The United States has 5.5 million millionaires, five times more than China in the world

2024-03-25 05:48:45

In recent years, the theory of “rising in the east and falling in the west” has emerged, but the latest statistics show that the number of people with million-dollar assets in the United States is as high as 5.5 million, the highest in the world, five times more than in China. Experts analyze the epidemic lockdown and government intervention in private enterprises , all slowing down China’s rate of wealth creation.

There are 5.5 million millionaires in the United States, the most in the world, five times more than in China. (Getty Images) (Bitter via Getty Images)

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The number of millionaires in the United States has increased by 62% in ten years

London-based asset management firm Henley & Partners published “2024 USA Wealth Report》, used the global asset mobile database New World Wealth to sort out the asset distribution of wealthy people in various countries, and found that the United States is still the country that creates the most wealth. 32% of the world’s liquid investable assets (liquid investable wealth) are located in the United States, totaling 670,000 There are as many as 5.5 million high-net-worth individuals with more than one million U.S. dollars, accounting for 37% of the world’s largest population. The number of high-net-worth individuals has increased rapidly by 62% in the past ten years, which is faster than the global average growth rate of 38%. Nearly 40%.

If calculated by city, New York City continues to be the city with the most wealthy people in the United States and the world, with only 349,000 people with million-dollar assets, followed by 305,700 people in the Bay Area of ​​California, 212,100 people in Los Angeles, and 212,100 people in Chicago. 120,500 people, and 90,900 people in Houston.

The difference in per capita wealth between the United States and China is ten times

As for the performance of China, America’s gaming rival? The report indicates that China has 862,000 millionaires, and the United States has five times more millionaires than China; while the United States has 9,850 centi-millionaires, compared with 2,352 in China, and the United States has more billionaires than China. The number of Americans and Chinese with assets of one billion US dollars is 788 and 305 respectively. It is also worth noting that although there are as many as 862,000 millionaires in China, China’s per capita assets are US$18,800, while those in the United States are US$201,500. The difference between the two is ten times. It can be seen that the gap between rich and poor in China is greater than that in the United States. serious.

The report also pointed out that the United States is the leader in creating and accumulating wealth. The United States ranks sixth in the world in terms of per capita assets, second only to Monaco, Luxembourg, Switzerland, Australia and Singapore.

Dominic Volek, head of private clients at Henley & Partners, pointed out that China’s implementation of containment measures during the COVID-19 epidemic and the government’s intervention in private enterprises have slowed down China’s wealth creation and growth.

A record-breaking 13,500 millionaires will leave China in 2023. (AFP/AFP via Getty Images) (AFP via Getty Images)

More than 10,000 millionaires leave China

Chinese people moving their money to the United States may be one of the reasons for the slowdown in the growth of Chinese millionaires. In 2023 alone, a record-breaking 13,500 millionaires left China; in the same year, 2,200 millionaires entered the United States. The report predicts The number of millionaires immigrating to the United States this year will reach 3,500. Among them, technological talents and entrepreneurs from Asia, Europe, and the United Kingdom are particularly fond of the United States.

Americans have money, and they also spend a lot of money on the art market.Report published by UBS and Art BaselIt means that 42% of global fine art sales are purchased by Americans; Bain Strategy Consultants (Bain) estimates that in 2030, China will only account for 35% to 40% of global luxury goods consumption, which is similar to the current level; Sales of luxury goods in the United States last year reached US$80 billion, compared with US$52 billion in China. This shows that the United States is at a relatively high level in terms of wealth scale and consumption power.

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