Published: July 28, 2025 11:41 PM IST 
Countries with fastest-growing millionaire populations: Do you know which are the countries who have the fastest-growing millionaire populations. Is it the US, Or China or India? No! While global economic giants like the United States, China, and India often dominate economic milestone discussions across the world, they are not the top countries in the list of fastest-growing millionaire populations. According to the UBS Global Wealth Report 2024, smaller and emerging economies are experiencing a sharp surge in the number of individuals with wealth exceeding $1 million. Here are all the details you need to know about the UBS Global Wealth Report 2024.
In a significant development, the UBS Global Wealth Report 2024 has revealed a surprising trend which says that the fastest growth in the number of millionaires is not happening in economic power houses like the US, China, or India. Instead, smaller and emerging economies are seeing the sharpest rise in wealthy individuals.
Talking about the fastest-growing millionaire populations, Taiwan ranks first, with 760,000 millionaires and an average adult wealth of $312,075. Turkey follows closely, having added 7,000 millionaires in the past year, 8.4% increase, bringing its total to 68,000, projected to reach over 87,000 by 2028. Both countries are experiencing rapid financial uplift backed by tech and economic reforms.
Many Asian countries including Kazakhstan, Indonesia, South Korea, Israel, Mexico, Thailand, along with Europe’s Sweden form the top 10 countries with fast-growing millionaire populations. These shifts show that global wealth is expanding beyond traditional centers, driven by regional growth, favorable policies, and rising investment opportunities.
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