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Global Wealth Report 2019
October 28 , 2019
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- The Credit Suisse Group, a Switzerland-based multinational investment bank, has released the 10th edition of its annual Global Wealth Report.
- Wealth is defined in terms of “net worth” of an individual.
- Net worth is derived by addition of the value of financial assets and real assets minus the debts held by an individual.
Key Stats
- China has overtaken the United States this year to become “the country with most people in the top 10% of global wealth distribution”.
- Just 47 million people owned half 44% of world’s wealth ($158.3 trillion)
- In terms of percentage – 0.9% of people hold 44% of world’s wealth.
- The richest 10% own 82% of global wealth.
- The bottom half of wealth holders collectively accounted for less than 1% of total global wealth in mid-2019.
India specific Data
- India has fifth highest number of ultra-high net-worth individuals.
- Total wealth in India increased fourfold between 2000 and 2019, reaching $12.6 trillion in 2019.
- India has 4,460 adults with wealth of over $50 million and 1,790 that have more than $100 million.
- India has 8.27 lakh adults in the top 1% of global wealth holders.
- India is expected to grow its wealth very rapidly and add $4.4 trillion in the next five years.
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