There are more wealthy Chinese than Americans for the first time

For the first time, there are more rich Chinese than Americans in the top 10%.

A new report from Credit Suisse (CS) shows that 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.
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.

Article URL : https://www.cnn.com/2019/10/21/investing/china-wealth-americans/index.html

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