Global personal wealth grew at its fastest pace in years in 2025, creating nearly one million new US dollar millionaires, according to the latest UBS Global Wealth Report. Strong financial markets and rising asset prices were the main drivers behind the surge.
UBS said global personal wealth increased by 10.8% last year, more than doubling the growth rate recorded in 2024. The report estimates that around 900,000 people joined the ranks of dollar millionaires during the year, pushing the global total to a new record.
The United States accounted for nearly half of all new millionaires, adding more than 440,000 people with net assets exceeding $1 million. Strong gains in stock markets, particularly in technology and AI-related companies, played a major role in boosting household wealth.
The report also found that wealth growth extended beyond millionaires:
- Global personal wealth rose 10.8% in 2025.
- Nearly one million people became new dollar millionaires.
- The US created over 440,000 new millionaires, the highest of any country.
- The number of billionaires and ultra-wealthy individuals also continued to increase.
Despite the strong headline figures, UBS noted that the gains were not evenly distributed. In many countries, average wealth increased thanks to booming financial markets, while median wealth declined, highlighting that much of the growth was concentrated among wealthier households.
For investors, the report reinforces the powerful impact that equity markets and AI-driven gains had on wealth creation in 2025. At the same time, it underscores the growing gap between asset owners and the broader population as wealth continues to accumulate at the top.
