Here's where Canada ranks among the richest countries in the world

Canada is one of the richest countries in the world, according to a new report.

UBS, a Swiss bank that manages the wealth of high-net-worth individuals around the world, released its Global Wealth Report for 2026, and the findings reveal just how wide the gap is between the richest and everyday Canadians.

According to UBS, while global wealth grew rapidly in 2025, with personal wealth rising by over 10 per cent at its fastest pace in years, inequality deepened.

"This growth was fueled by strong financial markets and a notable increase in non-financial assets, signaling a broad uplift in living standards," reads the report. "However, the gains were uneven: while average wealth rose notably, median wealth actually declined in most markets, highlighting a growing divide between the wealthiest and the broader population."

The report found that North America is the richest region in the world, with an average personal wealth of over US$664,000 (C$942,000) in 2025. This was mainly driven by the United States being the second richest country globally, with an average wealth per adult of US$696,277 (C$988,000) in 2025.

The U.S. sits behind Switzerland, which holds the top spot with an average wealth per adult of US$910,382 (C$1.2 million). Canada is up there, taking 13th place with an average wealth per adult of US$399,886 (C$567,000).

UBS also noted that a record number of millionaires emerged globally in 2025, reaching record levels in every market it tracks.

"Nearly one million new millionaires were created in 2025, with the United States accounting for almost half of this growth, with more than 1,200 new millionaires emerging every day," reads the report. "Eastern Europe led in percentage growth, while Asia-Pacific and Western Europe also saw significant increases."

In fact, a recent report from a non-profit, non-partisan organization, Canadians for Tax Fairness (C4TF), revealed which provinces are home to the richest billionaire families in Canada.

Check out the full UBS report.