For the first time, there are more rich Chinese than Americans in the top 10%.
A new report from Credit Suisse (wealth in China is ticking up, and the country now accounts for 100 million of the richest 10% of people in the world. There are 99 million Americans in the same category.) shows that
The threshold to make it into the top 10%, globally, is roughly $109,400 in net assets. To be in the top 1%, you’d need just above $936,400.