2026 Global Wealth Report: Wealth grows by more than 10%, but wealth and poverty are getting worse, with the number of millionaires hitting a record high (UBS)
UBS's "Global Wealth Report 2026" shows that global personal wealth will grow strongly by more than 10% in 2025, expanding for three consecutive years.
UBS's "Global Wealth Report 2026" shows that global personal wealth will grow strongly by more than 10% in 2025, expanding for three consecutive years. However, the report also pointed out that the increase in average wealth coexisted with the decline in median wealth in most markets, revealing the trend of increasing global inequality between rich and poor. Europe and the Middle East led the growth rate, while the Asia-Pacific region's share declined. The number of millionaires in the world has increased by nearly 1 million, reaching a record level, and the wealth pyramid is moving to the middle and high levels. At the same time, the share of wealth in emerging markets has dropped to 26.2% from the peak in 2022. The market has generally recognized the growth of wealth, but the intensification of the gap between rich and poor and the significant differentiation of growth in various regions may be the core variables affecting future asset allocation and consumption trends. One sentence conclusion: The total amount of global wealth has reached a record high, but the growth is extremely uneven. The continued widening of the gap between rich and poor and the changes in regional economic landscape will be the key macro background that will affect global asset prices and consumption structure in the future. Positive/negative: This is a macroeconomic background report and does not directly benefit/negative specific stocks. However, it provides a positive macro narrative background for industries such as high-end consumer goods, wealth management and private banking. Catalyst: There is no direct catalyst and can be used as a long-term macro background reference.