Saudi Arabia Added One New Millionaire Every Hour in 2025
Saudi Arabia added around 8,700 new millionaires in 2025, bringing the total to 348,000 — the highest in the Arab world.
Saudi Arabia added an average of one new millionaire every hour in 2025, as the Kingdom’s millionaire population continued to grow amid rising wealth, property values and investment opportunities.
Around 8,700 new US-dollar millionaires were added during the year. That works out to approximately 24 new millionaires every day, according to an analysis of data from the UBS Global Wealth Report 2026.
By the end of 2025, Saudi Arabia was home to approximately 348,000 US-dollar millionaires, making it the country with the largest millionaire population in the Arab world.
The Kingdom had nearly twice as many millionaires as the UAE, which ranked second in the Arab world with around 183,000.
Saudi Arabia was also the only Arab country among the world’s top 20 countries by number of US-dollar millionaires. Its millionaire population increased by approximately 2.7% during 2025.
The growth comes as investment opportunities continue to expand in the Kingdom. Rising property values, greater participation in financial investments and incentives encouraging saving and investing are among the factors that can contribute to household wealth.
The report shows that around 59% of wealth in Saudi Arabia is held in financial assets. The Kingdom also has one of the lowest debt-to-wealth ratios among the countries covered, at approximately 6%.
The increase in millionaires was not limited to Saudi Arabia. Globally, nearly one million people became US-dollar millionaires in 2025, taking the worldwide millionaire population about 1.5% higher.
This means the world added more than 2,600 new millionaires every day during the year.
The United States remains home to the world’s largest millionaire population. China ranks second with approximately 5.3 million millionaires, followed by Japan with around 2.9 million.
Germany, the United Kingdom and France follow, while Australia, South Korea, the Netherlands, Italy and Spain are also among the countries with large millionaire populations.
However, having a large number of millionaires does not necessarily mean a country has a stronger economy or that its average resident is wealthier.
Factors such as home ownership, property prices, retirement savings, financial investments, debt levels and incentives for saving can all influence how many people cross the $1 million net-worth threshold.
The figures are based on the UBS Global Wealth Report 2026, which tracks household wealth across markets representing more than 90% of global wealth.
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