According to Capgemini's World Wealth Report 2025, the U.S. experienced a 7.6% rise in its high-net-worth individual (HNWI) population in 2024, adding about 562,000 new millionaires. This growth was largely driven by a robust stock market, with significant contributions from tech companies like Nvidia, which alone accounted for 22% of the S&P 500's gains. Additionally, a favorable interest rate environment contributed to the surge in wealth.
The collective wealth of U.S. HNWIs increased by 9.1% during the same period, making the United States the largest contributor to global millionaire expansion. This trend underscores the importance of strategic financial planning and investment in wealth accumulation.
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