When it comes to the rise of multimillionaires, the United States is leading the charge, a new report found.
The number of high-net worth individuals — or those with assets worth more than $10 million — rose 4.4% worldwide in 2024, to 2,341,378, but jumped 5.2% in North America, according to the annual Wealth Report by global real estate consultancy Knight Frank.
The U.S. is now home to almost 40% of the world’s super rich, the report estimates — nearly double the share that resides in China, the region with the next highest contingent of wealthy individuals.
“While the global economy slowed through 2024, the resilience of the U.S. helped prop up investor confidence,” Liam Bailey, global head of research at Knight Frank, said in a statement. “The trends powering wealth creation, including growth in financial markets led by equity markets and the bitcoin run, continued through 2024.”
