Allianz Research tracks household wealth across nearly 60 countries in its annual review of financial assets, debt and how wealth is distributed. This edition highlights North America’s growing share of global financial assets, the steady concentration of wealth within countries and how AI could shift value from labor toward capital owners.
Allianz Global Wealth Report 2026
Allianz
Katharina Utermoehl
Research
40 Pages
Key Takeaways
Record Asset Growth: Global gross financial assets rose 8.6% in 2025 to a record EUR268.4 trillion, with valuation gains driving roughly 80% of the increase.
North America Dominates: North America holds 48.1% of global gross financial assets and generated 51.4% of the 2025 increase, helped by a 60.7% securities allocation.
AI Wealth Risk: The top 10% own 87% of US corporate equities, so AI driven gains to capital could widen inequality.