Global personal wealth grew 10.8% in 2025, creating nearly 1 million new millionaires

Global personal wealth experienced its most robust growth in years during 2025, with total wealth increasing by 10.8%, a significant jump from 4.6% in 2024 and 4.2% in 2023, according to UBS's annual Global Wealth Report. This surge created nearly one million new U.S. dollar millionaires worldwide, driven by strong financial markets. The United States was a major contributor, accounting for almost half of this growth with over 440,000 new millionaires.

Wealth in U.S. dollar terms saw disproportionately rapid growth in Europe, largely attributed to the dollar's depreciation against the euro over the past year. Despite the overall rise in average wealth, the report highlighted a deepening trend of inequality since 2020. Median wealth, a better indicator for the middle class, declined in most countries, underscoring a widening gap between the wealthiest individuals and the broader population. UBS based its findings on an analysis of 56 markets, which collectively represent over 92% of the world's total wealth.