<ul><li>The US added 562,000 new millionaires in 2024 due to a booming stock market and favorable interest rate environment.</li><li>The S&P 500 and Nasdaq surged, with Nvidia contributing 22% of the S&P's gains, leading to significant wealth growth.</li><li>Gen X, millennials, and Gen Z are expected to inherit trillions, with an estimated $83.5 trillion wealth transfer by 2048.</li><li>Global wealth for high-net-worth individuals (HNWIs) increased by 4.2%, with North America experiencing the highest rise in wealth and population.</li></ul>

The US gained 562,000 millionaires last year as the stock market soared

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