China had 9.4 per cent of the world’s millionaires in 2020 at 5.3 million, behind only the US. Photo: AFP China had 9.4 per cent of the world’s millionaires in 2020 at 5.3 million, behind only the US. Photo: AFP
China had 9.4 per cent of the world’s millionaires in 2020 at 5.3 million, behind only the US. Photo: AFP

China will create millionaires over three times faster than the US in five years through 2025, Credit Suisse wealth report says

  • Rise of China’s wealth between 2000 and 2020 is almost equal to the 80 years of growth of wealth in the US from 1925 until 2005, says economist and report author Anthony Shorrocks
  • Hong Kong ranks among top five in terms of both wealth per adult and density of millionaires, ahead of mainland China and Singapore

Topic |   Banking & Finance
China had 9.4 per cent of the world’s millionaires in 2020 at 5.3 million, behind only the US. Photo: AFP China had 9.4 per cent of the world’s millionaires in 2020 at 5.3 million, behind only the US. Photo: AFP
China had 9.4 per cent of the world’s millionaires in 2020 at 5.3 million, behind only the US. Photo: AFP
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