creator globally.
Top 3 richest Britons
- Gopi Hinduja & family
- Sir James Dyson
- Michael Platt
3. Germany - 41,000+ new millionaires
Germany continued benefiting from industrial strength and resilient private wealth growth, creating over 41,000 new millionaires.
Top 3 richest Germans
- Klaus-Michael Kühne
- Dieter Schwarz
- Susanne Klatten
4. Japan - 34,000+ new millionaires
Japan ranked fourth as improving markets and corporate earnings helped thousands of households cross the million-dollar wealth threshold.
Top 3 richest Japanese
- Tadashi Yanai
- Masayoshi Son
- Takemitsu Takizaki
5. France - 35,000+ new millionaires
France recorded nearly 35,000 new millionaires, supported by rising financial assets and resilient household wealth.
Top 3 richest French
- Bernard Arnault & family
- Françoise Bettencourt Meyers & family
- Rodolphe Saadé & family
6. India - 31,000+ new millionaires
India added more than 31,000 new millionaires in 2025, reflecting rapid economic growth, expanding entrepreneurship, and rising equity market participation.
Top 3 richest Indians
- Mukesh Ambani
- Gautam Adani
- Savitri Jindal & family
DO CHECKOUT | India's top 25 billionaires
7. South Korea - 20,000+ new millionaires
South Korea continued building private wealth through technology, manufacturing, and investments, adding over 20,000 millionaires.
Top 3 richest South Koreans
- Kim Byung-joo
- Lee Jae-yong
- Seo Jung-jin
8. Italy - 20,000+ new millionaires
Italy remained one of Europe's strongest wealth creators with robust gains in private wealth and family businesses.
Top 3 richest Italians
- Giovanni Ferrero
- Andrea Pignataro
- Giorgio Armani
9. Canada -18,000+ new millionaires
Canada continued generating new wealth despite a slower housing market, supported by diversified investments and financial markets.
Top 3 richest Canadians
- David Thomson & family
- Changpeng Zhao
- Jim Pattison
10. Australia -16,000+ new millionaires
Australia rounded out the top 10 as strong retirement savings, mining wealth, and resilient financial markets continued boosting household assets.
Top 3 richest Australians
- Gina Rinehart
- Harry Triguboff
- Anthony Pratt
ALSO READ: Top 10 nations with unmatched healthcare excellence
Other countries that also saw strong millionaire growth
Several other economies also recorded notable gains in new millionaires during 2025. China added more than 14,000 new millionaires despite slower economic growth and a subdued property market. Spain continued to benefit from rising household wealth and investment returns, while Switzerland remained one of the world's wealthiest nations on a per-capita basis.
The Netherlands also registered steady growth in high-net-worth individuals, supported by a diversified economy and financial sector. Meanwhile, Singapore continued strengthening its position as Asia's premier wealth hub, attracting affluent investors alongside generating new domestic millionaires through finance, technology, and global investment activity.
Nearly one million people around the world became new US dollar millionaires in 2025, underscoring another year of strong global wealth creation despite economic uncertainty, inflation concerns, and geopolitical tensions. According to the UBS Global Wealth Report 2026, around 2,680 people became millionaires every day last year.
The United States dominated the rankings, accounting for almost half of all new millionaires globally by adding more than 441,000 individuals. Europe also emerged as a major wealth creation hub with six countries featuring among the top 10, while Asia remained well represented through Japan, India, South Korea, and China, reflecting continued expansion in household wealth across both developed and emerging economies.
READ THIS: Top 10 unemployment rate countries in 2026: Check which nations have the highest jobless rates
Top 10 countries creating the most new millionaires
1. United States - 441,000+ new millionaires
The United States remained the world's largest engine of wealth creation, adding more than 441,000 new millionaires during 2025, equivalent to over 1,200 every day. A strong stock market, technology sector gains, and high participation in financial assets drove the increase.
Top 3 richest Americans
- Elon Musk
- Larry Ellison
- Mark Zuckerberg
2. United Kingdom - 43,000+ new millionaires
Despite concerns over millionaire migration, the UK still created more than 43,000 new millionaires during the year, making it the second-largest wealth creator globally.
Top 3 richest Britons
- Gopi Hinduja & family
- Sir James Dyson
- Michael Platt
3. Germany - 41,000+ new millionaires
Germany continued benefiting from industrial strength and resilient private wealth growth, creating over 41,000 new millionaires.
Top 3 richest Germans
- Klaus-Michael Kühne
- Dieter Schwarz
- Susanne Klatten
4. Japan - 34,000+ new millionaires
Japan ranked fourth as improving markets and corporate earnings helped thousands of households cross the million-dollar wealth threshold.
Top 3 richest Japanese
- Tadashi Yanai
- Masayoshi Son
- Takemitsu Takizaki
5. France - 35,000+ new millionaires
France recorded nearly 35,000 new millionaires, supported by rising financial assets and resilient household wealth.
Top 3 richest French
- Bernard Arnault & family
- Françoise Bettencourt Meyers & family
- Rodolphe Saadé & family
6. India - 31,000+ new millionaires
India added more than 31,000 new millionaires in 2025, reflecting rapid economic growth, expanding entrepreneurship, and rising equity market participation.
Top 3 richest Indians
- Mukesh Ambani
- Gautam Adani
- Savitri Jindal & family
DO CHECKOUT | India's top 25 billionaires
7. South Korea - 20,000+ new millionaires
South Korea continued building private wealth through technology, manufacturing, and investments, adding over 20,000 millionaires.
Top 3 richest South Koreans
- Kim Byung-joo
- Lee Jae-yong
- Seo Jung-jin
8. Italy - 20,000+ new millionaires
Italy remained one of Europe's strongest wealth creators with robust gains in private wealth and family businesses.
Top 3 richest Italians
- Giovanni Ferrero
- Andrea Pignataro
- Giorgio Armani
9. Canada -18,000+ new millionaires
Canada continued generating new wealth despite a slower housing market, supported by diversified investments and financial markets.
Top 3 richest Canadians
- David Thomson & family
- Changpeng Zhao
- Jim Pattison
10. Australia -16,000+ new millionaires
Australia rounded out the top 10 as strong retirement savings, mining wealth, and resilient financial markets continued boosting household assets.
Top 3 richest Australians
- Gina Rinehart
- Harry Triguboff
- Anthony Pratt
ALSO READ: Top 10 nations with unmatched healthcare excellence
Other countries that also saw strong millionaire growth
Several other economies also recorded notable gains in new millionaires during 2025. China added more than 14,000 new millionaires despite slower economic growth and a subdued property market. Spain continued to benefit from rising household wealth and investment returns, while Switzerland remained one of the world's wealthiest nations on a per-capita basis.
The Netherlands also registered steady growth in high-net-worth individuals, supported by a diversified economy and financial sector. Meanwhile, Singapore continued strengthening its position as Asia's premier wealth hub, attracting affluent investors alongside generating new domestic millionaires through finance, technology, and global investment activity.