Global wealth trebles in last 20 years as China overtakes US with the highest net worth | Daily Mail Online

Global net worth has trebled over the last two decades, with China accounting for a third of its growth, according to a new report. China’s wealth rocketed to $120 trillion from a slender $7 trillion in 2000, the year before it joined the World Trade Organization, accelerating its boom. The United States, held back by smaller real estate gains, saw its net worth double over the same period to $90 trillion. In both countries, the world’s two largest economies, the top 10 per cent of households owned two-thirds of the wealth, the report by consultancy group McKinsey said. ‘We are…