A new report from Credit Suisse (CS) shows that wealth in China is ticking up, and the country now accounts for 100 million of the richest 10% of people in the world. There are 99 million Americans in the same category.
The United States still has many more millionaires — 18.6 million, or 40% of the world's total, versus 4.4 million in China. It's also adding to the millionaire count at a faster clip. The report credits low interest rates and Republican tax cuts for the country's 11th consecutive year of rising wealth.
Tech billionaires dominate China's rich list. Some pig farmers also had a good year
Tech billionaires dominate China's rich list. Some pig farmers also had a good year
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Wealthy Chinese outnumber wealthy Americans for the first time - CNN
