Amsterdam News: Owning a home remains a path to wealth, but Black homeowners need to safeguard their future
Many of the world’s millionaires reside in the United States, with much of their wealth coming from property ownership.
According to a new report by UBS, the world’s largest private bank, strong financial markets in the United States in 2024 boosted the number of millionaires in this country. Data from UBS’s recently released “Global Wealth Report” shows that financial power increased for individuals by 4.6% in 2024. Of all the world’s regions, wealth grew in the Americas the most, and predominantly in North America: “The world’s USD [United States dollar] millionaires own nearly half of the entire personal wealth identified in our sample,” the UBS report states, “and North America is their main host: four out of 10 millionaires are based there, a significantly higher number than in any other region.”