APAC wealth grows 5.9% but trails global pace as EMEA surges

Global wealth hit its fastest growth since 2017 at 10.8% as APAC lagged at half that rate.

Asia-Pacific personal wealth rose by 5.9% in 2025, picking up from the previous year.

The region’s growth was slower than Europe, the Middle East and Africa, which rose 17.5%, and the Americas, which grew 8.5%, according to UBS’s Global Wealth Report 2026. 

UBS said currency movements, including a weaker US dollar, helped lift reported wealth outside the United States.
Several APAC markets ranked among the world’s wealthiest by average wealth per adult. 

Australia recorded $616,306, Singapore $527,217, New Zealand $449,852, Hong Kong SAR $648,267, Taiwan $332,533, South Korea $311,260 and Japan $211,846.

South Korea recorded the strongest real average wealth growth among the markets analysed since 2020, with gains of more than 50%.

Taiwan also recorded growth of more than 25% over the same period.

The number of US dollar millionaires rose by 1.5% globally in 2025, adding nearly one million people, or more than 2,600 a day. 

Mainland China was among the largest contributors after the United States. UBS said mainland China, Japan, Germany, the United Kingdom and France each had more than 2 million millionaires.

UBS said more than half of global personal wealth remained concentrated in the United States and mainland China combined. 

The report also said higher wealth segments, especially those with assets above $5M, grew strongly in mainland China, Australia and the United States.

Globally, personal wealth rose by 10.8% in US dollar terms in 2025, the fastest growth since 2017 and the third consecutive year of increase. 

The UBS report covers 56 markets, estimated to represent more than 92% of the world’s wealth.