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The world has more millionaires than ever before. According to the latest Global Wealth Report by Swiss banking group UBS, around one million people crossed the threshold into dollar‑millionaire status in 2023 — an average of 2,600 new millionaires per day. Nearly half of them live in the United States, underscoring the country’s continued dominance in global wealth creation.
A sharp rise driven by markets and currency effects
UBS reports that global private wealth increased by 10.8 percent, the strongest growth in years. The bank attributes this to buoyant financial markets and currency movements. Because the report calculates wealth in US dollars, a weaker dollar inflates the converted value of assets held in other currencies.
Inequality widens despite rising averages
While average wealth rose in most countries, median wealth declined, meaning the typical adult became poorer even as overall wealth increased. This divergence signals that gains were concentrated among those who were already wealthy — a trend economists have been tracking for years.
North America remains the wealthiest region
Adults in North America continue to hold the highest average wealth globally, at roughly $660,000 per person. They are followed by residents of Australia and New Zealand, with an average of $590,000.
Austria’s Wealth Statistics: What the UBS Global Wealth Report Shows
Austria is included in the UBS Global Wealth Report, but the publicly available summaries do not break out detailed Austrian figures in the same way as for Germany, the U.S., or Switzerland. However, the report does provide regional context that allows us to understand Austria’s position within Western Europe.
Austria in the European Wealth Landscape
Western Europe’s average wealth per adult is reported at over USD 330,000 . Austria, as a high‑income EU country with strong household asset ownership and a large real‑estate share, typically sits close to or slightly above this Western European average — though exact numbers for Austria are not listed in the publicly accessible excerpts.
Millionaires in Austria
The report does not give a precise count for Austria alone in the excerpts retrieved. It does, however, list the countries with the largest millionaire populations:
- U.S.
- China
- Japan
- Germany
- U.K.
- France
Austria is not among the top countries by absolute number, but given its population size (9 million), it is considered a high-density millionaire country in broader OECD comparisons. Based on previous editions of the report (not cited here because they were not part of the search results), Austria typically has between 300,000 and 400,000 USD millionaires, but this figure cannot be confirmed from the 2026 report excerpts.
How UBS measures wealth
The report examines net wealth, combining financial assets and real estate holdings and subtracting debt. Private pension fund assets are also included, offering a broad view of household financial strength.
- source: derspiegel.de/picture: pixabay.com
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