report released on Wednesday by Zurich-based bank Credit Suisse.
The Credit Suisse 2013 Global Wealth Report shows that Australia's wealth is also more evenly distributed across the population, China's Xinhua news agency said. The report found that Australia's mean wealth per adult is just over US$400,000 each, second only to Switzerland, and that there are 1.12 million people in Australia classed as US dollar millionaires, an increase of 38,000, although that number includes all net assets including housing and superannuation. The median wealth number of Australia is US$219,505 per person, the highest in the world. Median wealth is the midpoint between richest and poorest whereas the mean wealth is the average of all.
.Sources
- ZURICH, Oct. 9, 2013 /PRNewswire/ -- Credit Suisse: Global household wealthincreases 4.9% to USD 241 trillion, marked by a resurgence of wealth in the Eurozone.
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