According to UBS, the United States contributed to nearly half of the 1 million new millionaires in 2025, averaging over 1,200 new millionaires daily, driven by an 18% rise in the U.S. stock market. This surge in wealth increased global personal wealth by 10.8%, the highest since 2017.
However, the report indicates a troubling trend: median wealth per adult in the U.S. fell by nearly 20% from 2020 to 2025, contrasting with a 10% rise in average wealth, suggesting that wealth accumulation is increasingly concentrated among the richest individuals. UBS estimates that the global millionaire population stands at 58 million, controlling about $250.6 trillion in wealth.
The report also highlights disparities among millionaires, with 'everyday millionaires' seeing a 170% increase in assets since 2000, while wealthier individuals experienced a 343% increase. The number of billionaires also rose, contributing to a nearly 25% increase in their collective net worth.
The depreciation of the U.S. dollar has further complicated global wealth dynamics, with the Americas' growth rate in personal assets at 8.5%, lagging behind Europe, the Middle East, and Africa's 17.5%.
UBS economist James Mazeau noted that the ongoing geopolitical situation, such as the Iran war, could influence high-net-worth individuals' investment strategies, particularly regarding asset allocation and currency exposure