Australia Wealth Ranking 2025 – 2nd Richest by Median Wealth
Australia has a higher median wealth than nearly every nation on Earth, second only to Luxembourg.
A new report ranked 56 of the world’s countries based on the total value of assets and investments, minus debts.
Wealth means different things to different people – while most measure it in dollars, many would argue that true wealth is also about living a long and fulfilling life.
However, today we’re focusing on the value of one’s financial assets to explore a new study of the world’s wealthiest countries, based on median wealth.
This year, Australia ranked second out of 56 countries, beaten only by Luxembourg in Europe.
Global Wealth Report 2025: How Australia Ranked
This ranking is based on data from the United Nations, World Bank, International Monetary Fund, and central banks worldwide, as compiled in UBS’s 16th annual Global Wealth Report.
Instead of solely relying on GDP per capita, the report focuses on median wealth per adult – the total value of assets and investments (minus debts) held by the person in the middle of a country’s wealth distribution, built over time rather than in a single year.
This paints a clearer picture of where money is generated and stored, and isn’t skewed by the extreme wealth of billionaires.
Australia’s Median Wealth in 2025
Australia currently stands as the second-wealthiest country in the world, with a median wealth per adult of US$268,000 (AU$413,000).
In other words, half the population has more than this amount, while the other half has less. Meanwhile, Australia ranks fifth out of 56 countries in terms of average wealth per adult, at US$620,000 (AU$954,000).
What Makes Up Australia’s Wealth?
It’s not all about cash in the bank. Australia has the lowest proportion of wealth held in cash, securities, and deposits, at just over ten per cent – roughly half the amount in Switzerland, Singapore, and the United Kingdom.
The majority of our nation’s wealth is tied up in non-financial assets, with real estate alone accounting for 53 per cent. For comparison, the share of wealth in real estate in the United States is just 30 per cent.
How Many Millionaires Are in Australia in 2025?
The most mind-boggling fact is that one in ten Australians is a millionaire in US dollars (equivalent to AU$1.54 million).
This places us eighth on UBS’s Millionaire Index, with 1.9 million Australians holding a net worth of seven figures.
Leading the pack is the US, with 23.8 million millionaires – more than four times as many as mainland China, in second place, and surpassing the combined total of France, the UK, Germany, Canada, Japan, and Australia.
World’s Richest Countries by Median Wealth (2025)
- Luxembourg – US$395,340 / AU$609,000
- Australia – US$268,424 / AU$413,000
- Belgium – US$153,539 / AU$236,000
- Hong Kong SAR – US$222,015 / AU$342,000
- Denmark – US$216,098 / AU$333,000
- New Zealand – US$207,707 / AU$320,000
- Switzerland – US$182,248 / AU$281,000
- United Kingdom – US$176,370 / AU$272,000
- Canada – US$151,910 / AU$234,000
- France – US$146,017 / AU$225,000
All currency conversions are approximate, based on the USD to AUD exchange rate of 1.5395 as of August 21, 2025.
