China became world’s richest country, know how much wealth increased from America in 20 years

China world richest country

New Delhi: America, which is called the boss of the world, is now seen slipping behind China on every front. This time China has defeated America and has achieved the title of the richest country in the world. The wealth of the world has tripled in the last 20 years. The biggest and shocking news among all this is that China has one-third of these properties. According to the report of the research arm of Management Consultant McKinsey & Company, which monitors the balance sheets of countries around the world, China has now become the richest country in the world.

It has also been mentioned in the report that a large part of the wealth of China and the second-largest US in the world is limited to a few rich people. According to the report, ten percent of the population has the highest wealth in these two rich countries. It has also been mentioned in the report that the number of rich is increasing rapidly in these countries, due to which a big difference is being seen between rich and poor countries.

According to the report, in the year 2000, the total wealth of the world was $ 156 trillion, which increased to $ 514 trillion in the year 2020 i.e. after 20 years. Jan Mischke, an associate of the McKinsey Global Institute, said that many countries of the world have become increasingly wealthy. The report states that 68% of the global total wealth is present in the form of fixed assets, while the rest includes things like infrastructure, machinery, and equipment. The most surprising thing in the report has come to the fore about China. According to the report, the total wealth of China was $ 7 trillion in the year 2000, which has increased rapidly to $ 120 trillion in the year 2020.

China world richest country

Let us tell you that China was included in the World Trade Organization even before the year 2000. It can be estimated from this how fast China’s economy has grown since then. China has about a third of the wealth that the world has acquired in 20 years’ time. At the same time, the wealth of America, which is second in the report, has doubled in 20 years. According to the report, in the year 2000, American wealth was $ 90 trillion. The report says that due to not much increase in property prices here, American’s wealth remained less than China and it lost its number one position.