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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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