Global wealth shifts with a million new millionaires
Global wealth continued to grow in 2025 for the third consecutive year, outpacing the expansion of the global economy. This growth was driven by rising asset values, exchange rate movements, and the transfer of wealth between generations. Western Europe experienced the largest gains at 17%, while North America saw an increase of 8.8%, and China's wealth grew by 4.6%. There was also a rise in the number of millionaires, with approximately one million new billionaires added, while more than half of total personal wealth is concentrated in two major markets: the United States and China. Wealth is increasingly influenced by demographic and socioeconomic shifts, reshaping the distribution of wealth worldwide.
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