Global Wealth Shares: Top Wealth-Holding Countries in Europe! The US and China are home to more than half (54%) of global private wealth, while Europe holds just 22%, with its five largest economies dominating the list.
Did you know that EU countries hold just 16.6% of the world’s private wealth? In Europe, this rises to 22.3% when four more countries are included.
The US holds more than a third and China holds a fifth. Together, the two powers control 54% of the world’s wealth, according to UBS’s Global Wealth Report 2025.
The UBS report covers 56 countries and markets, representing more than 92% of global wealth.
But which European countries hold the largest share of the world’s private wealth? And how much is each country’s total private wealth? Euronews Business takes a deep dive.
Wealth Up in Eastern Europe, Down in the West
The overall global increase was faster than the previous year, rising from 4.2% to 4.6% in USD terms. But global wealth growth was uneven, as the total hides clear differences between regions.
Eastern Europe recorded the largest jump in total personal wealth in 2024—over 12% increase compared with 2023, slightly ahead of North America. It added 28,000 new millionaires, a 2.9% increase, making the region a strong engine of growth.
Total personal wealth in Greater China grew by 3.4% from 2023 to 2024, outpacing Southeast Asia’s 2.7%. The Middle East & Africa rose 4.2%, making it the only other region with positive growth. Western Europe and Oceania (both -1.5%) and Latin America (-4.3%) all saw declines, after adjusting for population size.
Western Europe Holds the Largest Share!
According to the report, global personal wealth reached $471 trillion (€435 trillion) by the end of 2024. The US holds the largest share at 34.7% (€150.9 trillion), followed by China with 19.4% (€84.2 trillion). Japan ranks third with 4.5% (€19.7 trillion).
In Europe, the UK holds the highest share of global personal wealth at 3.84%, closely followed by Germany at 3.76%. France is not far behind with a 3.3% share.
Italy (2.25%) and Spain (1.95%) complete the top five in Europe. Not surprisingly, Europe’s five largest economies take the top five spots on this list.
Total by Country, Not Individual Averages!
It is important to note that these figures show total wealth and national shares. They do not indicate which countries are richer or wealthier at the individual level. Wealth per adult is the measure used for that comparison.
In general, countries with higher gross domestic product (GDP) tend to have larger shares of global personal wealth, as shown by the top five European economies. While GDP levels vary greatly, this pattern also applies to several other countries.
As for why the US and China hold more than half of global wealth, the report notes: “A combination of high wealth per adult and a large population makes the US stand out by holding almost 35% of the entire wealth measured in USD. Mainland China, thanks to its large population, holds almost 20% of personal wealth.”
What is Personal Wealth?
Wealth or net worth is defined as the value of financial assets and real assets (principally housing) owned by private individuals, less their debts according to the report. Private pension fund assets are included, but not entitlements to state pensions.
Wealth per adult rose in most European countries between 2023 and 2024, though a few saws declines. The Euronews article ‘Where in Europe did people’s net worth increase the most?’ shows how this changed at the personal level.
Meanwhile, the richest 10% in the eurozone held 57.3% of total net household wealth in the final quarter of 2024, you can read more on how wealth inequality varies widely across Europe here.
China Larger Than Europe’s top Five Combined
The combined share of Europe’s top five economies (15.1%)—France, Germany, Italy, Spain and UK—is still significantly behind China’s share of global personal wealth (19.4%).
The Netherlands (1.14%) and Switzerland (1.04%) each hold shares above 1%.
The global wealth shares of other European countries are far below this threshold. Nineteen out of 31 countries have shares of less than 0.4%.
For several countries, the global wealth share is below 0.1%. They included Luxembourg, Bulgaria, Slovakia, Slovenia, Lithuania, Latvia, Cyprus, Estonia and Malta.
In nominal terms, the UK holds €16.7 trillion in personal wealth, followed by Germany (€16.4 trillion) and France (€14.3 trillion). No other European country exceeds the €10 trillion mark.
