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China overtakes US in rankings of world's richest people

1 month ago   |   By The Guardian

Credit Suisse survey shows Brexit effect has reduced number of UK millionaires by 27,000 The number of wealthy Chinese people has overtaken the number of rich Americans for the first time, according to a report by Credit Suisse. The Swiss bank's annual wealth survey found there were 100m Chinese people among the world's top 10% of richest people, compared with 99m in the United States. The report says the “rapid transformation of China from an emerging nation in transition to a fully fledged market economy” helped create a record number of rich people.
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