The Countries With the Most Millionaires in 2025

# Key Takeaways * In 2025, the global millionaire population reached 60 million adults. * America, China, and France are home to the largest millionaire populations—together holding more than half of the global total. If the world’s millionaire population were 10 people, four would live in America, one in China, and the rest around the world. Altogether, this group holds $226 trillion in wealth across 60 million individuals. While wealth has grown meaningfully in emerging markets supported by strong economic growth, America continues to maintain its grip on global wealth. When counting primary residences, roughly 7% to 9% of U.S. adults (approx. 24 million people) qualify as millionaires, but when real estate is excluded, only about 2.2% of U.S. adults (approx. 6 million people) are true liquid millionaires. This means roughly 75% of paper millionaires would lose their millionaire status if their home equity were removed from the calculation.