How Many Millionaires Are in the UK?
The UK has more than 2 million dollar-millionaires and gained about 43,000 in 2025 — roughly 118 a day. The counter below estimates the number of new UK millionaires created so far this year.
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Explore CloudLearn Courses →The UK has more than 2 million dollar-millionaires — people with a net worth of at least US$1 million, including property and pensions — according to the UBS Global Wealth Report.
The UK gained around 43,000 new dollar-millionaires in 2025, ranking fifth in the world for new millionaires created.
That is roughly 118 new UK millionaires a day, driven mainly by rising asset prices rather than by high incomes.
About These Statistics
A "millionaire" is usually defined by wealth, not income. The standard measure is net worth: the total value of a person's assets — property, pensions and investments — minus their debts. Someone crosses the threshold once that net wealth reaches at least US$1 million. This is quite different from having a high income; many high earners are not millionaires, while many millionaires are not high earners.
On this definition the UK has more than 2 million dollar-millionaires, and it gained around 43,000 of them in 2025. Most of that growth comes not from wages but from rising asset prices — particularly house prices, pension pots and investment portfolios — quietly pushing more people over the US$1 million mark.
Internationally, the UK ranked fifth for new millionaires created in 2025, behind the United States, China, Japan and Germany. The United States led by a wide margin, adding more than 440,000 new millionaires in the same year.
Because the count is based on net wealth including the family home and pensions, many people classed as millionaires are asset-rich rather than cash-rich — long-standing homeowners in high-value areas, or retirees with substantial pension savings — rather than the stereotypical high-flying earner.
Some wealthy individuals have chosen to leave the UK, and millionaire emigration is a subject of ongoing debate. Even so, the total number of UK millionaires still rose in 2025, because asset-price growth added new millionaires faster than departures removed them. For more on this, see our page on millionaire migration.
These millionaire counts come from the UBS Global Wealth Report, a commercial source, and not from official UK government statistics. Figures vary between studies depending on methodology and the exchange rate used to convert wealth into US dollars.
Frequently Asked Questions
Millionaire counts from UBS, a commercial source — not official UK data
How many millionaires are there in the UK?
According to the UBS Global Wealth Report, the UK has more than 2 million dollar-millionaires (people with a net worth of at least US$1 million, including property and pensions). The exact figure varies with asset prices and exchange rates.
How many new millionaires are created in the UK each day?
The UK gained roughly 43,000 dollar-millionaires in 2025 — an average of about 118 a day. Most are created not by income but by rising asset prices, particularly property and investments pushing people over the US$1 million mark.
Is the number of UK millionaires rising or falling?
It rose in 2025, with around 43,000 added, making the UK the fifth-largest creator of new millionaires globally. Asset-price growth has been adding millionaires faster than emigration has removed them, even though some wealthy individuals have left.
Does 'millionaire' include your house and pension?
Yes. The standard definition counts total net wealth — property, pensions and investments minus debts — not annual income. That is why many UK millionaires are asset-rich homeowners or retirees rather than high earners.
New Millionaires Created in 2025 (UBS)
| Country | New Millionaires (2025) |
|---|---|
| United States | 440,000+ |
| 🇬🇧 United Kingdom | ~43,000 |
Source: UBS Global Wealth Report 2026