Rich Chinese outnumber wealthy Americans for first time

Rich Chinese outnumber wealthy Americans for first time

A study by Credit Suisse has shown that the number of rich Chinese has surpassed the count of wealthy Americans for the first time. The annual wealth survey found 100 million Chinese ranked in the global top 10 per cent as of the middle of this year versus 99 million in the US. The number of the world’s millionaires rose to an estimated 46.8 million, collectively owning 44% of global net assets.

Clara
Clara
gruppler
gruppler 4 months

That's 7% of China's population vs 30% of the US population.

Publius
Publius 4 months

That's some nice communism you've got there, China.

Louie
Louie 4 months

Sounds like Communist propaganda, but OK.

Jerry Totten
Jerry Totten 4 months

in a totalitarian government that will take it all away if there isn't strict and unquestioning obedience and where the business must be subordinated to State desires. That's not really wealth.

Paul Saxon
Paul Saxon 4 months

Poor Americans have more guns than rich Chinese.

Midgetelf
Midgetelf 4 months

Because the Chinese MASSIVELY outnumber Americans?

Yoshiki
Yoshiki 4 months

Yeah that's not counting all the corrupt government officials with billions of dollars of hard cash, gold, jewellery etc stashed at home. All their kids wives and mistresses are in the western world driving lambos and Ferraris with luxury houses, while at least 1/7 of the country lives in dirt, literally less than 3k USD income for the whole family per year. Disgusting "socialism with China characteristics" at it's finest.

Property
Property 4 months

God if china becomes the global superpower, lord help us all.

Jazz
Jazz 4 months

Sounds like some corrupt business obedience with extra propaganda.

Sebastian Rosado
Sebastian Rosado 4 months

asian privilege

Michael Shields
Michael Shields 4 months

And China had to redefine "extreme poverty" so that nobody thinks that their rural communities are literally starving... This is a spin piece, China has a property bubble on the verge of bursting that makes the 2008 recession look insignificant by comparison. China is a terrible place, a true fascist regime as Mussolini himself would have designed.

Jim Boi
Jim Boi 4 months

The cbs article said we more than quadruple China’s millionaire population so I think that a better metric.

James T Kirk
James T Kirk 4 months

This has come at Americans' expense

Fixed Headlines
Fixed Headlines 4 months

"Credit Suisse study shows 7% of China population now has a net worth over $109,000, while the median Chinese household net worth is $22,000. The same study shows 30% of U.S. population now has a net worth over $109,000, while the median U.S household net worth is $66,000."

ronnie massart
ronnie massart 4 months

𝐈 𝐝'𝐧'𝐭 𝐤𝐧𝐨𝐰 𝐢𝐟 𝐈 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭

Mitchell
Mitchell 4 months

How many you think are Americans that renounced their citizenship and moved to China?

Ben B.
Ben B. 4 months

Yeah that happens when you don't have to spend the money to research in order to have your own intellectual property that isn't stolen.

Jason
Jason 4 months

why can't asians be wealthy?

Matthew
Matthew 4 months

That's it...time for nuclear war.

oneski io
oneski io 4 months

Interesting! The China is doing well for a few people. Is that the natural order?

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