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China’s Ultra Rich Leads the Rise in Global Wealth

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China’s Ultra Rich Leads the Rise in Global Wealth

China’s Ultra rich led the rise in global wealth in 2015. The Ultra High Net Worth (UHNW) individuals defined as those with $30 million and above in assets accumulated $175 billion of new wealth in 2015. China has accounted for almost 75% of total wealth created by global UHNW individuals in 2015.

Although it has created more dollar wealth than anywhere in the world, the UHNW population in China has only grown by 5% over the last four years. This is still lower than that of United States (19.9%).

News Source: Wealth X

 





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Caproasia.com is the leading platform for information, data, research and resource for the financial industry in Asia. Collectively, they manage more than $20 trillion assets in Asia in Investments, Fund Management, Asset Management, Private Banking, Wealth Management, Multi-Family Office, Family Office, Private Equity and Hedge Funds.