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Swiss still world’s richest

Summary:
According to the annual wealth report produced by Credit Suisse, Switzerland leads on wealth per adult with US$ 530,240, comfortably ahead of second-placed Australia where the figure is US$ 411,060. The US is third with US$ 403,060. © Sam74100 | Dreamstime.com During the twelve months to mid-2018, aggregate global wealth rose by US$ 14.0 trillion to US$ 317 trillion, a growth rate of 4.6%. Wealth per adult grew by 3.2%, raising global mean wealth to USD 63,100 per adult, a record high. There are now 42 million millionaires worldwide. Over 60% of Swiss adults have assets above US$ 100,000 and 11% are US$ millionaires. Switzerland (US$ 183,340) slips behind Australia (US1,450) on median wealth per adult, a measure that favours countries with lower levels of wealth inequality. Anyone in

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According to the annual wealth report produced by Credit Suisse, Switzerland leads on wealth per adult with US$ 530,240, comfortably ahead of second-placed Australia where the figure is US$ 411,060. The US is third with US$ 403,060.

© Sam74100 | Dreamstime.com

During the twelve months to mid-2018, aggregate global wealth rose by US$ 14.0 trillion to US$ 317 trillion, a growth rate of 4.6%. Wealth per adult grew by 3.2%, raising global mean wealth to USD 63,100 per adult, a record high. There are now 42 million millionaires worldwide.

Over 60% of Swiss adults have assets above US$ 100,000 and 11% are US$ millionaires.

Switzerland (US$ 183,340) slips behind Australia (US$191,450) on median wealth per adult, a measure that favours countries with lower levels of wealth inequality. Anyone in Switzerland with net wealth above US$ 183,340 is in the top half of the population.

Globally, the richest 10% of adults owns 85% of global wealth, and the top 1% accounts for almost half of all household wealth (47%). Russia is still the most unequal country. The richest 1% owns around 57% of the wealth there and the top 10% owns around 82% of the total.

Wealth inequality has not yet fallen significantly, but has stabilized according to most indicators. As a result, future prospects for inclusive wealth growth look more promising than they have been for the past couple of years, says the report.

Wealth is defined as the value of financial assets plus real assets (principally housing) minus debts. It includes private pension fund assets.

More on this:
Credit Suisse wealth report (in English)

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