Switzerland records the highest average wealth per adult among the countries covered by UBS's Global Wealth Report 2026, while the United States ranks second. As of the end of 2025, Switzerland's average stands at €777,506 per adult, ahead of the United States at €594,651 (or $696,277). Luxembourg holds the highest average among European Union countries at €559,170, ahead of Hong Kong, Australia and Singapore, each above €450,000. Denmark (€446,959), Norway (€363,303) and the Netherlands (€354,673) complete the European presence within the top ten, while Belgium (€348,382) and Sweden (€347,089) also exceed €300,000.
The report covers 56 countries representing more than 92% of global wealth. Within that group, the United States holds 38.1% of personal wealth, Western Europe accounts for 21.9% and Eastern Europe 3.3%. Eighteen of the thirty economies with the highest average wealth per adult are in Europe, a figure that rises to nineteen when wealth is measured by median rather than average.
Among Europe's five largest economies, Germany ranks 14th globally in average wealth at €296,023, ahead of France (€291,536), Spain (€261,689) and the UK (€250,071), with Italy lowest among the group at 23rd on €238,653. Ireland (€268,312), Austria (€239,123), Finland (€178,610), Portugal (€167,188), Malta (€139,769) and Greece (€122,421) also appear in the global top 30 for average wealth.
Median wealth, which UBS's report describes as a more accurate gauge of typical wealth levels than the average, produces a different ranking. Luxembourg again leads globally at €336,498, less than half the top average figure, followed by Belgium at €236,712, then Australia (€180,018), New Zealand (€176,460), Hong Kong (€160,533), Denmark (€174,029), Switzerland (€124,310) and Norway (€119,569).
The ranking among Europe's five largest economies changes substantially under the median measure. Italy leads the group at €111,881, ranking 11th globally, followed by the UK (€107,042), France (€104,106) and Spain (€95,290). Germany falls to last among the five at €45,679, dropping from 14th to 30th globally between the average and median measures. The United States falls from second in average wealth to third from the bottom in median wealth, at €58,927 — the largest single drop recorded in the report. Sweden and Singapore each fall more than ten places between the two rankings. Japan rises fourteen places, from 24th to 10th, and Malta, Italy, Belgium and the UK also rank considerably higher by median than by average, pointing to a broader distribution of wealth around the middle of those populations. Slovenia replaces the UAE when the ranking switches from average to median wealth.
By region, average wealth per adult in the United States, at €594,651, is more than double the €287,884 recorded in Western Europe. Average wealth per adult in Eastern Europe stands at €53,055.
The gap between average and median figures in the United States, Germany, Sweden and Singapore indicates wealth concentrated toward the top of the distribution in those markets, while Italy, Belgium, Malta and the UK show comparatively even distribution around their respective medians. Wealth-management mandates, private banking allocation models and cross-border tax-base assessments built on average figures alone carry a greater risk of misreading the underlying client population in markets where the divergence between average and median wealth is widest.
