OREANDA-NEWS. For the first time, China surpassed the United States in the number of wealthiest people. This is stated in the annual Global Wealth Report from Credit Suisse, published on the website of the Swiss bank. According to the study, as of mid-2019 in China, the number of citizens included in the top 10% of the richest people in the world was 100 million people. In the United States, according to experts, 99 million people belong to this category.

“Despite trade disagreements between the United States and China over the past 12 months, both countries have made significant strides in improving wealth by $ 3.8 trillion and $ 1.9 trillion, respectively”, Credit Suisse spokesman told Reuters. At the same time, according to Credit Suisse, the United States overtakes China in the total number of millionaires. There are 18.6 million people in the USA, and only 4.4 million in China.

In total, according to bank experts, in 2019 the number of millionaires increased by more than 1 million people compared to the previous year (from 45.6 to 46.8 million people).