Only two-thirds of the wealth of the world’s richest nations, China and the United States, is owned by families.
Washington:
McKenzie & Co has released a list of the world’s most economically prosperous countries. The value of the world’s total assets has tripled in the last 20 years.
The total value of the world’s assets in 2000 was $ 156 trillion. It is projected to reach $ 514 trillion by 2020. China accounts for about a third of this growth.
As a result, China’s asset value is rising at rocket speeds. Before China became a member of the World Trade Organization, the value of the country’s assets was $ 7 trillion in 2000.
China’s asset value is projected to reach $ 120 trillion by 2020. As a result, China has overtaken the United States as the world’s richest country.
The value of US assets has doubled in the last 20 years to $ 90 trillion. Only 10 countries account for more than 60 percent of the world’s total income.
And families own only 10 percent of the wealth of the world’s richest nations, China and the United States. Thus stated in that statement.
Real estate accounts for 68 percent of the world’s property value. Others include infrastructure, machinery, equipment and, to a lesser extent, intellectual property and patents.
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