Reported 11 months ago
Artificial intelligence's impact on financial markets boosted the U.S. to a significant lead in millionaire growth, with 600,000 new millionaires added last year. This surge, exceeding the population of Baltimore, brought the total number of U.S. millionaires to 7.5 million. The country's millionaire growth rate of 7.3% outpaced Asia, Europe, Latin America, and other regions. The U.S. stock market, especially AI and tech stocks like Nvidia, Meta, and Tesla, played a key role in the wealth accumulation, with the S&P 500 soaring 24% in 2023. The trend continued in 2024, with record highs for major indices and tech companies.
Source: YAHOO