Global
wealth could rise 50 percent to $345 trillion over the next five years, spurred
by a near doubling of total household wealth in China and strong growth in Asia
Pacific, Latin America and Africa, a Credit Suisse report released Wednesday
said.
The Global Wealth Report 2011 from Credit
Suisse research said total global wealth jumped 14 percent between January 2010
and June 2011, ending the period at $231 trillion, with Asia Pacific countries
responsible for 54 percent of the rise.
"These are times of unprecedented
economic change, and a radical reconfiguration of the world's economic order is
taking shape," said Osama Abbasi, Chief Executive Officer for Asia Pacific
at Credit Suisse.
"Emerging markets are important drivers
of the global recovery and remain the key growth engines of global
wealth."
With an expected $81 trillion, the United
States is seen remaining in the top spot in 2016 in terms of total household
wealth, while China is set to leapfrog Japan into second place by almost
doubling its household wealth to $39 trillion.
Adults in Switzerland, Australia and Norway
are the richest in the world, with Swiss adults holding average wealth of
$540,010, the only country where the average adult has more than $500,000.
The net worth of the average Swiss person when
measured in U.S. dollars, was bumped up by the strength of the Swiss franc,
which rose about 10 percent in value against the greenback from the start of
the year to the end of June.
Reuters
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