In 2025, nearly one million individuals worldwide attained millionaire status in U.S. dollars, according to an international financial report. The report highlights that Western Europe is home to the highest number of new wealthy individuals, while Eastern Europe shows the fastest growth. This information was detailed in the Global Wealth Report published by Swiss bank UBS.
The United Kingdom, France, and Spain follow the United States in terms of the number of new millionaires. The report reveals that globally, approximately 2,680 new millionaires emerged daily, translating to 112 new millionaires every hour or nearly two every minute.
Europe contributed significantly to the increase outside the United States, with the UK averaging 118 new millionaires daily and France producing 95, which equates to one new millionaire every 15 minutes. At current exchange rates, a million dollars is worth about 875,000 euros.
Rapid Growth in Eastern Europe
Eastern European countries recorded the highest growth rates, with the top five places in the global ranking of 30 countries being occupied by European nations, including EU member states, EU candidate countries, EFTA members, and the UK.
Lithuania witnessed the most significant growth at 8%, adding 921 new millionaires in 2025. Turkey ranked second with a 6.4% increase, representing 5,650 new millionaires. Latvia followed with a 5.7% growth, gaining 1,131 millionaires, while Hungary saw a 5.3% increase with 1,349 new millionaires. Ireland ranked fifth, registering a 5.2% growth, adding a substantial 9,491 new millionaires.
Poland’s growth rate stood at 4%, while Greece recorded 3.5%. The report notes that the increase in the number of millionaires partly depends on how close new millionaires were to the $1 million threshold in the previous year.
Countries with the Most Wealthy Individuals
For major economies, absolute numbers provide a clearer picture, as their wealthy populations are already substantial, making growth rates appear smaller. The United States saw the highest global increase, with 441,078 new millionaires, nearly half of the total worldwide. This figure averages 1,208 new millionaires daily, or 47 hourly.
In Europe, the UK added over 43,000 new millionaires, while France and Spain each saw 32,000 new wealthy individuals. The numbers grew by 3.1% in Spain, 1.8% in the UK, 1.5% in France, 1% in Switzerland, and 0.9% in Germany.
Italy and Germany also feature in the global top 10, each adding over 24,000 new millionaires, with daily growth of 67 in Italy (2.4% growth) and 66 in Germany. All five of Europe’s largest economies are included in the global top 10, while other European nations reported fewer than 10,000 new millionaires. Additionally, Japan, India, Australia, and Russia appear on the global top 10 list.
Romania is not listed among the top 30 countries in this UBS report, but the analysis indicates that the number of dollar millionaires has increased “everywhere globally, more than ever.”
No country in the UBS sample of 56 markets ended 2025 with fewer millionaires than it started with. Currently, over 40% of the world’s millionaires reside in the U.S., amounting to more than 23.6 million out of an estimated 57.5 million. Western Europe is home to just under 15 million dollar millionaires, constituting 25% of the total.
Understanding Wealth Calculations
The report emphasizes that an increasing number of individuals are climbing the wealth ladder, creating stronger ranks at the top and demonstrating steady growth across a remarkably broad array of markets.
However, the overall number of millionaires in a country does not always reflect market size, economic strength, or average wealth per capita. Many factors beyond economic power, such as housing ownership, private retirement savings, and the availability of tax incentives for saving and investing, influence these numbers.
In this study, net worth, or “wealth,” is defined as the value of financial and real estate assets (primarily housing) owned by individuals, minus their debts.
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