Highlights

  • China's net worth at $120 trillion vs the U.S. at $90 trillion
  • Global wealth stood at $514 trillion
  • Two-thirds of the wealth is held by the richest 10%

Latest news

Eknath Shinde pays tribute to RSS founder, highlights Sangh's nation-building role

Eknath Shinde pays tribute to RSS founder, highlights Sangh's nation-building role

Delhi to Promote Linguistic Diversity with Multilingual Road Signages and Bureaucratic Nameplates

Delhi to Promote Linguistic Diversity with Multilingual Road Signages and Bureaucratic Nameplates

Punjab govt releases Rs 28 crore for pregnant women, lactating mothers under Matru Vandana Yojana

Punjab govt releases Rs 28 crore for pregnant women, lactating mothers under Matru Vandana Yojana

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

NDA and INDIA bloc MPs clash in Parliament; BJP accuses Rahul Gandhi of pushing its MP

NDA and INDIA bloc MPs clash in Parliament; BJP accuses Rahul Gandhi of pushing its MP

Punjab: Over 200 accident victims receive treatment under Farishtey scheme

Punjab: Over 200 accident victims receive treatment under Farishtey scheme

Jalandhar police returns seized property worth Rs 13 crores to rightful owners

Jalandhar police returns seized property worth Rs 13 crores to rightful owners

Goa CM Sawant Celebrates Liberation Day, Honors Freedom Fighters and State’s Progress

Goa CM Sawant Celebrates Liberation Day, Honors Freedom Fighters and State’s Progress

China overtakes U.S. to become world's richest country: Report

More than 68% of global net worth is stored in real estate

China overtakes U.S. to become world's richest country: Report

China holds almost one-fourth of the world's total wealth. A report by McKinsey & Co showed that China overtook the U.S. to become the world's richest economy.

Global wealth tripled over the last two decades to $514 trillion in 2020, from $156 trillion in 2000. China accounted for almost one-third of this increase. Its wealth skyrocketed to $120 trillion from a mere $7 trillion in 2000. The U.S. saw a double-fold rise in its net worth to $90 trillion.

In both countries, more than two-thirds of the wealth is held by the richest 10% of households.

As computed by McKinsey, 68% of global net worth is stored in real estate.

ADVERTISEMENT

Up Next

China overtakes U.S. to become world's richest country: Report

China overtakes U.S. to become world's richest country: Report

New Zealand falls into recession with abrupt economic slowdown

New Zealand falls into recession with abrupt economic slowdown

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

ADVERTISEMENT

editorji-whatsApp

More videos

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

 Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Five of top-10 most valued firms together add Rs 1.13 lakh Crore in market valuation

Five of top-10 most valued firms together add Rs 1.13 lakh Crore in market valuation

Airlines are price takers, they do not have influence on prices they pay: IATA Chief Economist

Airlines are price takers, they do not have influence on prices they pay: IATA Chief Economist

India’s import of Russian oil drops in November on shrinking discounts

India’s import of Russian oil drops in November on shrinking discounts

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.