According to experts from Swiss bank UBS, nearly one million new millionaires emerged worldwide in 2025, with their wealth measured in US dollars. This remarkable increase was driven by robust financial markets, as reported by Reuters.
The UBS report reveals that global personal wealth surged by 10.8% in the previous year, a significant jump compared to 4.6% in 2024 and 4.2% in 2023. Experts attribute this growth to economic expansion fueled by strong financial markets, as well as the boom in artificial intelligence.
James Mazeau, an economist at UBS, noted, “This growth is partly due to stock markets. The AI boom is driving stock markets. In countries with high investor engagement and vibrant stock markets, this leads to increased wealth,” as quoted by The Guardian.
Wealth of Millionaires Grows Worldwide
In 2025, personal wealth increased at the fastest rate in years, creating nearly one million new dollar millionaires globally, according to UBS. The latest report states that there were more millionaires than ever before in 2025, with the United States accounting for nearly half of this increase, as over 440,000 individuals became new dollar millionaires.
UBS also found that wealth, when expressed in US dollars, grew disproportionately fast in Europe, largely due to last year’s decline in the dollar’s value against the euro.
The bank also noted that despite the increase in average wealth, material inequalities have deepened globally, reaching the highest levels since 2020. The median wealth has declined in most countries, highlighting the growing gap between the richest and the rest of society, UBS adds in its report.
To compile this report, UBS analyzed 56 markets, which the bank estimates represent over 92% of global wealth.
