Source: Fortune.com
Summary
According to UBS’s 2026 Global Wealth Report, the number of everyday millionaires (EMILLI) is growing, with 441,078 new millionaires in the US alone in 2025. However, the wealth gap between EMILLI and the “elder siblings” (households with $5-100 million in net wealth) is widening, with the latter growing their wealth at a rate of 6.1% annually, compared to 4% for EMILLI. The report suggests that access to private equity, private credit, and alternative asset classes has contributed to the wealth disparity.
Our Reading
The numbers tell one story. UBS’s report highlights the growing wealth gap between EMILLI and the elder siblings, with the latter’s wealth growing at a faster rate. The elder siblings’ access to private markets and alternative asset classes has given them an edge in wealth accumulation. Meanwhile, EMILLI households are largely confined to public markets. The report’s data shows that the wealth gap is not just about headcount growth, but also about the rate of wealth accumulation. The $5.3 million figure, which Americans believe is necessary to feel financially successful, has become a new benchmark, suggesting that the destination for wealth has moved.
Author: Evan Null
