Australia's median wealth down nearly 7% since 2020 as millionaire count rises by 25,000

UBS's latest global wealth report shows Australia's median wealth has fallen almost 7% since 2020, even as more than 25,000 new millionaires were created in the country last year. The bank highlights a "growing divide between the wealthiest and the broader population." Globally, nearly one million new millionaires were added in 2025 — a record single-year increase.