CSRI Global Wealth Report 2018

The key finding of this year’s new wealth valuation is for many observers not surprising – China is now clearly established second place in the world wealth hierarchy. The country overtook Japan with respect to the number of ultra-high net worth (UHNW) individuals in 2009, total wealth in 2011 and the number of millionaires in 2014.  Nevertheless, the data shows that mean wealth per adult in China (USD 47,810 in mid-2018) remains far below the level in Japan (USD 227,240).

Turning our interest …

The key finding of this year’s new wealth valuation is for many observers not surprising – China is now clearly established second place in the world wealth hierarchy. The country overtook Japan with respect to the number of ultra-high net worth (UHNW) individuals in 2009, total wealth in 2011 and the number of millionaires in 2014.  Nevertheless, the data shows that mean wealth per adult in China (USD 47,810 in mid-2018) remains far below the level in Japan (USD 227,240).

Turning our interest to the lower level of the wealth distribution, we see that 3.2 billion adults or about 64% of the adult population lives with a wealth below USD 10,000, which corresponds to only 1.9% of the global wealth. Those with low wealth are disproportionately found among the younger age groups, those who live in regions where  prospects for wealth creation are very limited (most notably Africa) and where opportunities are sometimes constrained.