Overview
- Capgemini’s World Wealth Report, published June 4, found global high-net-worth wealth rose 8.7% in 2025 to $98.3 trillion while the millionaire population expanded to 25.3 million.
- The report identifies AI-linked technology stocks as the principal driver of 2025 gains and notes that HNWIs raised equity allocations to about 25% of their portfolios.
- Ultra-high-net-worth individuals (those with more than $30 million) grew fastest, with their population up about 9.4% to roughly 250,000 and their wealth up about 9.7%, giving them roughly one-third of total HNWI wealth.
- Geographic gains were concentrated in the United States, which added about 730,000–736,000 new millionaires, while Asia‑Pacific posted the strongest regional growth with wealth up 10.5% and population up 9.4%.
- The surge is reshaping wealth management as wealthy clients split assets across more advisors, use more RIAs and roboadvisors at lower tiers, and the ultra-rich seek greater access to pre-IPO and private-market opportunities.