Key facts
- Nearly one million people globally became dollar millionaires in 2025.
- Eastern European countries saw the fastest percentage growth in millionaires.
- The US added the most millionaires in absolute numbers (441,078).
- The UK, France, and Spain added the most new millionaires in Europe.
- Wealth is defined as financial and real assets minus debts.
Globally, nearly one million individuals joined the ranks of US dollar millionaires in 2025, according to a report by UBS. This equates to over 2,680 new millionaires daily, or almost two every minute. Europe contributed significantly to this growth outside the United States.
Eastern European countries experienced the most rapid percentage increase in millionaires. Lithuania led with an 8% growth rate, adding 921 new millionaires. Turkey followed with 6.4% growth and 5,650 new millionaires, while Latvia saw a 5.7% increase, adding 1,131. Hungary and Ireland also featured in the top five European countries for percentage growth.
In terms of absolute numbers, the United States saw the largest increase, with 441,078 new millionaires, accounting for nearly half of the global growth. Within Europe, the UK added over 43,000 new dollar millionaires, while France and Spain each saw more than 32,000 additions. Italy and Germany also ranked in the global top 10, each adding over 24,000 millionaires.
The report highlights that the increase in millionaires is influenced by factors beyond economic size, such as home ownership, private retirement savings, and tax incentives. UBS defines net worth as the value of financial and real assets, primarily housing, owned by individuals, minus their debts. No country in the study ended 2025 with fewer millionaires than it started with.