23.6 million Americans worth $1M+
More than 23.6 million Americans are now worth seven figures or more, with 79% of that wealth coming from financial assets like stocks and bonds.
Snapshot · PBD Podcast
SCOTUS Birthright Citizenship Ruling, Trump's Crypto Payday, AI Fails at Ford | PBD Podcast #826
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Jul 1, 2026
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America's Millionaire Boom: 1,200 New Millionaires Per Day in 2025
At 38:30 · chapter starts 37:50
The episode pivots to a more optimistic story: capitalism is working, at least at the top. Patrick reads the UBS Global Wealth report findings — 440,000+ new American millionaires in 2025, nearly half the world total, with 23.6 million Americans now worth $1M or more. [1] — Patrick Bet-David "US added 1,200 millionaires/day in 2025: Over 440,000 people became millionaires in 2025, accounting for nearly half the world's new millio…" 37:50 Tom breaks down the math: two years of S&P 500 and Nasdaq 100 gains of 18–25% turned many $600K retirement accounts into million-dollar portfolios. But Jeff Snyder complicates the picture: millionaires built on passive index gains aren't a sign of a healthy economy — sustainable wealth comes from new businesses and rising incomes, not stock market momentum. Patrick then shares a cautionary personal finance story about Jacopo, a restaurant manager who died at 38 without life insurance, leaving his family with nothing. The message: don't procrastinate on financial planning. Brandon notes that most stocks are owned by the top 10% of Americans, limiting how broadly this boom is felt.
US added 1,200 millionaires/day in 2025
Over 440,000 people became millionaires in 2025, accounting for nearly half the world's new millionaires, per a UBS Global Wealth report.
America: The World's Millionaire Factory
The U.S. minted 1,200 new millionaires a day in 2025, nearly half of all new millionaires globally, driven by a surging stock market. But median American wealth fell 20% over the same period — capitalism is working at the top while the bottom slides.
U.S. median wealth fell 20% (2020-2025)
While average U.S. adult wealth climbed 10% between 2020 and 2025 net of inflation, median wealth fell by 20%, showing uneven distribution.
Trump Made a Billion in Crypto — and It's a Problem
Trump's financial disclosure revealed over $1 billion earned from crypto tokens and meme coins. Every panelist agrees: this hands opponents real ammunition, undermines his credibility, and sets a dangerous precedent for presidents profiting from assets their policies directly affect.
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