Money

The US tops the world with more than 140,000 ultra-rich citizens worth more than $50 million, after adding another 30,000 to the rolls in 2021

7 days ago   |   By Business Insider

American flag over US money STILLFX/Getty Images
The US has the highest number of individuals with worth more than $50 million, according to a new global wealth report.
The US is also home to the majority of people with more than $100 million in wealth.
The median wealth per adult in the US was a little more than $93,000, the report found.
Back in 1821, the British poet Percy Bysshe Shelley made a prescient observation. "The rich get richer," Shelley wrote. He noticed those who already had wealth continued to accrue more at the expense of those poorer than them. Exactly two centuries...
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The typical Chinese adult is now richer than the typical European adult, a new wealth report finds

7 days ago   |   By Business Insider

The average Chinese citizen is now worth over $26,000. Catherine McQueen/Getty Images
Credit Suisse found China's median wealth outpaced Europe's in its 2021 Global Wealth Report.
The average Chinese citizen has a wealth of $26,752, around $60 more than the average European.
Chinese wealth has surged in the past two decades, with median wealth per adult growing more than eight-fold.
A major new report from investment banking and wealth management giant Credit Suisse has found that the average Chinese adult is now wealthier than the average European. Although North America and Europe...
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