The world gained almost 1 million new millionaires in 2025: what explains it?

Global personal wealth increased 10.8% in 2025, registering the fastest growth since 2017 and driving the creation of almost 1 million new millionaires. The data comes from the UBS Annual Global Wealth Report, released this Tuesday (30), and represents an acceleration in relation to increases of 4.6% in 2024 and 4.2% in 2023.

The study analyzed 56 markets that, according to the Swiss bank, concentrate more than 92% of the world’s wealth.

What explains the advance in global wealth

According to UBS, the performance was mainly driven by the appreciation of financial markets and the increase in the value of different asset classes. The devaluation of the dollar against other currencies throughout the year also contributed to increasing, in dollars, the assets registered in several countries.

The bank states that wealth grew in all the markets analyzed, although at different rates. This movement led to the creation of almost 1 million new dollar millionaires in 2025, bringing the total to the highest level ever recorded by the survey. The United States accounted for more than 440,000 of these new millionaires, equivalent to almost half of global growth.

Despite the expansion of wealth, the report points out that the gains were not distributed evenly. While average wealth increased in several markets, median wealth declined in most of the countries analyzed, indicating an increase in wealth concentration.

The survey also shows that In one year, the global population of this group grew by 13.1%, reaching 3,302 people, while the wealth accumulated by billionaires increased by 25% until April 2026, above the growth observed for global wealth.

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There are currently 19 people worth more than $100 billion, 15 of whom live in the United States. Another 18 have fortunes between US$50 billion and US$100 billion, according to UBS.

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