The world’s wealthiest individuals are accumulating fortunes at a staggering rate, leaving even millionaires struggling to keep pace, a new report has found. According to consulting firm Capgemini, for the second consecutive year, the ultra-wealthy outpaced ordinary millionaires in wealth growth in 2025. The study found that individuals with at least $30 million in investable assets saw their wealth grow nearly 10 percent in 2025, outpacing those with between $1 million and $5 million, whose fortunes rose by less than 8 percent. Although ultra-rich individuals account for just 1 percent of the wealthy population, they control more than a third of the world’s high-net-worth wealth. Overall, the wealth of the world’s richest people climbed 8.7 percent last year to a record $98.3 trillion, while their ranks expanded by roughly 2 million people to 25.3 million. The United States led the world in new millionaires, adding 736,000. Capgemini said the wealthiest investors saw outsized gains thanks to rising stock markets, private equity and hedge funds, as well as early access to fast-growing private companies—especially those linked to the artificial intelligence boom, the main driver of growth.
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