Global wealth surges as China overtakes US to grab top spot
November 15, 2021 | Bloomberg
Global wealth tripled over the last two decades, with China leading the way and overtaking the US for the top spot worldwide.
That’s one of the takeaways from a new report by the research arm of consultants McKinsey & Co. that examines the national balance sheets of ten countries representing more than 60 per cent of world income.
“We are now wealthier than we have ever been,” Jan Mischke, a partner at the McKinsey Global Institute in Zurich, said in an interview.
