Global wealth adds 1 million new millionaires in 2025

Global personal wealth grew at its fastest pace in nearly a decade last year, creating nearly one million new U.S. dollar millionaires worldwide, according to the annual Global Wealth Report from Swiss bank UBS. The United States accounted for almost half of this growth, adding more than 440,000 new millionaires in 2025.

The report, which analyzes 56 markets representing over 92 percent of global wealth, found total personal wealth rose by 10.8 percent in dollar terms last year. This marked a significant acceleration from growth of 4.6 percent in 2024 and 4.2 percent in 2023. The increase boosted the global millionaire population by 1.5 percent to approximately 57.5 million people.

Wealth growth was strongest in Europe, the Middle East, and Africa, where it reached 17.5 percent, a figure UBS said was helped by a weaker dollar. The Americas saw growth of 8.5 percent, while the Asia-Pacific region recorded a 5.9 percent increase. The report attributed the global surge primarily to strong financial market performance and rising real estate values in most economies.

The United States and mainland China together hold over half of global personal wealth. While the U.S. saw robust...