A transfer of $83 trillion in wealth will change hands over the next 20-25 years. The amount represents the world’s GDP for one year.

According to statistics provided in 2025 by the Swiss Bank UBS (Union Bank of Switzerland) and sources from Swiss Radio and Television (RTS), Switzerland remains at the top of the list of countries with the highest density of millionaires in 2025, with 1’054’000.00 Millionaires in $, relative to a population of 9’048’900 inhabitants in Switzerland.
In Switzerland, financial assets account for two-thirds of the total, and debt for about one-fifth. In addition, the Gini coefficient, a measure of inequality in a country, has fallen in Switzerland, since 2008, according to the bank’s chief economist, Paul Donovan, and sources at “allnews.ch.”
“Individuals are three times more likely to become millionaires than they were 23 years ago.”
Wealth growth is slowing globally, falling from a rate of 7% between 2000 and 2010 to a rate of 4.5% thereafter. For Paul Donovan, the causes of the slowdown are to be found in demographics and exchange rates.
The number of millionaires is expected to grow by 19% in Switzerland by 2028, reaching 1,253. This growth rate exceeds that of the United States and France (+16%) and Germany (+14%). It contrasts sharply with the decline expected in the United Kingdom (-17%), which UBS attributes to a base effect.
UBS is forecasting a vast transfer of wealth, this time horizontally. No less than $83 trillion in wealth will change hands over the next 20-25 years. This amount represents one year’s global GDP.
The United States, mainland China, and France have the highest number of millionaires 23.8 million, 6.3 million, and 2.9 million people, respectively with the US accounting for nearly 40% of the world’s millionaires. However, the most significant growth was recorded in Turkey (+8%) and the United Arab Emirates (+5.8%).
Switzerland, with 1’054’000 Millionaires, remained at the top of the ranking in terms of average wealth per adult in individual market terms, followed by the United States, Hong Kong, and Luxembourg, according to the statistical analysis of the UBS study covering 56 countries.
Globally, wealth growth will add 5.3 million wealthy individuals, a 9% jump from 2024.