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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 now wealthier than we have ever been,' Jan Mischke, a partner at the McKinsey Global Institute in Zurich, told Bloomberg.
A graph showing the increase in net worth from the ten countries that account for 60 per cent of global GDP
Global net worth has trebled over the last two decades
The report focused on ten countries that together account for about 60 per cent of
