First News
Volume:7, Number:36
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Around The World 4

The Richest Country in the World

A new report published on March 7 ranks the world's richest countries in terms of total wealth held. According to New World Wealth (NWW), the publisher of the report, 'total wealth held' refers to the private wealth held by all the individuals living in each country. It includes all their assets (property, cash, equities, business interests) less any liabilities. NWW says it excludes government funds from its figures. In the same report, NWW reveals the top 10 countries that boast of richest residents - the 10 wealthiest countries in the world by per capita wealth. The report ranks the world's second-smallest country Monaco, home to the Grand Prix de Monaco and known as the super-yachts capital of the world, as the one with the richest residents. Data shows that every Monaco resident - man, woman and child - holds USD1.71 million worth of assets. Approximately 2,400 of Monaco's 40,000 residents are worth over USD10 million.

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