1、Color gradient or Image placeholder October 2019 Research Institute Global wealth report 2019 Thought leadership from Credit Suisse and the worlds foremost experts 2 Editorial Ten years ago, the Credit Suisse Research Institute launched the first Global wealth report providing the most comprehensive
2、 and up-to- date survey of household wealth. Since then the Global wealth report has become the standard reference point to monitor wealth growth across countries and the extent to which wealth inequalities are widening or narrowing. For the past decade, global wealth creation has centered around Ch
3、ina and the United States. This year, the United States extended its un- broken spell of wealth gains, which began after the global financial crisis in 2008. The United States also accounts for 40% of dollar million- aires worldwide and for 40% of those in the top 1% of global wealth distribution. W
4、ealth in China started the century from a lower base, but grew at a much faster pace during the early years. It was one of the few countries to avoid the impact of the global financial crisis. Chinas progress has enabled it to replace Europe as the principal source of global wealth growth and to rep
5、lace Japan as the country with the second-largest number of millionaires. More tellingly, China overtook the United States this year to become the country with most people in the top 10% of global wealth distribution. The rest of the world has not stood still. Other emerging markets India in particu
6、lar have made a steady contribution, which we expect to continue over the next five years. However, overall worldwide growth was modest in the 12 months up to mid-2019. Aggregate global wealth rose by USD 9.1 trillion to USD 360.6 trillion, representing a growth rate of 2.6%. Wealth per adult grew b