The Swiss bank projects that over the next five years the average per capita wealth will continue to grow, led by the United States and, to a lesser extent, the Great China.
Wealth grew disproportionately fast last year in the United States, where more than 379,000 people became new millionaires in US dollars, more than 1,000 a dayshowed a report published on Wednesday.
The net assets of natural persons increased 4.6% worldwide and more than 11% in America, driven by the stability of the US dollar and the optimism of financial markets, according to the Global 2025 Global Richness Report of UBS. The United States represented almost 40% of world millionaires in 2024.
In 2023, Europe, the Middle East and Africa led a rebound in world wealth after a decrease in 2022.
The Great China – which the report defines as Continental China, Hong Kong and Taiwan – headed last year the list of individuals with a net worth of 100,000 to 1 million dollars, representing 28.2%, followed by Western Europe with 25.4%and North America with 20.9%.
However, most people worldwide were below that threshold, since more than 80 % of adults in the UBS sample had a net worth of less than $ 100,000. In general, around 1.6 % registered a net worth of 1 million dollars or more, according to the report.
The Swiss bank projects that over the next five years the average per capita wealth will continue to grow, led by the United States and, to a lesser extent, the Great China.
Source: Ambito
