The U.S. is minting millionaires: China doesn’t even come close, UBS says in global wealth report

The U.S. now accounts for about 40% of the world’s millionaires, despite representing only 4% of the global population. Just how fast the world’s largest and richest economy generates wealth was captured, along with several other takeaways, by the 2025 edition of the UBS Global Wealth Report. The report aims to provide “a clear and detailed picture of wealth generation and distribution in over 50 key markets across the globe,” with some deep dives into particular topics for key markets. UBS said...