UHNW cohort expected to be near 677K in five years
The global population of people with assets of at least US$30 million continues to expand at a remarkable pace, according to a new report published today (9/30).
Altrata’s World Ultra Wealth Report 2025 reveals that, as of June 2025, the worldwide ultra-high-net-worth segment stood at 510,810, reflecting a 5.4% rise since January and building on a robust 12% surge in 2024. Collectively, these individuals hold $59.8 trillion in wealth, a sum more than twice the size of US annual GDP.
The US maintains its dominance, representing 38% of the global UHNW community, which is more than all other countries in the top 10 combined. Growth in the US has been fueled by outsized equity gains, particularly in technology, with a 21% leap in 2024 followed by another 6.5% rise in the first half of 2025.
North America’s UHNW headcount reached 208,090, solidifying a 41% global share. However, Asia saw its own ranks expand by 6.4% to 129,100 individuals during the same period, showing resilience in the face of trade disruption and is expected to post the fastest growth in the next five years, lifting its share of the global total to 27% by decade’s end.
Altrata’s report projects the global UHNW population will reach 676,970 by 2030, thanks an increase of 166,160 from mid-2025 levels with India highlighted as a rising force although North America will remain the world’s largest ultra wealth hub in absolute terms.
Generational change looms as another defining trend over the longer term, through to 2040. Millennials and Gen Z are expected to account for nearly 35% of the global UHNW class, up sharply from 8% today. This younger cohort is increasingly tied to industries like technology, hospitality, and entertainment, reflecting the disruptive influence of digital platforms.
Meanwhile, Gen X will nearly double its representation to 45%, while Baby Boomers and the Silent Generation together will shrink from two-thirds of the total to just one-fifth.
Structural forces such as digital innovation, clean energy investment, and urbanization are expected to sustain the momentum of global wealth creation.
Altrata cautions that “an anticipated further weakening of long-established norms and macroeconomic anchors… warrants a degree of caution with regard to wealth preservation planning.”
