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 - Click to enlarge
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.
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.
More on this:
Credit Suisse wealth report (in English)
For more stories like this on Switzerland follow us on Facebook and Twitter.
Full story here Are you the author?
Tags: newsletter
