Why There Are More Billionaires in the World Now Than Ever | Income Tips & Side Hustles
Key Takeaways
According to a new report from Swiss bank UBS, the world now has 2,919 billionaires, an 8.8% increase from the earlier yr.
The U.S. is home to a substantial portion of the world’s billionaires.
Inheritances and hovering tech stock costs are minting more billionaires than ever.
There are more billionaires in the world than ever before, according to a new report from Swiss bank UBS.
The report discovered that the world now has 2,919 billionaires, representing an 8.8% increase from 2024. These billionaires have a mixed internet value of about $15.8 trillion. Their whole wealth rose by roughly 13% in a yr, indicating that current billionaires have gotten even richer, while new ones are rising. UBS based its findings on surveys of its billionaire shoppers in addition to a billionaire database it maintains with consulting firm PwC.
The report said that there have been 287 new billionaires added in 2025, with about 70% categorised as self-made, that means that they didn’t inherit their wealth, however reasonably, constructed it up on their own. Of the new global billionaires, 91 people inherited their fortunes, including a number of members of outstanding pharmaceutical households in Germany. Over the next 15 years, an estimated $5.9 trillion is predicted to be handed down to billionaire heirs, which is more likely to maintain or increase the billionaire rely additional, per the report.
Another major driver in surging internet value, apart from inheritances, is the AI-fueled growth in technology shares like Nvidia, Meta and Oracle. The Magnificent Seven, a group of seven high-performing U.S. tech firms including Nvidia, Amazon, Apple, Meta, Microsoft, Google and Tesla, has seen its stock costs grow by a mixed whole of 25% this yr.
Related: This AI Startup Just Made Its 4 Co-Founders Billionaires — And They’re All Under 30
That growth has led to the skyrocketing wealth of tech billionaires, including Oracle founder Larry Ellison and Nvidia CEO Jensen Huang, due to their firms’ AI-driven performances. Ellison is the second-richest individual in the world, with a internet value of $274 billion, and his fortune has grown by $104 billion year-to-date as a result of the AI growth. Meanwhile, Huang is the ninth-richest individual, together with his internet value surging by $45 billion year-to-date to succeed in $159 billion at the time of writing, per the Bloomberg Billionaires Index.
Oracle CEO Larry Ellison. Photo by Anna Moneymaker/Getty Images
In the U.S. alone, 924 billionaires account for nearly a third of the global billionaire population, per the report. There had been 87 new self-made billionaires in the U.S. in 2025, including Ben Lamm, co-founder of genetics and bioscience company Colossal, and Michael Dorrell, co-founder and CEO of infrastructure investment firm Stonepeak.
Three-quarters of global billionaires (75%) see technology and AI as the most urgent challenge that youthful generations should face.
“I see AI as both an enormous opportunity and a challenge,” one billionaire told UBS in the report. “How do we ensure technology serves society rather than replaces the human touch that’s so essential in hospitality and in life?”
Related: This 29-Year-Old Former Ballerina Just Became the World’s Youngest Self-Made Female Billionaire
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Key Takeaways
According to a new report from Swiss bank UBS, the world now has 2,919 billionaires, an 8.8% increase from the earlier yr.
The U.S. is home to a substantial portion of the world’s billionaires.
Inheritances and hovering tech stock costs are minting more billionaires than ever.
There are more billionaires in the world than ever before, according to a new report from Swiss bank UBS.
The report discovered that the world now has 2,919 billionaires, representing an 8.8% increase from 2024. These billionaires have a mixed internet value of about $15.8 trillion. Their whole wealth rose by roughly 13% in a yr, indicating that current billionaires have gotten even richer, while new ones are rising. UBS based its findings on surveys of its billionaire shoppers in addition to a billionaire database it maintains with consulting firm PwC.
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