Global wealth is not only rising but also becoming more concentrated, with a few countries emerging as the main centres of millionaire populations. The 2025 Global Wealth Report, published by UBS, offers one of the most detailed looks at how personal wealth is distributed worldwide. By the end of 2024, there were nearly 60 million dollar millionaires across the globe, holding more than USD 226 trillion in assets. Dollar billsADVERTISEMENTThe United States and mainland China dominate this landscape, together controlling more than half of all global personal wealth. Mainland China follows with close to 20%, driven by rapid economic growth, rising asset values, and an expanding middle class.