Global Millionaire Wealth Hits Record $98.3 Trillion

Global wealth held by millionaires reached a record $98.3 trillion in 2025, according to the 2026 edition of the Capgemini Research Institute’s World Wealth Report. The figure represents an 8.7 percent increase compared to the previous year, driven by strong equity markets, gains in AI linked technology stocks, and easing inflation worldwide.

The report shows that the global population of high net worth individuals, those with at least $1 million in investable assets excluding their primary residence, grew by nearly 2 million. This brings the total number of millionaires worldwide to 25.3 million people.

Africa also recorded growth in its millionaire population. The number of Africans with at least $1 million in investable assets rose by 4.1 percent. Morocco stood out as the fastest growing country on the continent, registering a 16.8 percent increase. Capgemini said this reflects the kingdom’s expanding financial services sector, rising real estate values, and a growing ultra wealthy class drawn from its diversified private sector.

The report highlighted higher precious metal prices as a key driver of wealth creation across Africa. Gold and other metals have provided strong returns, helping to boost the fortunes of investors and entrepreneurs in several countries.

Globally, Capgemini noted that wealth among millionaires remains highly concentrated. Just 1 percent of high net worth individuals hold 34.8 percent of the capital. Analysts say this concentration underscores the widening gap between the ultra rich and the rest of the population.

The report also pointed to the role of technology in wealth creation. AI linked stocks and digital innovation have driven market gains, particularly in North America and Asia. These regions continue to dominate global wealth rankings, though Africa’s growth signals new opportunities for emerging markets.

Capgemini said the expansion of financial services, real estate, and diversified private sector businesses in Africa is creating new pathways for wealth accumulation. Morocco’s performance was highlighted as an example of how targeted investment and sector growth can rapidly expand the millionaire class.

The findings come at a time when global economic conditions are stabilising after years of volatility. Easing inflation and stronger equity markets have provided a favourable environment for investors, while new technologies are reshaping industries and creating fresh opportunities for wealth creation.

However, the report warns that wealth concentration could pose challenges for inclusive growth. Policymakers are urged to consider frameworks that encourage broader participation in financial markets and ensure that economic gains benefit wider populations.

For Africa, the rise in millionaire numbers reflects both opportunity and challenge. While growth in sectors such as finance, real estate, and mining is creating wealth, many countries still face issues of inequality and limited access to capital for small businesses and ordinary citizens.

The Capgemini World Wealth Report remains one of the most closely watched studies on global wealth trends. Its latest edition shows that while millionaires are thriving, the question of how to spread prosperity more evenly remains unresolved.