Where Data Tells the Story
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Nearly a million new millionaires were created worldwide in the year from 2024 to 2025.
That works out to more than 2,600 every single day. Almost half of them live in one country.
The visualization above shows growth in the number of USD millionaires by country between the years mentioned earlier.
It is based on data from the UBS Global Wealth Report 2026, published July 1.
The United States added 441,078 new dollar millionaires in the period, representing approximately 46.6% of the tracked total across 31 markets.
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Russia added 21,951 new millionaires, a growth rate of 5.2%, higher than those of the United States (1.9%), the United Kingdom (1.8%), Germany (0.9%), France (1.5%), and every other G7 economy in the dataset.
Russia has been under comprehensive Western sanctions since 2022. Its banking system has been disconnected from international settlement networks.
Hundreds of billions in private assets have been targeted for seizure by Western governments.
The 5.2% growth rate does not suggest sanctions have had no effect. But it documents that Russian millionaire creation continued in 2025 at a faster pace than in most developed economies.
Oil and gas revenues flowing to China, India and other non-sanctioning markets have generated domestic wealth that the sanctions framework was designed to prevent from accumulating.
The data does not render a verdict on sanctions effectiveness broadly, but it records what happened to Russian millionaire numbers while they were in place.
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