Global wealth surges as China overtakes US to grab top spot

November 15, 2021 | Bloomberg

Global wealth tripled over the last two decades, with China leading the way and overtaking the US for the top spot worldwide.

That’s one of the takeaways from a new report by the research arm of consultants McKinsey & Co. that examines the national balance sheets of ten countries representing more than 60 per cent of world income.

“We are now wealthier than we have ever been,” Jan Mischke, a partner at the McKinsey Global Institute in Zurich, said in an interview.

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