South Korea Reaches 1.3 Million Millionaires, Entering Global Top 10 in 2025

1 articles · Updated · Aju Press · Jul 1

South Korea counted 1.3 million millionaires in 2025, tying the Netherlands for eighth place globally in UBS's Global Wealth Report 2026.
UBS linked the jump to a bull run it described as unprecedented by global standards, part of a broader 2025 rise that pushed millionaire totals to records across all tracked markets.
The United States remained the largest millionaire market with 23.6 million people and created more than 440,000 new millionaires in 2025—nearly half the global total—helped by strong financial markets.
Wealth gains were still uneven: U.S. average wealth per adult rose nearly 10% after inflation from 2020 to 2025, while median wealth fell almost 20%, indicating gains concentrated at the top.
Globally, people with $50 million to $100 million in net assets were the fastest-growing wealth bracket over five years, while Lithuania posted the quickest 2025 millionaire growth rate at 8%.