Ultra-wealthy giving reaches $250bn as Asian philanthropy grows, Spear's reports | Wealth Office
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Ultra-wealthy giving reaches $250bn as Asian philanthropy grows, Spear's reports

Altrata's latest study finds donations by the ultra-wealthy have risen by about a third in three years, with Asia and the Middle East growing fastest.

Spear's reports that philanthropy by the ultra-wealthy reached $250 billion in 2025, up about a third in three years, according to Altrata's High Net Worth Philanthropy 2026 report. Individuals gave $650 billion worldwide last year, and the roughly 557,000 people Altrata classes as ultra-high net worth accounted for just under 40% of it. Their giving grew 7.3% a year between 2018 and 2025, faster than foundations at 6%. Asian ultra-wealthy giving rose 42.2% compared with 2022 to $34.4 billion, while Middle Eastern giving rose 27.4% to $10.9 billion. North American donors still gave the most, at $115 billion, or 46% of the total.

Altrata says education remains the leading cause, while environmental giving is rising fastest. Its research also projects that Gen Z and millennials, 6% of the wealthy today, will make up 37% by 2040, and that women's share of the ultra-wealthy will rise from 12% to 19%. Spear's links the growth partly to cuts in government aid.

Why it matters: As public funding retreats, private donors are being asked to fill larger gaps, and charities are courting them more intensively. Generational and gender shifts will change which causes are funded and how. Families that set clear philanthropic strategy and governance now, including involving the next generation, will be better placed to give with purpose rather than in reaction to requests.

Source: Spear's, October 15, 2026. Wealth Office summarises reporting by other publications and links to the original.