UBS Global Wealth Report 2025: 60 Million HNW Population with $226 Trillion Wealth Representing 48.1% of Total Wealth, 2,891 Billionaires with $15.6 Trillion Wealth, Top 10 Countries with Most Millionaires are United States, China, France, Japan, Germany, United Kingdom, Canada, Australia, Italy, South Korea, Top 8 Asia Countries with Most Millionaires are China, Japan, Australia, South Korea, India, Taiwan, Hong Kong, Singapore, Top 5 Countries Average Wealth – Switzerland $687,000, United States $620,000, Hong Kong $601,000, Luxembourg $566,000, Australia $516,000, Top 5 Countries Median Wealth are Luxembourg $395,000, Australia $268,000, Belgium $253,000, Hong Kong $222,000, Denmark $216,000, Hong Kong with 647,000 Millionaires, $601,000 Average Wealth, $222,000 Median Wealth, Singapore with 331,000 Millionaires, $441,000 Average Wealth, $113,000 Median Wealth

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UBS Global Wealth Report 2025: 60 Million HNW Population with $226 Trillion Wealth Representing 48.1% of Total Wealth, 2,891 Billionaires with $15.6 Trillion Wealth, Top 10 Countries with Most Millionaires are United States, China, France, Japan, Germany, United Kingdom, Canada, Australia, Italy, South Korea, Top 8 Asia Countries with Most Millionaires are China, Japan, Australia, South Korea, India, Taiwan, Hong Kong, Singapore, Top 5 Countries Average Wealth – Switzerland $687,000, United States $620,000, Hong Kong $601,000, Luxembourg $566,000, Australia $516,000, Top 5 Countries Median Wealth are Luxembourg $395,000, Australia $268,000, Belgium $253,000, Hong Kong $222,000, Denmark $216,000, Hong Kong with 647,000 Millionaires, $601,000 Average Wealth, $222,000 Median Wealth, Singapore with 331,000 Millionaires, $441,000 Average Wealth, $113,000 Median Wealth

3rd July | Hong Kong

UBS has released the UBS Global Wealth Report 2025, providing key insights on global wealth, millionaires & billionaires.  In 2024, HNW with > $1 million – 60 million HNW population with $226.4 trillion wealth (48.1% of wealth).  Individuals with $100k to $1 million – 628 million with $184.5 trillion wealth (39.2%).  Individuals with $10k to $100k – 1.57 billion with $56.8 trillion wealth (12.1%).  Individuals with less than $10k – 1.55 billion with $2.7 trillion wealth (0.6%).  Total billionaires – 2,891 billionaires with $15.6 trillion wealth.  Billionaires with > $50 billion – 15 with $2.3 trillion wealth.  Billionaires with $50 billion to $100 billion – 16 with $1.1 trillion wealth.  Billionaires with $1 billion to $50 billion – 2,860 with $12.1 trillion wealth.  Average Wealth Per Adult in 2024 – Americas $311,000, APAC $66,000, EMEA $167,000.  2024 Global Wealth by Region – Americas 39.3%, APAC 34.9%, EMEA 24.8%.  2024 HNW Wealth by Region (> $1 million) – Americas 44.8%, APAC 25.7%, EMEA 29.3%.  2024 Affluent Wealth by Region ($100k to $1 million) – Americas 23.8%, APAC 46%, EMEA 30.1%.  Country with with Most Millionaires in 2024 – United States with 23.8 million.  Country with with 2nd Most Millionaires in 2024 – China with 6.3 million.  Country with with 3rd Most Millionaires in 2024 – France with 2.8 million.  Top 10 Countries with Most Millionaires in 2024 – United States, China, France, Japan, Germany, United Kingdom, Canada, Australia, Italy, South Korea.  Top 8 Asia Countries with Most Millionaires in 2024 – China, Japan, Australia, South Korea, India, Taiwan, Hong Kong, Singapore.  Top 5 Countries Average Wealth – Switzerland $687,000, United States $620,000, Hong Kong $601,000, Luxembourg $566,000, Australia $516,000.  Top 5 Countries Median Wealth (50th Percentile) – Luxembourg $395,000, Australia $268,000, Belgium $253,000, Hong Kong $222,000, Denmark $216,000.  Top 10 Wealth Growth in 2024 – Denmark, South Korea, Sweden, Poland, Spain, Netherlands, United States, Israel, Greece, Hungary.  Top 10 Countries with Unequal Wealth – Brazil, Russia, South Africa, United Arab Emirates, Saudi Arabia, Sweden, United States, India, Turkey, Mexico.  Hong Kong Wealth – 647,000 millionaires, $601,000 average wealth, $222,000 median wealth.  Singapore Wealth – 331,000 millionaires, $441,000 average wealth, $113,000 median wealth.  See below for key findings & summary | View report here

“ UBS Global Wealth Report 2025: 60 Million HNW Population with $226 Trillion Wealth Representing 48.1% of Total Wealth, 2,891 Billionaires with $15.6 Trillion Wealth, Top 10 Countries with Most Millionaires are United States, China, France, Japan, Germany, United Kingdom, Canada, Australia, Italy, South Korea, Top 8 Asia Countries with Most Millionaires are China, Japan, Australia, South Korea, India, Taiwan, Hong Kong, Singapore, Top 5 Countries Average Wealth – Switzerland $687,000, United States $620,000, Hong Kong $601,000, Luxembourg $566,000, Australia $516,000, Top 5 Countries Median Wealth are Luxembourg $395,000, Australia $268,000, Belgium $253,000, Hong Kong $222,000, Denmark $216,000, Hong Kong with 647,000 Millionaires, $601,000 Average Wealth, $222,000 Median Wealth, Singapore with 331,000 Millionaires, $441,000 Average Wealth, $113,000 Median Wealth “

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UBS Global Wealth Report 2025: 60 Million HNW Population with $226 Trillion Wealth Representing 48.1% of Total Wealth, 2,891 Billionaires with $15.6 Trillion Wealth, Top 10 Countries with Most Millionaires are United States, China, France, Japan, Germany, United Kingdom, Canada, Australia, Italy, South Korea, Top 8 Asia Countries with Most Millionaires are China, Japan, Australia, South Korea, India, Taiwan, Hong Kong, Singapore, Top 5 Countries Average Wealth – Switzerland $687,000, United States $620,000, Hong Kong $601,000, Luxembourg $566,000, Australia $516,000, Top 5 Countries Median Wealth are Luxembourg $395,000, Australia $268,000, Belgium $253,000, Hong Kong $222,000, Denmark $216,000, Hong Kong with 647,000 Millionaires, $601,000 Average Wealth, $222,000 Median Wealth, Singapore with 331,000 Millionaires, $441,000 Average Wealth, $113,000 Median Wealth

UBS has released the UBS Global Wealth Report 2025, providing key insights on global wealth, millionaires & billionaires.  See below for key findings & summary | View report here

UBS Global Wealth Report 2025

Summary

1. HNW with > $1 million – 60 million HNW population with $226.4 trillion wealth (48.1% of wealth)
2. Individuals with $100k to $1 million – 628 million with $184.5 trillion wealth (39.2%)
3. Individuals with $10k to $100k – 1.57 billion with $56.8 trillion wealth (12.1%)
4. Individuals with less than $10k – 1.55 billion with $2.7 trillion wealth (0.6%)
5. Total billionaires – 2,891 with $15.6 trillion wealth
6. Billionaires with > $50 billion – 15 with $2.3 trillion wealth
7. Billionaires with $50 billion to $100 billion – 16 with $1.1 trillion wealth
8. Billionaires with $1 billion to $50 billion – 2,860 with $12.1 trillion wealth
9. Average Wealth Per Adult in 2024 – Americas $311,000, APAC $66,000, EMEA $167,000
10. 2024 Global Wealth by Region – Americas 39.3%, APAC 34.9%, EMEA 24.8%
11. 2024 HNW Wealth by Region (> $1 million) – Americas 44.8%, APAC 25.7%, EMEA 29.3%
12. 2024 Affluent Wealth by Region ($100k to $1 million) – Americas 23.8%, APAC 46%, EMEA 30.1%

Summary – Countries Millionaires & Wealth

1. Country with with Most Millionaires in 2024 – United States with 23.8 million
2. Country with with 2nd Most Millionaires in 2024 – China with 6.3 million
3. Country with with 3rd Most Millionaires in 2024 – France with 2.8 million
4. Top 10 Countries with Most Millionaires in 2024 – United States, China, France, Japan, Germany, United Kingdom, Canada, Australia, Italy, South Korea
5. Top 8 Asia Countries with Most Millionaires in 2024 – China, Japan, Australia, South Korea, India, Taiwan, Hong Kong, Singapore
6. Top 5 Countries Average Wealth – Switzerland $687,000, United States $620,000, Hong Kong $601,000, Luxembourg $566,000, Australia $516,000
7. Top 5 Countries Median Wealth (50th Percentile) – Luxembourg $395,000, Australia $268,000, Belgium $253,000, Hong Kong $222,000, Denmark $216,000
8. Top 10 Wealth Growth in 2024 – Denmark, South Korea, Sweden, Poland, Spain, Netherlands, United States, Israel, Greece, Hungary
9. Top 10 Countries with Unequal Wealth – Brazil, Russia, South Africa, United Arab Emirates, Saudi Arabia, Sweden, United States, India, Turkey, Mexico
10. Hong Kong Wealth – 647,000 millionaires, $601,000 average wealth, $222,000 median wealth  
11. Singapore Wealth – 331,000 millionaires, $441,000 average wealth, $113,000 median wealth

UBS Global Wealth Report 2025

1) Global Wealth Overview

2024 Global Wealth Population:

• HNW with > $1 million – 60 million (1.6% of population)
• $100 k to $1 million – 628 million (16.4%)
• $10k to $100k – 1.57 billion (41.3%)
• Less than $10k – 1.55 billion (40.7%)

2024 Wealth Distribution:

• 60 million HNW with > $1 million – $226.4 trillion wealth (48.1% of wealth)
• 628 million with $100 k to $1 million – $184.5 trillion wealth (39.2%)
• 1.57 billion with $10k to $100k – $56.8 trillion wealth (12.1%)
• 1.55 billion with less than $10k – $2.7 trillion wealth (0.6%)

2024 Billionaire Population:

• More than $50 billion – 15 billionaires
• $50 billion to $100 billion – 16 billionaires
• $1 billion to $50 billion – 2,860 billionaires
• Total billionaires – 2,891 billionaires

Billionaires Wealth 2024 Total Wealth:

• 15 billionaires with > $100 billion – $2.3 trillion wealth
• 16 billionaires with $50 billion to $100 billion – $1.1 trillion wealth
• 2,860 billionaires with $1 billion to $50 billion – $12.1 trillion wealth
• Total billionaires wealth – $15.6 trillion wealth

Average Wealth Per Adult in 2024:

• Americas – $311,000
• APAC – $66,000
• EMEA – $167,000

Average Wealth Per Adult in 2024 – Breakdown:

• North America – $593,000
• Oceania – $496,000
• Western Europe – $287,000
• Greater China – $88,000
• Middle East & Africa – $81,000
• Eastern Europe – $48,000
• Southeast Asia – $40,000
• Latin America – $34,000

2) Wealth by Region

2024 Millionaires by Region:

• North America – 43.2%
• Western Europe – 26.2%
• Greater China – 12.9%
• Southeast Asia – 9.3%
• Oceania – 3.6%
• Eastern Europe – 1.7%
• Latin America – 1.6%
• Middle East & Africa –  1.5%

2024 Global Wealth by Region:

• Americas – 39.3%
• APAC – 35.9%
• EMEA – 24.8%

2024 HNW Wealth by Region (> $1 million):

• Americas – 44.8%
• APAC – 25.7%
• EMEA – 29.3%

2024 Affluent Wealth by Region ($100k to $1 million):

• Americas – 23.8%
• APAC – 46%
• EMEA – 30.1%

EMEA ~ Europe, Middle East, and Africa

3) Millionaire Population

Countries with Most Millionaires in 2024:

1. United States – 23.8 million
2. China – 6.3 million
3. France – 2.8 million
4. Japan – 2.7 million
5. Germany – 2.6 million
6. United Kingdom – 2.6 million
7. Canada – 2 million
8. Australia – 1.9 million
9. Italy – 1.3 million
10. South Korea – 1.3 million
11. Netherlands – 1.2 million
12. Spain – 1.2 million
13. Switzerland – 1.1 million
14. India – 917,000
15. Taiwan – 759,000
16. Hong Kong – 647,000
17. Belgium – 549,000
18. Sweden – 490,000
19. Brazil – 433,000
20. Russia – 426,000
21. Mexico – 399,000
22. Denmark – 376,000
23. Norway – 348,000
24. Saudi Arabia – 339,000
25. Singapore – 331,000

Top 8 APAC Countries with Most Millionaires in 2024:

1. China – 6.3 million
2. Japan – 2.7 million
3. Australia – 1.9 million
4. South Korea – 1.3 million
5. India – 917,000
6. Taiwan – 759,000
7. Hong Kong – 647,000
8. Singapore – 331,000

4) Top Countries by Average Wealth 

Top 25 Countries Average Wealth:

1. Switzerland – $687,000
2. United States – $620,000
3. Hong Kong – $601,000
4. Luxembourg – $566,000
5. Australia – $516,000
6. Denmark – $481,000
7. Singapore – $441,000
8. New Zealand – $393,000
9. Netherlands – $370,000
10. Norway – $368,000
11. Canada – $365,000
12. Belgium – $349,000
13. United Kingdom – $339,000
14. Sweden – $334,000
15. Taiwan – $312,000
16. France – $301,000
17. Israel – $284,000
18. Ireland – $258,000
19. Germany – $256,000
20. South Korea – $251,000
21. Austria – $243,000
22. Spain – $233,000
23. Italy – $214,000
24. Japan – $205,000
25. Finland – $183,000

Top 25 Countries Median Wealth (50th Percentile):

1. Luxembourg – $395,000
2. Australia – $268,000
3. Belgium – $253,000
4. Hong Kong – $222,000
5. Denmark – $216,000
6. New Zealand – $207,000
7. Switzerland – $182,000
8. United Kingdom – $176,000
9. Canada – $151,000
10. France – $146,000
11. Norway – $142,000
12. Netherlands – $131,000
13. Spain – $126,000
14. Italy – $124,000
15. United States – $124,000
16. Malta – $120,000
17. Taiwan – $114,000
18. Singapore – $113,000
19. Ireland – $105,000
20. South Korea – $10,000
21. Japan – $102,000
22. Qatar – $102,000
23. Finland – $94,000
24. Sweden – $89,000
25. Israel – $88,000

5) Global Wealth Growth in 2024

Wealth Growth in 2024:

• Americas: +11.35%
• APAC: +2.85%
• EMEA: +0.44%
• Global: +4.6%

Wealth Growth in 2024 by Region:

• Eastern Europe: +12.01%
• North America: +11.98%
• Middle East & Africa: +4.23%
• Greater China: +3.42%
• Southeast Asia: +2.67%
• Western Europe: -1.48%
• Oceania: -1.54%
• Latin America: -4.28%

Top 23 Countries Wealth Growth in 2024:

1. Denmark 
2. South Korea
3. Sweden
4. Poland 
5. Spain
6. Netherlands
7. United States
8. Israel
9. Greece
10. Hungary
11. Brazil
12. Portugal
13. Taiwan
14. Mainland China
15. Norway
16. Singapore
17. Canada
18. Australia
19. Italy
20. Switzerland
21. Germany
22. Hong Kong
23. Japan

6) Wealth Inequality 

2024 Biggest Wealth Inequality by Countries:

1. Brazil – 0.82
2. Russia – 0.82
3. South Africa – 0.81
4. United Arab Emirates – 0.81
5. Saudi Arabia – 0.78
6. Sweden – 0.75
7. United States – 0.74 
8. India – 0.74
9. Turkey – 0.73
10. Mexico – 0.72
11. Singapore – 0.70
12. Germany – 0.68
13. Switzerland – 0.67
14. Israel – 0.66
15. Netherlands – 0.65
16. Hong Kong – 0.63
17. China – 0.62
18. Portugal – 0.61
19. Greece – 0.60
20. Taiwan – 0.60
21. France – 0.59
22. United Kingdom – 0.58
23. South Korea – 0.57
24. Poland – 0.57
25. Italy – 0.57
26. Spain – 0.56
27. Australia – 0.55
28. Luxembourg – 0.55
29. Japan – 0.54
30. Qatar – 0.47
31. Belgium – 0.47
32. Slovakia – 0.38

Wealth Inequality is measured by Gini index ~ Higher score indicates higher inequality, a lower score indicates a more equal distribution of wealth.

UBS Global Wealth Report 2025

The Global Wealth Report has been providing leading insights into personal wealth for sixteen years and has become the reference point for those interested in the trends shaping wealth across the world. The latest edition analyses 56 markets, which are estimated to represent over 92% of the world’s wealth.

UBS – UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.1 trillion dollars of invested assets as per fourth quarter 2024. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

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