Record number of new millionaires emerged globally in 2025: UBS

Global personal wealth experienced a significant surge in 2025, leading to a record number of individuals achieving millionaire status, as detailed in the annual UBS Global Wealth Report. Swiss bank UBS estimates that nearly one million people worldwide became US dollar millionaires last year, averaging approximately 2,600 new millionaires each day.

The United States saw the largest increase, adding over 440,000 new millionaires, followed by China. Other countries with substantial growth in their millionaire population include Japan, Germany, Britain, and France. The report, which assesses personal wealth trends including financial and non-financial assets like property, minus debts, converted into dollars, noted a continued expansion of wealth globally.

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The real story is one of continued expansion: more people moving up the wealth ladder.

Global personal wealth rose by 10.8 percent in dollar terms during 2025, a notable acceleration compared to the 4.6 percent growth in 2024 and 4.2 percent in 2023. Wealth growth was particularly strong in Europe, the Middle East, and Africa, with a 17.5 percent increase, partly attributed to a weaker dollar. The Americas followed with 8.5 percent growth, while the Asia-Pacific region saw a 5.9 percent rise.

While over half of global personal wealth remains concentrated in the United States and China, the report highlighted that rising property values played a crucial role in propelling many individuals into millionaire status. Owner-occupied property is identified as the single largest asset for most people up to the millionaire level. The report also noted an increase in billionaires, with 3,302 counted across 47 markets, over 1,000 of whom reside in the United States.

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The gains… point to a world that kept building wealth, deepening its affluent population and extending a long-running upward trend.