Personal wealth in 2025 grew at its fastest pace in years, creating nearly one million new U.S. dollar millionaires worldwide, according to a report by Swiss bank UBS.
Global Wealth Growth
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. The United States accounted for almost half of this growth, with over 440,000 people becoming new U.S. dollar millionaires.
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. However, 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.
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