Unsurprisingly, US is the wealthiest in the world in terms of total individual wealth held ($48,900 billion) while China stood 2nd and Japan 3rd, with total individual wealth of $17,400 billion and $15,100 billion, respectively, according to a report by New World Wealth. Four countries from Europe appeared on the list, while 3 from Asia made it to the rankings.
Others in the top five wealthiest nations club include the United Kingdom (4th) with a total individual wealth of $9,200 billion and Germany (5th, $9,100 billion).
Rounding up the top ten are France ($6,600 billion), India ($5,6700 billion), Canada ($4,700 billion), Australia ($4,500 billion), and Italy ($4,400 billion), which came in at 6th, 7th, 8th, 9th and 10th slots, respectively.
Top 10 countries, ranked by total individual wealth, 2016
#1 – United States
Total individual wealth: $48,900 billion
#2 – China
Total individual wealth: $17,400 billion
#3 – Japan
Total individual wealth: $15,100 billion
#4 – United Kingdom
Total individual wealth: $9,200 billion
#5 – Germany
Total individual wealth: $9,100 billion
#6 – France
Total individual wealth: $6,600 billion
#7 – India
Total individual wealth: $5,600 billion
#8 – Canada
Total individual wealth: $4,700 billion
#9 – Australia
Total individual wealth: $4,500 billion
#10 – Italy
Total individual wealth: $4,400 billion
Top 10 countries, ranked by per capita wealth (average wealth per person), 2016
In terms of wealth held per person, Monaco and Liechtenstein ranks as top two countries, average person in Monaco, owns $1.6 million in wealth and average person in Liechtenstein, owns $610,000 in wealth.
#1 – Monaco
Average wealth per capita: $1,556,000
#2 – Liechtenstein
Average wealth per capita: $610,000
#3 – Switzerland
Average wealth per capita: $284,000
#4 – Australia
Average wealth per capita: $203,000
#5 – Norway
Average wealth per capita: $193,000
#6 – Luxembourg
Average wealth per capita: $179,000
#7 – Singapore
Average wealth per capita: $157,000
#8 – United States
Average wealth per capita: $151,000
#9 – United Kingdom
Average wealth per capita: $147,000
#10 – Sweden
Average wealth per capita: $143,000
*Wealth refers to net assets of an individual. It includes all their assets (business interests, cash, equities, property) less any liabilities, the report said adding that it excludes government funds from its figures.