Written by: Badr Ahmed

The 2026 Global Wealth Report by Capgemini Research Institute revealed that the wealth held by millionaires around the world reached a new record high in 2025, reaching $98.3 trillion, an increase of 8.7 percent compared to the previous year, driven by strong performance in global stock markets and the expansion of investments related to artificial intelligence technologies.

Global wealth to hit a record high in 2025

The report explained that the number of high-net-worth individuals, who own investable assets exceeding one million dollars, excluding the store

Their primary residence increased by approximately two million people during the past year, reaching 25.3 million people worldwide.

The report attributed this growth to several key factors, including the rise in the value of technology company stocks, particularly those related to artificial intelligence applications, along with the decline in inflation rates in a number of major economies, which contributed to strengthening the performance of financial markets and increasing the value of investment assets.

On the African level, the report showed the continued growth of the high-net-worth segment, with the number of millionaires on the continent increasing by 4.1 percent during 2025.

Morocco came out on top of African countries in terms of growth rate, recording an increase of 16.8 percent in the number of high-net-worth individuals, the fastest rate on the continent.

The report indicated that Morocco’s remarkable performance is due to a range of economic factors, most notably the expansion of the financial services sector, rising real estate values, and the growing number of wealthy individuals coming from diverse economic sectors within the private sector.

The continued rise in precious metal prices has also played an important role in boosting the wealth of investors and high-net-worth individuals in a number of African countries, particularly in economies linked to the mining and natural resources sectors.

Despite this remarkable growth in global wealth, the report warned of the continued extreme concentration of wealth among a limited group of wealthy individuals, explaining that only 1 percent of high-net-worth people own about 34.8 percent of the total capital within this group, reflecting the widening gap in wealth distribution at the global level.