An optical glass having ultrahigh refractive index and high dispersion characteristics in the form of a refractive index nd exceeding 2.05 and an Abbe number vd of 18.5 or lower and of permitting the stable production of high-quality glass from a glass melt; and a glass material for press molding and an optical element comprised of the optical glass. The optical glass is in the form of an oxide glass and comprises, denoted as cationic percentages: 16 to 35% of P5+, 14 to 35% of Bi3+, 10 to 33% of Nb5+, 0 to 18% of Ti4+, and 0 to 20% of W6+; the total content of Bi3+, Nb5+, Ti4+, and W6+ being 55% or higher; the refractive index and exceeding 2.05; and the Abbe number vd being 18.5 or lower.