The UBS Billionaire Ambitions Report 2025 reveals a new generation of billionaires is emerging. These new billionaires include entrepreneurs innovating at scale across a range of sectors and markets. At the same time, the great wealth transfer is intensifying as heirs inherit more than ever before.

This fresh wave of wealth creators and inheritors heralds a new era which will transform how families connect, collaborate and unlock opportunities across borders.

Highlights

924

billionaires in the US account for almost a third of the global billionaire population

74%

of the 924 US billionaires in 2025 are self-made

$6.9 trillion

held by US billionaires

$2.8 trillion

will transfer to US heirs over the next 15 years

196

new self-made billionaires globally, with 87 of them in the US with $171.9 billion

8.4%

average growth of wealth among women billionaires globally in 2025, 2x more than men, and continuing a trend since 2022

Cover photo of Billionaire Ambitions Report

UBS Billionaire Ambitions Report 2025

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