While the slower pace reflects currency effects and market dynamics, the long-term trend remains positive as the region continues to be a cornerstone of global wealth creation, says UBS Singapore country head Young Jin Yee. The region saw a significant increase of more than 100,000 new millionaires last year, as well as a continued share of around one-third of global wealth.
In 2025, global personal wealth rose by 10.8% in US dollar terms, significantly exceeding the growth recorded in 2024 (4.6%) and 2023 (4.2%), according to UBS. Growth was strongest in Europe, the Middle East and Africa, where wealth increased by 17.5%, followed by the Americas at 8.5%.
Although the Asia Pacific (Apac) region recorded higher growth than in previous years, at 5.9%, it still trailed other regions in 2025. This is despite its status as a powerhouse for high-net-worth individuals (HNWIs), particularly in Greater China and Southeast Asia, as noted in UBS’s 2026 edition of the Global Wealth Report.
