Global Millionaire Population
The global millionaire population continues to grow, fueled by rising asset values and entrepreneurship.
- 62.5 million millionaires worldwide in 2025. The number of millionaires has doubled over the past decade. (Credit Suisse)
- 1.2% of the global population are millionaires. Millionaires remain a small yet influential segment of society. (Wealth-X)
- The US has 22.7 million millionaires. America accounts for 36% of the world’s millionaires, more than any other country. (Statista)
- China has 6.2 million millionaires. Rapid economic growth has significantly increased China's wealthy population. (Credit Suisse)
- 1 in 10 adults in Switzerland is a millionaire. Switzerland leads globally in the percentage of millionaires per population. (World Wealth Report)
Millionaire Wealth Distribution
Millionaires hold a disproportionate share of global wealth, highlighting income inequality.
- 47% of global wealth is held by millionaires. High-net-worth individuals control nearly half of all assets. (World Inequality Report)
- The average millionaire’s net worth is $4.3 million. Millionaires often exceed the minimum $1 million threshold significantly. (Wealth-X)
- 30% of millionaires are self-made. Entrepreneurship and investments are key drivers of wealth creation. (Forbes)
- Inherited wealth accounts for 25% of millionaire fortunes. While many are self-made, generational wealth plays a significant role. (Pew Research)
- Millionaires invest 20% of their wealth in real estate. Property remains a preferred asset class for wealth preservation. (Statista)
Millionaires by Region
Millionaire populations vary significantly across regions due to economic conditions and growth.
- North America holds 44% of the world’s millionaires. The region continues to dominate global wealth statistics. (Credit Suisse)
- Asia has 26% of global millionaires. Rapid economic growth in China and India drives wealth creation. (World Wealth Report)
- Europe accounts for 21% of millionaires. Stable economies and strong financial systems contribute to wealth accumulation. (Wealth-X)
- Australia has 2.2 million millionaires. High property values and strong economic growth boost millionaire numbers. (Credit Suisse)
- Africa has 350,000 millionaires. Though small, the population is growing due to emerging markets. (Knight Frank)
Pathways to Becoming a Millionaire
Millionaires often achieve wealth through a combination of entrepreneurship, investing, and career success.
- 65% of millionaires built their wealth through entrepreneurship. Starting and scaling businesses remains the most common path. (Forbes)
- 80% of millionaires invest in stocks. Equity markets play a critical role in wealth accumulation. (Wealth-X)
- 40% of millionaires own multiple properties. Real estate investments provide stability and long-term returns. (Statista)
- High-income careers account for 20% of millionaires. Physicians, attorneys, and executives often achieve millionaire status through salaries. (CNBC)
- Cryptocurrency investments contributed to 8% of new millionaires. Digital assets are increasingly significant in wealth creation. (CoinDesk)
Millionaire Spending Habits
Millionaires’ spending patterns reveal a mix of luxury indulgence and prudent financial habits.
- 33% of millionaires prioritize saving over spending. Despite their wealth, many focus on long-term financial security. (CNBC)
- Luxury goods account for 10% of millionaire spending. High-net-worth individuals invest in experiences, travel, and high-end products. (Statista)
- 80% of millionaires budget their expenses. Financial discipline is key to maintaining and growing wealth. (Wealth-X)
- Philanthropy accounts for 5% of millionaire wealth allocation. Many contribute to charitable causes and social initiatives. (Forbes)
- Millionaires spend 15% of their income on education. Investing in personal growth and their children’s future is a priority. (Harvard Business Review)
Gender and Millionaires
The gender wealth gap persists among millionaires, but progress is being made.
- 23% of millionaires are women. While still underrepresented, the number of female millionaires is steadily increasing. (Credit Suisse)
- Female-led businesses account for 18% of self-made millionaires. Women entrepreneurs are driving a new wave of wealth creation. (Forbes)
- Female millionaires hold $70 trillion in wealth globally. This figure is expected to grow by 50% over the next decade. (Bank of America)
- 70% of female millionaires prioritize impact investing. Women are more likely to align their investments with social causes. (Wealth-X)
- Women inherit 60% of global wealth transfers. Generational wealth shifts will significantly increase women’s financial influence. (Boston Consulting Group)
Industries with the Most Millionaires
Certain industries generate more millionaires due to high growth potential and profitability.
- Finance and investment produce 15% of global millionaires. Banking, asset management, and private equity are top contributors. (Wealth-X)
- Technology accounts for 12% of millionaires. The tech sector continues to create massive wealth through innovation. (Forbes)
- Real estate produces 9% of millionaires. Property development and investment are lucrative paths to wealth. (Statista)
- Healthcare and pharmaceuticals contribute 7% of millionaires. High demand for medical advancements fuels wealth creation. (World Wealth Report)
- Retail and eCommerce generate 6% of millionaires. Entrepreneurs in these sectors benefit from consumer trends. (Entrepreneur Magazine)
Millennials and Millionaire Trends
Millennials are the fastest-growing segment of millionaires, driven by tech and entrepreneurship.
- 5% of millennials are millionaires. This generation is building wealth faster than previous ones. (Wealth-X)
- 90% of millennial millionaires invest in tech. Technology and innovation are key wealth drivers for this group. (Forbes)
- Millennials hold 10% of global millionaire wealth. This figure is expected to rise significantly by 2030. (Credit Suisse)
- Millennial millionaires allocate 25% of their portfolios to ESG investments. Socially responsible investing is a priority for younger millionaires. (Bloomberg)
- Cryptocurrencies account for 15% of millennial millionaire wealth. Digital assets are reshaping how this generation builds and diversifies wealth. (CoinDesk)
Philanthropy Among Millionaires
Millionaires play a significant role in global philanthropy and charitable initiatives.
- 95% of millionaires donate to charity. Philanthropy is a core value for most high-net-worth individuals. (Forbes)
- Millionaire philanthropy totals $600 billion annually. Their contributions fund global initiatives in education, health, and poverty alleviation. (Wealth-X)
- 50% of millionaires prioritize local community initiatives. Many focus their giving on causes close to home. (Bank of America)
- Donor-advised funds account for 25% of millionaire giving. These funds provide flexibility and tax benefits for charitable contributions. (National Philanthropic Trust)
- Philanthropy-focused millionaires see 30% higher satisfaction in wealth management. Giving back often enhances personal fulfillment. (Harvard Business Review)