An IMGlobalWealth.com News Report
Switzerland has retained its position as the world’s wealthiest population by average adult wealth, with UBS estimating net wealth per adult at $910,382 at the end of 2025. The United States ranked second at $696,277, followed by Luxembourg at $654,732. UBS defines wealth as financial assets and tangible assets, including property, less debt, with private pension assets also included.
The headline, however, masks a more complex picture. On median wealth — the midpoint which better reflects the “typical” adult, Switzerland ranks only eighth, at $145,555 per person. Luxembourg leads the median ranking with $394,005, followed by Belgium at $277,166 and Australia at $210,783. The gap between Switzerland’s average and median figures points to a high concentration of assets at the top.
“Globally, UBS estimates that personal wealth across its 56-market sample, covering more than 92% of world wealth, rose by 10.8% in US-dollar terms in 2025, the fastest pace in years and well above the 4.6% increase recorded in 2024”
That concentration is substantial. Switzerland has around 944,000 US-dollar millionaires, equal to 13.1% of its adult population, and this group accounts for about 69% of total private wealth. UBS’s Millionaire Index places Switzerland just below Spain, and roughly level with India, despite Switzerland’s far smaller population.
Domestic data from the Swiss National Bank supports the picture of a very large household balance sheet. Swiss household net worth rose by CHF226 billion, or 4.6%, in 2025 to CHF5.132 trillion. Financial assets reached CHF3.278 trillion, while household-owned real estate was valued at CHF2.924 trillion. Liabilities stood at CHF1.070 trillion, of which CHF983 billion were mortgages.
Globally, UBS estimates that personal wealth across its 56-market sample, covering more than 92% of world wealth, rose by 10.8% in US-dollar terms in 2025, the fastest pace in years and well above the 4.6% increase recorded in 2024. Growth was strongest in EMEA at 17.5%, followed by the Americas at 8.5% and Asia-Pacific at 5.9%, with exchange-rate effects, especially a weaker US dollar, playing a role.
For wealth managers, policy makers and global mobility advisers, the message is nuanced. Switzerland remains a global benchmark for household wealth and private capital. But the median data and millionaire concentration show that headline affluence is not evenly distributed. As global wealth expands, becomes more mobile and remains highly concentrated, governments will increasingly need to balance competitiveness with public pressure over inequality.
