Real-Life ‘Crazy Rich Asian’ Finds The Meaning Of Money | NBC News Description video: Rudy Rong, son of Chinese billionaires, is determined to redefine typical perceptions of Asians in the U.S. through his entrepreneurship.\n» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC\n» Watch […]
Real-Life ‘Crazy Rich Asian’ Finds The Meaning Of Money | NBC News
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Wealthy Chinese outnumber wealthy Americans for the first time
For the first time, wealthy Chinese have outnumbered wealthy Americans, according to a study by Credit Suisse, as both countries continue to "stamp" millionaires.
A Swiss bank’s annual poll released on Monday showed that China has overtaken the United States this year as the country with the largest population of the world’s richest 10%..
«Despite trade tensions between the United States and China over the past 12 months, both countries have made significant gains in wealth creation, contributing $ 3.8 trillion and $ 1.9 trillion, respectively, ” said Nannette Hechler-Faidherbe, head of global Economics and Research Credit Suisse.
The study estimates that the number of global millionaires increased by 1.1 million to 46.8 million, with a combined net worth of $ 158.3 trillion, 44% of the global total..
More than half – 675,000 new millionaires – are from the USA. In terms of the number of millionaires, the United States is far ahead of China. IN US about 18.6 million people own a fortune from 1 million dollars, and in China – 4.4 million.
The decline in the average wealth in Australia – mainly due to exchange rates – has resulted in 124,000 fewer millionaires there, while the UK lost 27,000 and Turkey 24,000..
Global wealth, which grew 2.6% over the past year, is forecast to grow 27% over the next five years to reach $ 459 trillion by 2024. The number of millionaires will also increase over this period to nearly 63 million..
90% of the world’s population accounts for 18% of the world’s wealth, up from 11% in 2000.
«It is too early to say that material inequality is now in a downward phase, the prevailing evidence suggests that 2016 could peak in the near future.», – said in a statement.