Zurich, 30 June 2026 – In 2025, global personal wealth rose by 10.8% in USD terms, significantly outpacing growth seen in 2024 (4.6%) and 2023 (4.2%). Wealth growth was strongest in Europe, the Middle East and Africa (EMEA), at 17.5%, followed by the Americas at 8.5%. Asia‑Pacific (APAC) recorded growth of 5.9%, an acceleration from 2024. These regional differences partly reflect currency movements – most notably the depreciation of the US dollar – which amplified wealth increases outside the United States.The 17th edition of the Global Wealth Report highlights the following global and regional developments:

  • Adults in North America remained the wealthiest on average, with average wealth per adult of USD 660,000, followed by Australia and New Zealand at almost USD 590,000, while Western Europe reached over USD 330,000.
  • Switzerland continued to top the ranking for average wealth per adult at USD 910,382, followed by the United States and Luxembourg.
  • Since 2020, South Korea has led growth in real average wealth per adult across the markets analyzed, with gains of over 50%, alongside strong increases above 25% in Croatia, Norway, Latvia, Taiwan, and Bulgaria.
  • The number of USD millionaires rose by 1.5% in 2025, equivalent to nearly one million new millionaires globally, or more than 2,600 per day.
  • The United States accounted for almost half of newly created millionaires in 2025, adding more than 440,000 individuals, followed by mainland China, Japan, Germany, the United Kingdom, and France, each counting over 2 million millionaires in total.
  • Over half of global personal wealth remained concentrated in the United States and mainland China combined, underscoring their continued dominance.
  • The proportion of adults in the lowest wealth band, i.e. below USD 10,000, dropped from almost 75% in 2000 to just over 41% in 2025, even as middle and higher segments expanded.
  • Looking at developments since 2020, global wealth trends revealed a growing divergence between average wealth and median outcomes, underscoring uneven gains across households.

Iqbal Khan, Co-President UBS Global Wealth Management, said:“Global wealth is evolving at pace, with growth increasingly shaped by shifting economic conditions, technological change and new sources of opportunity across markets. For clients, these dynamics bring both complexity and choice. In this environment, having the right insights and a trusted partner is essential – helping them navigate uncertainty, seize global opportunities and make confident, long-term decisions to protect and grow their wealth”

Robert Karofsky, Co-President UBS Global Wealth Management, added: “Global wealth rose for a third consecutive year – and at a notably stronger pace, with average individual wealth increasing at a rate far outstripping global economic growth. In this environment, disciplined stewardship matters more than ever. Clients are turning to trusted partners with global reach, local insights and integrated capabilities to help them manage, grow and preserve what matters most to them.”

Table 1: Wealth per adult in USD: the top 30

Market

Average wealth

 

Market

Median wealth

Switzerland

910,382

1

Luxembourg

394,005

United States

696,277

2

Belgium

277,166

Luxembourg

654,732

3

Australia

210,783

Hong Kong SAR

648,267

4

New Zealand

206,617

Australia

616,306

5

Denmark

203,771

Singapore

527,217

6

Hong Kong SAR

187,968

Denmark

523,344

7

Canada

147,811

New Zealand

449,852

8

Switzerland

145,555

Norway

425,391

9

Norway

140,003

Netherlands

415,287

10

Japan

135,745

Belgium

407,920

11

Italy

131,001

Sweden

406,406

12

Netherlands

127,407

Canada

399,886

13

United Kingdom

125,335

Germany

346,613

14

France

121,898

France

341,359

15

Malta

114,033

Taiwan

332,533

16

Taiwan

113,137

Ireland

314,167

17

Spain

111,575

Israel

312,108

18

South Korea

101,739

South Korea

311,260

19

Ireland

98,413

Spain

306,412

20

Singapore

96,434

United Kingdom

292,808

21

Qatar

95,499

Austria

279,989

22

Finland

89,695

Italy

279,439

23

Sweden

84,039

Japan

211,846

24

Israel

83,843

Finland

209,135

25

Slovenia

81,366

Portugal

195,761

26

Portugal

76,978

Qatar

188,505

27

Austria

71,378

Malta

163,655

28

United States (15)

68,998

United Arab Emirates

157,612

29

Greece

59,162

Greece

143,343

30

Germany

53,485

Higher wealth segments gained momentum

Growth was particularly strong in wealth segments above USD 5 million – the “bigger siblings” of everyday millionaires (EMILLIs) with assets between USD 1 million and USD 5 million – which represent a fast growing group within the global affluent population. These higher tiers, spanning USD 5 million to USD 100 million, have been expanding rapidly in both number and total wealth.

This acceleration was especially pronounced in markets such as mainland China, Australia, and the United States, highlighting the increasing dynamism and depth of growth at the very top of the wealth spectrum.

Beyond the expansion of wealth across higher segments, the report highlights how asset composition has been shaping outcomes. For many households, particularly up to EMILLI level, residential property remained the dominant asset, which can limit participation in market-driven gains. At the same time, the share of liquid, investable assets has increased over the past decade across key selected markets, with high average wealth per adult, pointing to a gradual shift toward more market-linked wealth.

Looking ahead, while global wealth is likely to continue growing, outcomes will increasingly depend on access to investable assets and the ability to diversify, shaping how widely future gains will be shared.

UBS Switzerland AG

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