Fact Check: Private wealth grew eight times faster than government net wealth from 1995 to 2023.

Fact Check: "Private wealth grew eight times faster than government net wealth from 1995 to 2023."

What We Know

The claim that "private wealth grew eight times faster than government net wealth from 1995 to 2023" requires a detailed examination of both private and government wealth trends over the specified period.

According to the Global Wealth Report 2025, global net wealth has seen significant growth, but the report does not provide specific comparative growth rates for private versus government wealth over the stated timeframe.
The Global Private Markets Report 2025 indicates that private markets have experienced substantial growth, particularly in private equity, but again lacks specific figures that would support or refute the claim about the rate of growth compared to government net wealth.
The USA Wealth Report 2025 highlights that the U.S. has a significant share of global wealth, but does not break down the growth rates of private versus government wealth specifically.
The Knight Frank's 2025 Wealth Report mentions a 4.4% increase in the number of ultra-wealthy individuals, but does not provide a comprehensive analysis of wealth growth rates that could substantiate the claim.

Analysis

The claim suggests a stark contrast between the growth rates of private and government wealth, implying a significant disparity. However, the sources available do not provide a direct comparison or the specific data needed to verify this assertion.

The Global Wealth Report 2025 and Global Private Markets Report 2025 both indicate trends in wealth accumulation but focus on broader economic indicators rather than specific growth comparisons between private and government wealth. This lack of direct evidence makes it difficult to assess the accuracy of the claim.
The Knight Frank's Wealth Report and USA Wealth Report provide insights into wealth distribution and growth but do not quantify the rates of growth for private versus government wealth, leaving a gap in the data needed to confirm or deny the claim.
The absence of precise figures or studies directly addressing the growth rates of private wealth compared to government wealth from 1995 to 2023 suggests that the claim may be based on anecdotal evidence or interpretations rather than solid statistical backing.

Given the lack of specific data and the reliance on broader economic trends, the reliability of the sources is mixed. While they are credible in their respective fields, they do not address the claim directly.

Conclusion

Needs Research. The claim that "private wealth grew eight times faster than government net wealth from 1995 to 2023" cannot be substantiated with the available data. The sources reviewed provide valuable insights into wealth trends but lack the specific comparative analysis necessary to confirm or refute the claim. Further research is needed to obtain direct statistics on the growth rates of private versus government wealth over the specified period.

Fact Check: Private wealth grew eight times faster than government net wealth from 1995 to 2023.