According to the report, the the country’s wealth per adult in 2012 is UD$355,000, the second highest in the world after Switzerland. Even more surprisingly, the report states that the country’s median wealth — US$194,000 —is now the highest in the world.
The value of the country’s real assets per person is now second only to Norway.
This chart shows how rapidly Australia’s economy grew between 2000 and 2011:
Photo: Credit Suisse Global Wealth Report 2012
While the graph does show that growth may be slowing, for the wealthy there’s still a long way to go. The report predicts that in the next 5 years the number of millionaires in the Asia-Pacific region could grow by 70 per cent.
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