Capgemini report says global millionaire wealth and population rose in 2025

Wednesday, June 3, 2026Business & MarketsWell-covered3 frames

Capgemini reported that 25.3 million people worldwide had at least $1 million in investable assets in 2025.
The combined wealth of those high-net-worth individuals rose 8.7% year over year to $98.3 trillion in 2025.
The global high-net-worth population increased by about 7.9%, or nearly 2 million people, from 2024 to 2025.
Several reports attributed the rise in millionaire wealth mainly to strong stock-market performance, including gains linked to artificial intelligence, with easing inflation also cited as a supporting factor.
The United States had the largest number of millionaires in 2025, at about 8.7 million, and added more millionaires than any other country.
Germany ranked third globally, with about 1.78 million high-net-worth individuals and roughly $7.1 trillion in their combined wealth.
The report's millionaire count refers to people with at least $1 million in investable assets and excludes primary residences.
Coverage of the report says wealth growth was led by North America and Asia-Pacific, indicating the gains were not evenly distributed across all regions.

How left and right are reading this

Both agree: Strong stock-market performance, including AI-linked gains, drove a sharp rise in investable wealth among high-net-worth individuals, with gains concentrated in regions like North America and Asia-Pacific rather than spread evenly across the world.
They split on: Whether the story is about market gains enriching people who already hold substantial financial assets, or about those same gains reflecting healthy capital formation through investment returns rather than housing-driven paper wealth.

Capgemini reported that 25.3 million people worldwide had at least $1 million in investable assets in 2025.
The combined wealth of those high-net-worth individuals rose 8.7% year over year to $98.3 trillion in 2025.
The global high-net-worth population increased by about 7.9%, or nearly 2 million people, from 2024 to 2025.
Several reports attributed the rise in millionaire wealth mainly to strong stock-market performance, including gains linked to artificial intelligence, with easing inflation also cited as a supporting factor.
The United States had the largest number of millionaires in 2025, at about 8.7 million, and added more millionaires than any other country.
Germany ranked third globally, with about 1.78 million high-net-worth individuals and roughly $7.1 trillion in their combined wealth.
The report's millionaire count refers to people with at least $1 million in investable assets and excludes primary residences.
Coverage of the report says wealth growth was led by North America and Asia-Pacific, indicating the gains were not evenly distributed across all regions.