Ex situ conservation is widely used to protect wild plant species from extinction. However, it remains unclear how genetic variation of ex situ plant collections reflects diversity of wild source populations. We conducted a global meta‐analysis of the genetic representativeness of ex situ populations by comparing genetic diversity (i.e., AR, allelic richness; He, expected heterozygosity; PPB, percent polymorphic bands; and SWI, Shannon–Winner index), inbreeding coefficient (FIS), and genetic differentiation between ex situ plant collections and their wild source populations. Genetic diversity (i.e., He, PPB, and SWI) was significantly lower in ex situ populations than their wild source populations, whereas genetic differentiation between ex situ and wild populations (ex‐situ‐wild FST), but not that among ex situ populations, was significantly higher than among wild populations. Outcrossing species, but not those with mixed mating system, had significantly lower genetic diversity in ex situ populations and significantly higher ex‐situ‐wild FST. When the collection size for ex situ conservation was ≥30 or 50, PPB, He, and ex‐situ‐wild FST were not significantly different between ex situ and wild populations, indicating a relatively high genetic representativeness. Collecting from the entire natural distribution range and mixing collections from different sources could significantly increase the genetic representativeness of ex situ populations. Type of ex situ conservation (i.e., planting or seed bank) had no effect on genetic representativeness. The effect size of He decreased and the effect size of ex‐situ‐wild FST increased as the duration of ex situ conservation increased. Our results suggest that current ex situ plant collections do not effectively capture the genetic variation of wild populations. Low genetic representativeness of ex situ populations was caused by both initial incomplete sampling from wild populations and genetic erosion during ex situ conservation. We emphasize that it is necessary to employ more thorough sampling strategies in future collecting efforts and to add new individuals where needed.