The U.S. now accounts for about 40% of the world’s millionaires, despite representing only 4% of the global population. Just how fast the world’s largest and richest economy generates wealth was captured, along with several other takeaways, by the 2025 edition of the UBS Global Wealth Report. The report aims to provide “a clear and detailed picture of wealth generation and distribution in over 50 key markets across the globe,” with some deep dives into particular topics for key markets. UBS said its global sample comprised nearly 60 million USD millionaires worldwide, owning approximately $226.47 trillion worth of combined assets.
UBS found that, after a dip in 2022, global wealth rebounded strongly in 2023 and accelerated further in 2024. Total global personal wealth rose by 4.6% in USD terms in 2024, up from 4.2% the previous year. This growth was not uniform, however, as regional disparities persisted.
