India Ranks Seventh On New World Wealth’s Wealthiest Country List

author image
5:50 pm 23 Aug, 2016

Advertisement

According to a report in New World Wealth magazine, India is the seventh wealthiest country in the world.

The magazine states that India has a total individual wealth of $5,600 billion which is far ahead of Canada ($4,700 billion), Australia ($4,500 billion) and Italy ($4,400 billion), who featured 8th, 9th, and 10th on the list.

 



The United States meanwhile has topped the chart with a total individual wealth of $48,900 billion followed by China at second spot with $17,400 billion.

China was closely followed by Japan at 3rd position with a total individual wealth of 15,100 billion.


Advertisement

Other countries making the top 10 list are  United Kingdom  at 4th with $9,200 billion, Germany at 5th with $9,100 billion and France at 6th with $6,600 billion.


Advertisement

 

Arial shot of Tokyo Japan. Goood Voyage

Arial shot of Tokyo, Japan. Good Voyage

It must be noted that “wealth” in this list refers to net assets of a person which includes their assets less any liabilities.

The study was conducted based world data collected as of June 2016.