Global Millionaires Jump by 2 Million in 2025 as Stock Rally Lifts Wealth to $98.3 Trillion
Updated
Updated · CNBC · Jun 4
Global Millionaires Jump by 2 Million in 2025 as Stock Rally Lifts Wealth to $98.3 Trillion
3 articles · Updated · CNBC · Jun 4
Summary
25.3 million people held at least $1 million in investible assets in 2025, up 7.9% from a year earlier, as nearly 2 million new millionaires were created worldwide.
8.7% growth lifted their combined wealth to $98.3 trillion—the fastest increase in five years—while higher equity exposure and lower cash holdings pointed to a broad risk-on shift.
250,000 ultra-high-net-worth individuals with $30 million or more grew even faster, with their population up 9.4% and their wealth up 9.7%; they now make up 1% of millionaires but control 35% of the wealth.
730,000 new U.S. millionaires drove much of the expansion, taking the national total to 8.73 million, while Asia's millionaire population reached 8.3 million as Korea and Taiwan outpaced China.
25% of millionaires now use four to six advisors—double 2019's share—highlighting how the wealth boom is also reshaping competition among banks, RIAs, roboadvisors and family offices.
With HNWI dissatisfaction rising and AI transforming services, will traditional wealth managers survive the coming 'Great Reordering' of global finance?
Could the explosive growth of millionaires in Asia and the shift to Hong Kong signal a permanent eastward shift in global wealth power?