For the world’s richest individuals, wealth generation has continued apace over the past year and a half. The global ultra high net worth (UHNW) population, comprising individuals with a net worth in excess of $30m, totaled 510,810 at the end of June 2025, a rise of 5.4% since the beginning of the year. This followed a very robust expansion of 12% in 2024 – the third-strongest growth in the past decade. The total net worth of the UHNW class rose by 6.7% to $59.8tn at the end of June 2025 (and by 11.6% in 2024) – a figure double that of the annual GDP of the US.
