2026年全球超高净值财富报告 World Ultra Wealth Report 2026

ALTRATA

WorldUltraWealthReport2026

Thoughtleadership

WorldUItraWealthReport2026

ALTRATA

TomWoodward

ChiefFinancialOfficer

GlennBrien

ChiefRevenueOfficer

OliviaLogan

VicePresident,Marketing

andCorporateDevelopment

Mayalmberg

SeniorDirector,HeadofThoughtLeadershipandAnalytics

MaeenShaban

DirectorofResearchandAnalytics

BrinSullivan

ContentMarketingManager

Design

GaetanoMedulla

JuniorGraphicDesigner

Altrata.June2026.

Thispublicationisforyourinformationonlyandisnotintendedasanoffer,orasolicitationofanoffer,tobuyorsellanyproductorotherspecificservice.Allinformationandopinionsindicatedaresubjecttochangewithoutnotice.

Contents

01Keyfindings1

02Introduction2

03Asegmentoftheutmostinfluence3

04Theultrawealthyin20257

05Regional,countryandcityperformance9

06Theviewaheadto203017

07Regionaldifferences21

08Methodology27

09AboutAltrata28

AltrataIWorldUltraWealthReport2026

Keyfindings

Theworld'srichestindividualscontinuedtoexperiencedynamicwealthgainsin2025.

TheglobalUHNWpopulationexpanded

by14.4%toanewall-timehighof556,850

individualsin2025.Thismarkedasecond

consecutivedouble-digitexpansionand

thestrongestannualgrowthsince2017.

TotalwealthoftheUHNWclasssurged

to$63.8tnin2025,morethandoublethe

annualGDPoftheUSeconomy.

Thesizeandwealthoftheultrawealthy

classhaveswelledrapidlyoverthepast

twodecades.Since2004,theUHNW

populationhasgrownbyacumulative

255%,outpacingtheexpansionofthe

globaladultpopulationbyafactorofseven.Therewerejustunder51millionmillionairesgloballyin2025;theultrawealthyrepresentasmall1.1%ofthismillionairepopulation,

yettheircumulativeshareofwealthisa

farlarger32%.Akeygrowthsegmenthasbeenthatofthe'centi-millionaires',thosewithanetworthinexcessof$100m,drivenprimarilybythetechnologyboom.There

weremorethan117,000centi-millionairesin2025,almostdoublethenumberof60,000in2015.

By2030,weforecastaglobalUHNW

populationof746,570individuals,a

substantialincreaseof190,000fromits

2025level.Thegroup'scombinednetworthissettoswellbyathird,risingto$85tn.AsiaisforecasttoregisterthestrongestgrowthinUHNWnumbersofthethreemajorregions,butNorthAmericawillremainthedominantwealthcenter.Delhiwillbethefastest-

growingcitybyUHNWpopulationto2030,followedbyStockholmandWuhan(China),withestablishedandemergingwealthhubsacrosstheNordics,AustraliaandSoutheastAsiaalsofeaturingprominently.

ThethreedominantUHNWcentersofNorth

America,AsiaandEuropeallrecordedrobust

growthinultrawealthynumbers.North

America,theworld'sleadingultrawealthregion,expandedby15%in2025to224,470individuals,withdouble-digitgrowthinboththeUSand

Canada.Asiaconsolidateditsstatusasthe

world'ssecond-largestultrawealthregion:theUHNWpopulationgrewby15.8%to141,890

individuals,liftingtheregion'sshareoftheglobalultrawealthyclassto25%.

TheUSisbyfarthelargestwealthmarketin

theworld,hometo37%ofthetotalUHNW

population,morethanthecombinedshare

ofalltheothercountriesinthetop10.US

ultrawealthynumbersroseby15%in2025to

206,880,outpacinggrowthinsecond-rankedChina.AlltheleadingUHNWmarketsincreasedtheirrespectivewealthypopulations,withHongKongandJapanstandoutperformers.NewYorkremainsthepremierUHNWcity,hometoalmost24,000UHNWindividuals;whileSeoulsurgeduptherankingstomakeitintothetop12citieswiththenumberofUHNWindividualsrisingbymorethanathirdto6,220.

Regionaldistinctionsmatterwhenengaging

withthishugelyinfluentialcohort.AsiaexhibitsasomewhatyoungerUHNWdemographic,

andNorthAmericatheoldest.FemaleUHNWrepresentationisrisinggradually(settoreach19%by2040)andishighestinAsia,albeitatastilllow13%.The'self-made'wealthyaremostprevalentinNorthAmerica,wherephilanthropyranksalmostashighlyassportasafavored

interest.Financialservicesisthepredominantindustryfocusinallthreemajorregions,

followedbybusinessandconsumerservices.RepresentationofEurope'sUHNWpopulationinthefifth-rankedtechnologysectorislowerthanthatofbothregionalpeers,whileitis

higherinhospitalityandentertainment.

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Introduction

AltratasWorldUltraWealthReport-the14thedition-providescomprehensiveinsightsintotheglobalultrahighnetworth(UHNW)populationandtheconstantlyevolvinglandscapeofwealth

creation.Thisexclusivegroupofwealthyindividuals,eachwithanetworthinexcessof$30m,hasgrownrapidlyinsizeandinfluenceoverthepastdecade,accumulatingimmensecollectivewealth.

Altrata'scomprehensivedatabaseonthewealthyanditsdetailedWealthandInvestableAssetsModelprovideunrivaledinsightintotheworld'sUHNWpopulation,itscharacteristicsandtheconstantlychanginglandscapeofwealthcreation,makingitanessentialresourceforany

organizationlookingtoprospectforandengagewithindividualsinthisexclusivedemographic.

Keydefinitions

Ultrahighnetworth(UHNW)individuals

Thosewithanetworthof$30m+(alsoreferredtoasthe'ultrawealthy').

Veryhighnetworth(VHNW)individuals

Thosewithanetworthof$5mto$30m.

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Asegmentoftheutmostinfluence

TheUHNWpopulationholdsadisproportionateshareofglobalnetworth

In2025,therewere50.9millionhighnetworth(HNW)individualsaroundtheworld,eachwithwealthinexcessof$1m(millionaires).Withinthisrelativelyaffluentgroup,theultrahighnetworth(UHNW)populationnumbered556,850individuals,eachholdingsubstantialfortunesinexcessof$30m.

Theultrawealthyrepresentasmall1.1%oftheglobalmillionaireclass,buttheircumulativeshareof

wealthissignificantlylarger.At$63.8tn,thetotalnetworthoftheUHNWsegmentcomprised32%ofthewealthheldbyallHNWindividualsin2025,underliningtheprivilegedstatusandinfluenceofthesuperrich.

Thewealthybytier

Globalpopulationandwealthbymajorwealthtierin2025

Wealthtier556,850

UHNW($30m+)

VHNW($5m-$30m)

$1m-$5m

45.1million$84.2tn

PopulationWealth

Source:Altrata,2026

Asegmentoftheutmostinfluence

Theultrawealthyareafast-growingdemographic

Ourextensivewealthmodel(coveringtheperiodsince2004)showsthesizeoftheultrawealthyclasshasswelledrapidlyoverthepasttwodecades,byacumulative255%,outpacingthe

expansionoftheglobaladultpopulationbyafactorofseven.Keydrivershavebeenrisingcapitalmarkets,technologicalinnovation,andtheglobalizationofprivatecapital.Relativechangesin

cumulativenetworthareestimatedtohavebeenofanevenhighermagnitude.Inrecentyears,

oneofthefast-growingsegmentshasbeenthatofthe'centi-millionaires',thosewithanetworthinexcessof$100m,drivenprimarilybythetechnologyboom.Thereweremorethan117,000centi-millionairesin2025,almostdoublethenumberof60,000in2015.

255%

Thegrowthinnumberofultrawealthyindividualsgloballysince2004

Source:Altrata,2026

Thepaceatwhichtheultrawealthy

populationhasgrownfasterthantheglobaladultpopulationoverthepasttwodecades

Source:Altrata,2026;WorldBank(forglobalpopulation)

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Asegmentoftheutmostinfluence

ThenumberofUSultrawealthyindividualshasmorethandoubledinrealtermssince2005

→In2025therewere77ultrawealthyindividualsforevery100,000USadults,up

from44in2005,whenanetworthof$19.2mcarriedthesamepurchasingpoweras$30mdoestoday.

Forthissection,weconductedneweconomicresearchexaminingUSwealthintermsof

realpurchasingpower.Thiscontrastswiththerestofthereport-andmostoftheexisting

literature-whichmeasureswealthonanominalbasis.Bothapproacheshavemerit.A

nominalmeasurereflectswealthinthepricesoftheday,withnoadjustmentforinflation;arealmeasurestripsoutinflation,expressingwealthinconstantpurchasingpower.

Duetoinflation,$30mtodaydoesnotgoasfaras$30mdid20yearsago.Asaresult,someofthegrowthintheUSUHNWpopulationoverthepasttwodecadesreflectsrisingpricesratherthangenuinelynewwealth.CombininganinflationadjustmentwithourWealthandInvestableAssetsModelletsusmeasuretheUSultrawealthypopulationovertimeinrealterms.Two

findingsstandout.

First,aUSindividualneeded$19.2min2005tomatchthepurchasingpowerof$30mtoday.Inrealterms,theequivalentthresholdwas$19.2min2005and$22.5min2015.Second,evenafteradjustingforinflation,thedatashowsstronggrowthintheUSUHNWpopulation一

growththathassignificantlyoutpacedtheriseinthecountry'sadultpopulation.Inrealterms,therewere77ultrawealthyindividualsper100,000USadultsin2025,upfrom44in2005.

RealgrowthoftheUSultrawealthypopulationovertime

of$30m+innetworthovertime(chained2025$)

USUHNWpopulationandnumberper100,000USadultswiththeequivalent

NumberofUHNWindividuals

Per100,000adults

160

206,880

200,000

120

161,040

150,000

123,110

100,000

50

40

50,000

2005

$19.2m

Adjustednet

worth,equivalent

2010

$20.9m

2015

$22.5m

2020

$24.7m

2025

$30.0m

250,000

97,020

97,320

80

0

to$30min2025

valueof$30min2025dollarstotakeintoaccountboththeliquidandilliquidassetsofthewealthy.

Note:BoththePersonalConsumptionExpendituresExcludingFoodandEnergylndexandtheGDPImpliciPriceDeflatorwereusedtocalculatethechained

Source:Altrata,2026;TheFederalReserve;USCensusBureau

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Asegmentoftheutmostinfluence

DynamicUHNWgrowthhastransformedthemarketforpremiumconsumptionandlifestyleservicesthatcaterspecificallytothesuperaffluent

Expenditurebytheultrawealthyonluxurygoodsandservicestotaled$282bnin2025(estimate),

accountingforafifthofallconsumer-facingspendingintheluxurysector.Theperiodsincethe

pandemichasseenasofterexpendituretrendamongthegloballuxuryconsumerbase,whichhas

drivenamoreconcertedfocusbypremiumbrandsontheprizedUHNWclass.Personalluxurygoods(fashion,jewelry,beauty)andvehiclesarethelargestcategoriesbyspend,withprivateaviation

andsuperyachtsalmostexclusivelythedomainoftheultrawealthy.Asidefromtheluxuryelement,

flexibilityandprivacyarekeydrivers-astheyareinthehigh-endrealestateandtravelsectors-giventheglobalmobilityofUHNWcapitalandanincreasingfocuson'safehaven'exclusivity.

TheUHNWclassisthepredominant

clienteleforspecializedfinancialservices,privatebankingandprimebrokerage.

Theultrawealthypopulationholdsanestimated$26tnofinvestableassets

-equivalenttosome10%oftheglobalinvestableassetstock.Theweath

managementindustryhasevolvedconsiderablyinscaleandscopeto

meettheincreasinglysophisticated

requirementsoftheworld'ssuperrich,

drivingthegrowthoffamilyoffices,privatebankingservices,taxadvisoryfirms,and

alternativeinvestmentmanagers.

Personaldonationsbytheultrawealthy

tophilanthropicorganizationstotaled

anestimated$220bnin2024,equivalenttomorethanathirdofallprivategiving

byindividuals.Higheroverallwealthandshiftingattitudestocivicengagement

amongalargerandmorediversified

wealthyclasshavedrivenanupwardtrendingivingagainstthebackdropofreducedinstitutionalfunding.Atthesametime,

therisingconcentrationofglobalwealthamongtheveryrichestindividuals,a

growingfocuson'impactinvesting',andtheimpactofnewtechnologiespointtoanincreasinglycompetitiveenvironmentfordonorfunding.

Globally,theultrawealthyaccountfor:

$282bn

ofluxurygoodsspend,

equivalentto21%oftotalindividualspend¹

$220bn

ofphilanthropicdonations,equivalentto37%ofall

givingbyindividuals²

$26tn

ofinvestableassets,

equivalentto10%ofglobalinvestableassets³

Source:Altrata.EstimatesuseAltratadataandBain/Altagammaforoveralluxurygoodsspend.

1Refersto2025(estimate)data.Source:Altrata.BasedonestimatesusingAltratadataandBain/Altagamma.

2Refersto2024data.Source:Altrata.

3Refersto2025data.Source:Altrata.

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Theultrawealthy

in2025

Dynamic-anddiversified-wealthgainsinamoreuncertainworld

2025wasanotherprolificyearfortheultrawealthy.TheglobalUHNWpopulationincreasedby14.4%toanall-timehighof556,850individuals.Thismarkedasecondconsecutivedouble-digitexpansionandthestrongestannualgrowthsince2017.Forthefirsttimesincethepandemic,allmajorasset

classesdeliveredpositivereturns,ledbyglobalequities.Thisstrongheadlineperformancemasked

considerablemarketturbulence,amidmorefractiousgeopoliticsandanerraticrealignmentbytheUSofestablishedtraderelationsandpolicynorms.Ultimately,however,theassetportfoliosoftheglobalwealthywerebolsteredbytheeffectsoflowerinflation,asteadyflowoffiscalandmonetarysupport,resilientcorporateearnings,andcontinuedenthusiasmforAlinvestment.Thetotalnetworthofthe

UHNWclassin2025soaredby14.3%to$63.8tn,morethandoubletheannualGDPoftheUSeconomy.

In2025,thesizeoftheglobalUHNWpopulationroseatitsfastestpaceforeightyears.

Globalequitiesgenerateddouble-digitreturnsforathirdsuccessiveyear,withperformance

broadeningbeyondthelarge-capUStechnologysectorintoindustrialsandinfrastructure,andacrossEurope,Asiaandselectedemergingmarkets.AmoderateinvestorrotationawayfromUSassets-

includingtheUSdollar-waspartlyaresponsetothemorevolatilepoliticalandpolicyenvironmentintheworld'slargesteconomy.Italsoreflectedmovestodiversifywealthportfolioexposureamid

theAlinvestmentboom,andtheimpactofinterest-ratecutsbymostoftheworld'smajorcentral

banks,whichdeliveredimprovedreturnsinfixed-incomemarketsafterseveraldifficultvears.

Developmentsin2025underlinedtwoofthedefiningtrendsinmodernwealthaccumulation,namelytheconcentrationofassetgainsamongownersofscalabletechnologyandstrategicinfrastructure,andtheimportanceofgloballymobilecapitalinamoreunpredictableandcomplexworld.

Theglobaleconomyataglance

Selectglobalindicatorsfor2025

(year-on-yearchange)

3.4%

RealGDPgrowth

2.5%5.2%

AdvancedEmergingand

economiesdevelopingeconomies

Consumerpriceinflation

21%

USSterms

MSCIWorldequityindex

8%

USSterms

Globalfixed-incomebondreturns

-19%

Oilprice

(USS/barrel)

4%39%

TransactionsCapitaraised

IPOactivity

2%

Globalhousepriceindex(nominal)

SourcesInternationalMonetaryFund,WordEconomicOutlook,April2026;MorganStanleyCapitalInternational(MSCI);EYGlobalIPOTrends;Dealogic;DatedBrentBlendcrudeoil;BISresidentialpropertypricestatistics.

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Theultrawealthyin2025

Theultrawealthyacrosstheglobe

Globalpopulationin2025

NorthAmerica

40.3%

224,470

个15.0%

LatinAmericaandtheCaribbean

16,400

oftheworld's

UHNWpopulation

556,850

TotalUHNWpopulation

个14.4%

Changeinpopulationfrom2024

Europe

140,140

个14.5%

25.2%

MiddleEast

22,880

个4.4%4.1%

Africa

个23.7%0.6%

Asia

25.5%

141,890

个15.8%

Pacific

7,630

个4.7%1.4%

$63.8tn

TotalUHNWwealth

个14.3%

Changeinwealth

from2024

Europe

Asia

25.5%

个15.2%

个15.3%

MiddleEast

$3.0tn

个1.9%

Africa

$0.4tn

Pacific

$0.7tn

个4.5%

GlobalUHNWwealthin2025

NorthAmerica

$25.7tn

个15.2%

LatinAmericaandtheCaribbean

$2.0tn

个12.6%3.2%

oftheworld'sUHNWwealth

40.4%

$16.3tn

$15.6tn

24.5%

Note:Dataonthetotalorpercentageoftheworld'sUHNWpopulationandwealthmaynotaddupexactlyortotal100%owingtorounding.

Source:Altrata,2026

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Regional,countryand

cityperformance

NorthAmerica

Robustgainsreflectsolidwealth-creationfundamentalsamidUSpolicyupheaval

TheUHNWpopulationoftheworld'sleadingultrawealthregionexpandedby15%in2025to224,470individuals,withdouble-digitgrowthinboththeUSandCanada.Assetholdingsweresupported

byfirmequitygains,gradualmonetaryeasing,expansiveAlinvestments,andbroadlyresilient

economicactivity.Havingsurgedby20%in2024,thecollectivenetworthofNorthAmerica'sUHNWpopulationroseby15.2%in2025to$25.7tn(a40%globalshare).

AnunpredictableandhighlytransactionalUSpolicyagendadeliveredperiodicvolatility,with

exposuretotheadministration'sglobaltariffchangesandaweakerUSdollarshapingbusinessandsectorperformance.InCanada,deterioratingrelationswithitsmaintradingpartnerdampened

growthandtriggeredapartialreorientationoflong-heldeconomicandsecurityties.Ultimately,mostUStariffpoliciesandtradethreatswerewatereddown,whichcontributedtoanimprovedperformanceinregional(andglobal)wealthmarketsoverthesecondhalfoftheyear.Investors

retainedadegreeofcaution,however,withmoreemphasisonUSexposurehedgingandglobal

diversification,drivenalsobyconcernsoverrisingAl-relatedmarketconcentrationrisk.ThiswasreflectedinUSequities,whichdeliveredhealthyreturnsin2025butwereoutshonebymajorstockmarketsacrossEuropeandAsia.

Asia

UHNWportfoliosbuoyedbyvibrantequityreturns,supportivepolicy,and

positiveAlspillovereffects

Asiaconsolidateditsstatusastheworld'ssecond-largestultrawealthregionin2025.TheUHNW

populationgrewby15.8%to141,890individuals,outpacing(slightly)theotherregionalpowerhousesofNorthAmericaandEurope,andliftingAsia'sshareoftheglobalultrawealthyclasstoabove25%.TradedislocationfromUStariffpolicy-withChinaanotabletarget-weighedonsentimenttoanextent,butthiswascounteredbyexportrotationtoothermarketsandAsia'sdeepeningintegrationinglobalsupplychains,includinginhigh-valueindustryandtechnology.

PositivespillovereffectsfromthewiderAlinvestmentboom,supportivefiscalandgovernancereforms,andglobalinvestordiversificationunderpinnedstrongreturnsinmanyoftheregion'sequitymarkets.SouthKorea'stech-heavyKOSPlindexwasthetopglobalperformer,withgainsinTaiwan,Japan,Indonesia,andHongKong(buoyedbyasurgeinsecondarylistingsofChinesecompanies)alsosurpassingmostdeveloped-economystockmarkets.Meanwhile,returnsin

IndiaandSingaporeweremoremuted.AweakerUSdollarandeasingmonetaryconditionsalsobolsteredregionalwealth,contributingtoadouble-digitriseinthecollectivenetworthofAsia'sUHNWclassto$15.6tn.

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Europe

StronggrowthoftheUHNWclassaspolicystimulusanddynamicequitygainsoffseteconomicandtradeconstraints

UltrawealthportfoliosinEuropeincreasedstronglyin2025,despitelacklustereconomicconditionsintheregion'slargestwealthcenters(Germany,theUK,andFrance),andmarketexposuretothe

protectionistshiftinUStradepolicy.Manyglobalinvestorsdiversifyingtowardsnon-USassets

favoredtherelativestabilityandvalueofEuropeanstocks,whichdrovehealthydouble-digitgainsacrosstheregion'sequitymarkets(afterastarkunderperformancein2024).Strongcurrency

appreciationagainsttheUSdollarandpolicyeasingbyEurope'scentralbanksfurtherbolsteredassetholdings.Growthoftheregion'sUHNWpopulationmirroredthatinNorthAmerica,liftingthesizeoftheultrawealthyclassto140,140individuals,or25%oftheglobaltotal.

Supply-sideconstraintsandmoreextensiveregulationthanintheUSandAsiaremaineda

structuralcurbonentrepreneurial-ledwealthcreation.Atthesametime,theregion'slong-

establishedprivatebankingandwealth-managementstructuresheldstrongappealtogloballymobilecapitalamidheightenedgeopoliticalvolatility.Fromaneconomicstandpoint,alandmarkfiscalstimulusprograminGermanyandaregion-widerampingupofdefensespendingwereacausefor(cautious)optimism,aswerefirmergrowthtrendsacrosssouthernandcentralEurope,drivenbyvibranttourismsectorsandtargetedEUfunds.Overall,thecumulativenetworthoftheUHNWclassin2025increasedby15.2%to$16.3tn,aslightlyhighertotalthanthatofAsia.

MiddleEast

Ultrawealthgenerationintheregioncurbedbysubduedenergyand

capitalmarkets

IncontrasttodynamicwealthexpansioninthethreelargestUHNWregions,theMiddleEast

registeredamoderate4.4%riseinultrawealthynumbersto22,880individuals.Extensivenon-oil

diversificationinitiativesandlargesovereigninvestmentprogramssupportedcapitalinflowsintheleadingwealthcentersofSaudiArabiaandtheUnitedArabEmirates(UAE),butastillheavyrelianceonhydrocarbonexportsacrosstheregiondampenedoverallwealthtrends.Oilpricestrendedlowerthroughtheyearandclosed2025downalmost20%,thelargestannualfallsince2020.Equity-

marketreturnsvariedsharplyonacountrybasis,shapedbytheirsectorfocusandunevenmonetarypolicypaths,butoverallunderperformedtheemerging-marketaverage.TheUSdollarcurrencypeginmostGulfArabcountrieswasfarlesssupportiveofUHNWportfoliosthanin2024.Cumulative

networthoftheUHNWclassintheMiddleEastedgedupby1.9%to$3tn,aglobalshareofjustbelow5%.

Regional,countryandcityperformance

LatinAmericaandtheCaribbean

StrongreboundinUHNWnumbersandwealth,drivenbynon-oilcommodities

andpositivecapitalmarkettrends

TheUHNWpopulationinLatinAmericaandtheCaribbeangrewby12.5%in2025to16,400

individuals.Ultrawealthportfoliosregisteredmuchimprovedgainsafteradisappointing2024,

bolsteredbystrongnon-oilcommoditydemand(especiallyforindustrialmetalsandagricultural

products),moresupportivefinancingconditions,andpositivecapitalmarketdevelopments.US-ledtradedislocationwasanetnegativebutbolsterednearshoringopportunities.MostLatinAmericancentralbanksmaintainedaneasingstance,withtheregion'slargestwealthmarketofBrazila

notableexception.Stockmarketstrendedhigher-MexicoandChilewerethestandoutperformers

-thankstopocketsofstrongwealthcreationinexpandingdigital,financeandconsumersectors.AlsoprovidingaboostwerecurrencyappreciationagainsttheUSdollarandhighercapitalinflowstiedtoglobalinvestordiversificationawayfromUSassets.AnnualgrowthofUHNWwealthinLatinAmericaandtheCaribbeanlaggedslightlybehindthe'bigthree'regionsin2025but,nevertheless,recordedarobustdouble-digitriseto$2tn.

ThePacificandAfrica

ModeratewealthgainsinAustraliaoutshonebyasurgeinAfrica'sUHNWpopulation

TheUHNWclassinthePacificregion-whichlargelyreflectsdevelopmentsinAustralia-roseby

justunder5%to7,630individuals.GlobaltrendsshowedfairlyresilientdemandacrossAustralia's

dominantsectorsofmineralcommoditiesandsophisticatedfinancialandbusinessservices,

althoughequitymarket(andbroaderwealth)gainswereconstrainedbystructurallyweakerexportstoChina(itslargesttradingpartner)anddomesticrealestateandcost-of-livingpressures.After

relativeunderperformancein2023-24,thesmallestUHNWregionofAfricarecordeda24%surgeinultrawealthynumbersin2025to3,440individuals.Thiswasthestrongestgrowthofanyregion,withassetportfoliosbuoyedbymorebenignfinancingcosts,currencyappreciationagainsttheUSdollar,risingdigitaltransformation,andnewinvestmentstiedtogrowingdemandfortheregion'scriticalmineralreserves.Thetworegionsaccountedforacombined2%oftheglobal

UHNWpopulation.

Regional,countryandcityperformance

LeadingUHNWcountries

→Three-quartersoftheglobalUHNWpopulationresideinthe10leadingcountries

Therisingmobilityofcapitalamongtheultrarichandmorediversifiedopportunitiesforwealth

generationaredefiningfeaturesoftoday'sglobaleconomy.Itremainsthecase,however,thatthevastmajorityofUHNWindividualsareconcentratedinarelativelysmallnumberofwealthmarkets,underliningthefocusedopportunitiesfororganizationsthattargetand/orcatertotheglobalrich.Here,wehighlightthekeycountrytrendsandrecentchangesinUHNWpopulationsize.

Top10UHNWcountries