UBS Forecasts 1 Million New Millionaires by 2025
UBS Bank's report showed that 2025 experienced unprecedented growth in personal wealth worldwide, increasing by 10.8%, resulting in nearly one million new dollar millionaires. The United States accounted for a significant portion of this growth, with over 440,000 people joining the ranks of the wealthy, representing half of the global increase. Additionally, dollar-denominated individual wealth grew at a faster pace in Europe, while challenges in widening the inequality gap between the rich and the rest of the population continued.
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