Credit Suisse released its Global Wealth report, focusing on the growth of the middle class where net worth doubled since 2000 to USD 80.7 trillion, 32% of global wealth.The report also reveals that Global wealth fell by USD 13 trillion from mid-2014 to mid-2015, due to dollar appreciation.

The report suggests that the population of China’s middle class is the largest with 109 million members, surpassing the USA with 92 million. It also finds that the size and wealth of the middle class globally grew quickly before the financial crisis. However, growth subsided after 2007 and rising inequality has squeezed the middle class share of wealth in every region.

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Additional key findings of the report include:
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? The strong dollar has reduced the number of UNHW adults by 800 since mid-2014

? The USA again led the world with a substantial rise in household wealth of $4.6tr. China also posted a large annual rise of $1.5tr.

? Wealth per adult fell by 6.2% to $ 52,400 and is now back below the level of 2013.

? In the United Kingdom net wealth increased by more than 11% in domestic currency.

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? Switzerland again ranked highest in average wealth, but fell USD 24,800 to USD 567,100 per adult.

? A person needs just USD 3,210 (after debts) to be in the wealthiest half of the world.

? Wealth inequality has continued to increase since 2008, with the top percentile of wealth holders now owning 50.4% of all household wealth.

? The top 1% of wealth holders now owns half of all household wealth.

? Global wealth could reach $345 tr by mid-2020, 38% above its mid-2015 level, according to Credit Suisse estimates.

? The number of dollar millionaires worldwide could increase by 46% in the next five years, reaching 49.3 million by mid-2020.