November 15, 2021
Global wealth surges as China overtakes US to grab top spot

Global wealth tripled over the last two decades, with China leading the way and overtaking the US for the top spot worldwide...

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.

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