{"id":200948,"date":"2025-06-20T22:03:14","date_gmt":"2025-06-20T22:03:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/200948\/"},"modified":"2025-06-20T22:03:14","modified_gmt":"2025-06-20T22:03:14","slug":"turkiye-records-worlds-sharpest-growth-in-dollar-millionaires-ubs","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/200948\/","title":{"rendered":"T\u00fcrkiye records world’s sharpest growth in dollar millionaires: UBS"},"content":{"rendered":"

T\u00fcrkiye recorded the fastest increase in the number of U.S. dollar millionaires last year, growing at a pace seven times higher than the global average, according to a report.<\/p>\n

The number of dollar millionaires worldwide rose by 684,000 in 2024, a 1.2% year-over-year increase, the 2025 Global Wealth Report by UBS found.<\/p>\n

That translates to nearly 2,000 new dollar millionaires every day across the globe.<\/p>\n

T\u00fcrkiye saw an 8.4% increase as the number of individuals with assets exceeding $1 million rose by 7,000, reaching nearly 68,000, the report among 56 countries showed.<\/p>\n

The United Arab Emirates (UAE) ranked second with a rise of 5.8% in millionaire numbers, or 13,000 new entrants.<\/p>\n

While nominal per capita wealth increased by over 35% in T\u00fcrkiye, when adjusted for inflation, real per capita wealth declined by 14.6%, the report said.<\/p>\n

Inflation has more than halved compared to the peak of about 75% a year ago amid aggressive monetary tightening as part of the Turkish authorities’ efforts to rein in growth in prices.<\/p>\n

The country also saw the median wealth drop by almost 21%, highlighting a growing divide between the wealthy elite and the rest of the population.<\/p>\n

Private individuals’ net worth rose 4.6% worldwide in 2024, the Swiss bank said. The United States accounted for almost 40% of global millionaires.<\/p>\n

Over 379,000 people became new dollar millionaires in the U.S. last year, more than 1,000 a day<\/a>, as wealth grew disproportionately quickly.<\/p>\n

In 2023, Europe, the Middle East and Africa led a rebound in global wealth after a decline in 2022.<\/p>\n

Greater China, which the report defined as mainland China, Hong Kong and Taiwan, led last year for individuals with a net worth of $100,000 to $1 million, accounting for 28.2%, followed by Western Europe with 25.4% and North America with 20.9%.<\/p>\n

The majority of people worldwide were below that threshold, however, with over 80% of adults in the UBS sample having a net worth of under $100,000. Overall, about 1.6% registered a net worth of $1 million or more, the report said.<\/p>\n

Over the next five years, the Swiss bank projects average wealth per adult to grow further, led by the U.S., and, to a lesser extent, Greater China.<\/p>\n

\"\"\/<\/p>\n

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