Nearly one million people worldwide became millionaires in 2025, UBS report finds

Total personal wealth globally rose by ‌10.8 percent last ‌year, UBS found. (Reuters)

• The United States, where over ⁠440,000 people became new US ‌dollar millionaires, ‌accounted for almost half of this ‌growth
• Wealth in US dollar ‌terms grew disproportionately quickly in Europe, largely due to last year’s depreciation of the dollar compared to the ‌euro

ZURICH: Personal ‌wealth in 2025 grew at its fastest pace in years, creating nearly one million new US 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 percent last ‌year, up from 4.6 percent in ‌2024 ⁠and 4.2 percent 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 US ‌dollar millionaires, ‌accounted for almost half of this ‌growth.
Wealth in US 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 analyzed 56 markets it estimates to represent over 92 percent of the world’s wealth.