Stock market gains mint new millionaires in 2025: UBS

A UBS report indicates that nearly 1 million people became millionaires in 2025, driven largely by strong stock market performance. However, the data also highlights a widening wealth gap, as median wealth in many markets has declined.
Why it matters
The findings illustrate the growing disparity between asset-heavy investors and the broader population, reflecting broader economic trends in wealth distribution.
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
The article relies on financial data and expert commentary to present a balanced view of wealth growth and inequality.
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