According to the Capgemini Research Institute's World Wealth Report 2024, the United States significantly outpaced the rest of the world in creating millionaires last year, adding 500,000 new ones and setting records for wealth accumulation. This information technology company collaborates with businesses to "unlock the power of technology" and offers insights into global wealth trends.
The Capgemini analysis estimates that 7.43 million Americans are now millionaires, with more than 300,000 residing in New York City alone. This represents a 7.3 per cent increase since 2023. From 2022, their combined wealth rose by 7 per cent to $26.1 trillion. According to Capgemini, millionaires have investable assets of at least $1 million, excluding their primary residence, collectables, and consumable items.
