In this article we will be talking about the top 5 richest countries in the world. After the 2009 money crisis, global private wealth and business has been steadily buming
In fact, overall private wealth worldwide reached $204 trillion in 2018, which may be a 26% increase over the past decade
Rank Country Private Wealth in This article top 5 richest countries in the world on our chart, which uses numbers from the worldwide Wealth Migration Review 2019, examines the highest 10 richest countries and therefore the growth of personal wealth from 2008 to 2018.$USD (2018) 10-yr change (%)
Top 5 Richest Countries In The World
1 🇺🇸 United States $60.7 trillion 27%
2 🇨🇳 China $23.6 trillion 130%
3 🇯🇵 Japan $19.1 trillion 18%
4 🇬🇧 United Kingdom $9.1 trillion 4%
5 🇩🇪 Germany $8.8 trillion 7%
6 🇮🇳 India $8.1 trillion 96%
7 🇦🇺 Australia $6.0 trillion 48%
8 🇨🇦 Canada $6.0 trillion 23%
9 🇫🇷 France $5.9 trillion -7%
10 🇮🇹 Italy $3.8 trillion -14%
Combining, the top ten countries above which represent 74% of total private wealth worldwide.
These trends are staying consistent with the numbers seen in 2017. Asian countries like China and India showed the very best uptick in wealth gains, holding their #2 and #3 spots on the list, while European countries like France and Italy actually saw a decrease.
Trends in the Wealth Landscape
Over the last 10 years, China has experienced the most important increase in wealth at 130%. This growth also means China now boasts more high-net-worth individuals (HNWIs) than the other country except the us .
While India doubled its total private wealth over the 10-year period, wealth per adult remains at just 22% of the worldwide average.
The U.S. continues to steer in wealth numbers, holding 30% ($60.7 trillion) of the world’s total private wealth. Unsurprisingly, the U.S. remains home to the most millionaires in the world.
The World’s Millionaires: Top 5 Richest Countries In The World
United States: 17,350,000
World total: 42,155,000
Australia now tops the above list in terms of highest wealth per adult, and it’s second within the world only to Switzerland within the context of major nations.
Despite the recent turmoil and uncertainty stemming from Brexit, the United Kingdom still saw overall growth in the past decade, moving from #5 to #4 rank on the list of countries with the highest private wealth.
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Assumptions from the New World Wealth estimated that total global wealth will reach $291 trillion by 2028, driven by strong growth in Asia continent.
Rising Wealth Inequality
Unfortunately, this growth is additionally linked to the growing problem of wealth inequality gap across the world , and therefore the gap seems to urge bigger per annum .
The average global wealth per adult is approximately $27,000 – but of the entire adult population, 64% have a net worth of but $10,000. The bottom half adults within the world now own but 1% of all household wealth.
By contrast, 85% of all Top 5 Richest Countries In The World wealth is owned by the richest 10%, and therefore the top 1% own almost half (47%) of the world’s household wealth.