Swiss defend world richest people title

The Swiss are the richest people in the world, with an average wealth of 561,900 dollars per adult, Credit Suisse said in its annual global wealth report yesterday. This confirms Switzerland's top rank for the16th year in a row.

people in the united states of America trails with estimated assets of 344,700 dollars, followed by the British average net worth of 288,800 dollars, the major Swiss bank said in Zurich. The depreciation of the British pound which followed Britain's popular vote to leave the European union has wiped out a total of 1.5 trillion dollars of the country's total privately held assets, Credit Suisse noted.

For the first time since the global financial crisis in 2008, the global average wealth of per adult stagnated in 2016, at 52,800 dollars. The report also showed that the share of people's non-financial assets as part of their household wealth has increased for the first time this year since 2008.

Rising Real estates prices have added to private wealth in many countries including Germany, according to the report.

The group of super-rich people, who own at least 50 million dollars, rose by 4,100 individuals, to a grand total of 140,900 over the past year, driven by increase in Asian countries.