Millionaire numbers hit new high in 2025

Personal wealth in 2025 grew at its fastest pace in years, creating ​nearly one million new U.S. dollar ‌millionaires worldwide, Swiss bank UBS said in its annual Global Wealth Report published on Tuesday.

Here are ​some details:

Total personal wealth globally rose ​by 10.8% last year, up from 4.6% ⁠in 2024 and 4.2% in 2023, as ​strong financial markets boosted growth, UBS found.

There ​were "more millionaires than ever, everywhere" in 2025, the bank said. The United States, where over 440,000 people ​became new U.S. dollar millionaires, accounted for ​almost half of this growth.

Wealth in U.S. dollar terms ‌grew ⁠disproportionately quickly in Europe, largely due to last year's depreciation of the dollar compared to the euro, UBS found.

While average wealth ​rose, inequality ​has deepened ⁠since 2020, UBS said. Median wealth, which better reflects the middle ​of the scale, declined in most ​countries, ⁠highlighting a growing divide between the wealthiest and the broader population, the bank added.

For ⁠the ​report, UBS analysed 56 markets ​it estimates to represent over 92% of the world's ​wealth.

-Reuters