Global Wealth Report 2026: Global wealth rose over 10% in 2025

In 2025, global wealth expanded at its fastest pace since 2017, marking the third consecutive year of growth. The latest edition of the UBS Global Wealth Report shows a broad-based increase in personal wealth, driven by strong financial markets and rising non‑financial assets, with average wealth growing faster than global economic output. However, gains were uneven, with differences across regions and wealth segments.

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.”

Niels Zilkens, Head Wealth Management Middle East at UBS, noted:

“Saudi Arabia and the UAE exemplify the remarkable growth in wealth creation across the Middle East. In the UAE, average wealth has risen by approximately 25% and median wealth by over 40% since 2020—making it one of the strongest performers in our global analysis. Saudi Arabia, meanwhile, has also achieved steady gains on both fronts. Together, these two markets are now home to more than half a million US dollar millionaires, with debt levels remaining low at around 6% of total wealth. This momentum is creating new demand for sophisticated advice, as clients seek to diversify and preserve their growing wealth, underscoring the importance of prudent stewardship, diversification, and trusted guidance.”

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.