The stock market made a record number of people millionaires in 2025. But the real wealth action was happening one tier up.

The year 2025 saw a striking 10.8% increase in global personal wealth, the highest growth rate in years, unleashing nearly one million new dollar millionaires across the globe.…

Global personal wealth surged in 2025, with a record number of new millionaires, Swiss bank UBS said Tuesday.