CLOSE
CLOSE

Report: China Now Has More Rich People Than The United States

China power!


  • Share:

Report: China Now Has More Rich People Than The United States
Instagram/RichLevelAsians

Crazy rich China people.


Say what you want about China and its citizens, there's no denying that are wealthy.

So wealthy, in fact, they have just dethroned the United States as the country with the most rich people.

Crazy rich China people

The 2019 Global Wealth Report by investment and financial services provider Credit Suisse Group revealed that for the the first time ever in history, China has overtook the US to become the country with the most people in the top 10 per cent of global wealth distribution.

According to the report, China has a total of 99.9 million people in the top 10 per cent of global wealth distribution.

In comparison, the US only has 98.8 million people in the same category!

There are still more millionaires in the US though.
However, that doesn't really mean that the Mainland Chinese is wealthier than the Americans, though.

The report stated that the US is still home to 40 per cent of the world’s millionaires (47 million in total), while China has the second most millionaires with 4.4 million.

In case you're wondering, there are only around 30,000 millionaires in Malaysia, according to this website.

Now you know lah how all these China aunties can sapu the whole stock from our Louis Vuitton outlet.

  • Share:

Comments

Related Articles

Back to top