U.S. Added 441,078 New Millionaires in 2025, UBS Report Shows

The U.S. added 441,078 new millionaires in 2025, more than 1,200 per day, according to the 2026 UBS Global Wealth Report released Tuesday. The total accounted for nearly half of new millionaires worldwide.

Millionaire numbers rose in all 56 markets tracked by UBS for the first time on record. UBS coined the term EMILLI in 2025 for households that reached $1 million in net wealth through 401(k) contributions, dual incomes, homeownership, and index-fund investing. The report tracks a separate group it calls elder siblings, defined as households with $5 million to $100 million in net wealth.

Since 2000, elder sibling wealth has compounded at 6.1 percent annually in real terms, compared with 4 percent for EMILLI households. In 2025, elder sibling headcount and wealth grew at double-digit rates in mainland China, Australia, and the United States. Mainland China’s elder sibling cohort has compounded at 30.9 percent annually since 2000.

Nearly 79 percent of personal wealth in the United States is held in financial assets, the fourth-highest share among countries sampled by UBS. Americans believe they need an average of $5.3 million in net worth to feel financially successful, according to separate Empower research.

UBS chief economist Paul Donovan stated that the millionaire threshold is nominal, not real, making it easier to cross than 20 years ago.

Donovan noted that everyday millionaires generally hold smaller shares of equities than higher-wealth cohorts and that access to private assets has become more democratic over time.