财富增长集中在最富有的投资者之中：拥有至少$30 million的超高净值个人资产增长最快，其人口达到250,000。美国在2025年新增百万富翁最多，增加736,000人至8.7 million，而当地高净值财富同比增长10%。亚太地区录得最强的区域财富增长，达10.5%，由半导体推动的市场涨幅领先，其中日本新增436,000名百万富翁，中国新增154,000名。欧洲高净值人口上升6.5%，Luxembourg增长13.5%，非洲受益于贵金属，Morocco的富有人口增加16.8%。
报告指出了重要的注意事项与转变：中东高净值人口因油价下跌和冲突而下降1.4%，但调查数据是在US-Israel与Iran的战争推高油价并扩大经济冲击之前收集的。截至2026年1月，股票约占高净值投资组合的25%，另类投资配置则下降，不过3分之2的富有投资者仍计划增加私募股权曝险。从2022年至2025年，至少$1.5 trillion的新资产流向家族办公室和券商等非传统竞争者，而不是传统公司；同时不平等加剧：美国家庭中前1%在2025年Q4拥有近32%的美国财富，这是Federal Reserve自1989年有记录以来的最高占比。
Global high-net-worth individual wealth rose nearly 9% in 2025 to a record $98.3 trillion among people with at least $1 million in investable assets, approaching worldwide GDP of $111 trillion in 2024. Capgemini’s report frames this as a major expansion of investable private wealth, with Jared Murphy of BlackRock calling the roughly $100 trillion pool an enormous opportunity. The number of millionaires increased by almost 2 million to a record 25.3 million, largely driven by stock-market rallies tied to optimism about artificial intelligence.
Wealth gains were concentrated among the richest investors: ultra-high-net-worth individuals with at least $30 million saw the fastest asset growth, and their population reached 250,000. The US added the most millionaires in 2025, gaining 736,000 to reach 8.7 million, while high-net-worth wealth there grew 10% year over year. Asia Pacific posted the strongest regional wealth growth at 10.5%, led by semiconductor-driven market gains, with Japan adding 436,000 millionaires and China adding 154,000. Europe’s high-net-worth population rose 6.5%, Luxembourg grew 13.5%, Africa benefited from precious metals, and Morocco’s wealthy population increased 16.8%.
The report notes important caveats and shifts: the Middle East’s high-net-worth population fell 1.4% because of lower oil prices and conflicts, but survey data was collected before the US-Israel war with Iran pushed oil prices higher and widened economic shocks. Equities made up about 25% of high-net-worth portfolios as of January 2026, while alternative-investment allocations declined, though 2 in 3 wealthy investors still planned to increase private-equity exposure. From 2022 to 2025, at least $1.5 trillion in new assets went to nontraditional competitors such as family offices and brokerages rather than traditional firms, while inequality intensified: the top 1% of US households owned nearly 32% of US wealth in Q4 2025, the highest Federal Reserve-recorded share since 1989.