The annual Global Wealth Report found the United States accounted for almost half of new U.S. dollar millionaires, while median wealth fell in most countries despite stronger financial markets.
Global personal wealth increased 10.8% in 2025, its fastest pace in years, and created nearly one million new U.S. dollar millionaires worldwide, according to UBS's annual Global Wealth Report published on Tuesday. The bank said the United States accounted for almost half of that increase, with more than 440,000 people becoming new U.S. dollar millionaires. UBS also said wealth measured in U.S. dollars grew disproportionately quickly in Europe because the dollar weakened against the euro last year. Despite the broad rise in average wealth, the report said inequality has deepened since 2020, with median wealth falling in most countries, underscoring a widening gap between the wealthiest households and the broader population. UBS analyzed 56 markets that it estimates represent more than 92% of global wealth.