China Overtakes U.S, Global Wealth 'Triples'; McKinsey Analytics Team

McKinsey & Co. reported on November 16, that the global wealth had tripled over the last two decades with China taking the lead and overtaking U.S for the top spot worldwide. The research came after McKinsey's research arm consultants examined the national balance sheets of ten countries representing more than 60 percent of world income. “We are wealthier than we have ever been,” said Jan Mischke, a partner at McKinsey.