The number and wealth of millionaires worldwide reach record highs, driven mainly by the AI-fueled stock market surge

(1) The Capgemini report shows that in 2025, the total global wealth of high-net-worth individuals (investable assets ≥ USD 1 million) will reach a record USD 98.3 trillion, an increase of nearly 9% year-on-year; the number of high-net-worth individuals will increase by nearly 2 million to 25.3 million, also hitting a new high. (2) Stock market gains driven by optimism around AI are the main engine of wealth growth. Assets remain highly concentrated among the super-rich: the number of ultra-high-net-worth individuals with net assets exceeding USD 30 million reaches a record 250,000, with their wealth growing fastest among all tiers. (3) The United States will add 736,000 new millionaires in 2025, bringing the total to 8.7 million, with high-net-worth individual wealth increasing by 10% year-on-year.