Global wealth creation has centered around China and the United States for much of the past 10 years. The U.S. accounts for 40% of dollar millionaires worldwide and for 40% of those in the top 1% of global wealth holders. The U.S. has the most members of the top 1% global wealth group, and currently accounts for 40% of the world’s millionaires. China investors have not fared as well. Wall Street wants to be there, either through big New York banks serving Chinese investors in mainland China, like Goldman Sachs is doing now, or bringing American investment capital into Chinese companies in hopes of capturing some of that China wealth for their investors.

Source: Forbes October 23, 2019 14:00 UTC