A version of this article appeared for the first time in Inside Wealth Newsletter of CNBC with Robert Frank, a weekly guide to the investor and consumer with high shuttle. Register to receive future editions, directly in your reception box. The United States now represents more than a third of the world's millionaires and billionaires, while technological companies and startups strike ever larger fortunes. The United States has more than 6 million liquid millionaires, or those with investable assets of more than a million dollars, up 78% in the last decade, according to a report by Henley & Partners and New World Wealth. They represent 37% of the global millionaire total. The number of American centimillionists, or those who have $ 100 million or more in investable, have reached 10,835 in 2024 – more than four times the number of China, second. There are now 867 American billionaires, representing a third of all world billionaires. “America is the undisputed world leader with regard to high -growth technological sectors such as software, microchips, online retail, internet accommodation, social media, search engines and AI,” said Andrew Amoil, manager of research in New World Wealth. In addition to its own millionaire growth, the United States also benefits from the move of foreign millionaires in America. Last year, around 3,800 millionaires from overseas moved to the United States, including 95 centimillionaries, according to the report. The report indicates that most migratory millionaires have moved to California (for technological companies), Florida and Texas. While the traditional wealth poles in the United States continue to dominate, with New York, the Bay and Los Angeles region which houses the most millionaires, many of the wealth centers that increase the fastest are in the sun belt. Scottsdale, Arizona, is the American city which has experienced the fastest growth for millionaire growth, its millionaire population increasing by 125% in the last decade, to 14,800. West Palm Beach, Florida, ranked as the second fastest, up 112% to 11,500, the region of the bay ranking third and Miami fourth. The race between the Bay and New York region for millionaires is getting closer each year. The New York Millionaire Counts, at 384,500, is now just above 342,400 in the Bay region. The millionaire population in the Bay region has increased 98% over the past decade, compared to 45% from New York. With artificial intelligence injecting new fortunes and wealth creation in the bay region, it may not take long before it takes the crown of the Big Apple.
Dan Kurtzman | Moment | Getty images
A version of this article appeared for the first time in Inside Wealth Newsletter of CNBC with Robert Frank, a weekly guide to the investor and consumer with high shuttle. Register To receive future editions, directly in your reception box.
The United States now represents more than a third of the world's millionaires and billionaires, while technological companies and startups strike ever larger fortunes.
