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New report has Australians as the world's richest people

by Tom 2/28/2014 6:22:00 PM

The median wealth of adult Australians stands at the world's highest, according to the Credit Suisse 2013 Global Wealth Report.

The median wealth For the second year running, the latest Credit Suisse world wealth report has Australians as the richest people in the world with a median wealth of US$219,500 per adult. In second place comes Luxembourg, on $182,768, with the UK in sixth place on $111,524. You can see the full top 25 below:



Interestingly, the United States doesn't even make the top list of countries, with a median wealth of only $44,911. Speaking on Australia's status and the distribution of wealth in the country, Credit Suisse Australia’s chief investment strategist David McDonald commented: "Although we are up there at a high level of wealth per adult we've also got a better spread than a lot of the other developed countries including, obviously, the Swiss, but also places like the US."

The number of Australian millionaires increased by 38,000 to 1.123 million people. As a result, the country is likely to produce more businesses and the demand for skilled migrants will increase. If you'd like to emigrate to Australia, complete our online skilled Australian visa assessment.

- Tom Blackett is Marketing Manager for the Australian Visa Bureau.

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