China holds nearly 10% of global wealth and India is poorer than other BRIC nations says this report

In its Global Wealth Report, The Credit Suisse Research Institute has said that China holds nearly 10% of the global wealth and that it also accounts for a fifth of the global population.

The report, which focuses on how the middle class grew in the past few years says, “Global wealth reached 250 trillion US dollars in 2015, slightly less than a year earlier, due to adverse exchange rate movements.”

Chinese middle class, for the first time ever, outnumbered the US and emerged as the largest group in the world. However, the report says that the middle class has strongly grown in all regions and in all countries.

Not just this, but the report also lets you develop an understanding of where do you stand on this platform basis your financial planning. It says, to be part of the wealthiest half of the world's adult population, you need 3,210 dollars once debts have been subtracted. To be a member of world’s wealthiest 10%, you need 68,800 dollars and to be among the richest, you should own 759,900 dollars.

Talking about the global wealth the report says, global wealth is likely to grow at an annual rate of 6.5% in the coming years, reaching 345 trillion USD by 2020.

The household wealth by region too has observed drastic changes this year.

Here’s the picture showing global wealth levels with India in the below USD 5,000 category and US over USD 100,000.