New Zealanders have leapfrogged Brits, Singaporians and Belgians to become the fifth wealthiest people in the world, according to a major new study.
The Credit Suisse Global Wealth Report 2016 provides a comprehensive overview of the world's wealth, covering all regions across the wealth spectrum.
It found that global wealth growth was weak in the past 12 months, rising 1.4 per cent to US$256 trillion. This just kept pace with population growth meaning wealth was unchanged for the first time since 2008, at about US$52,800 ($74,700) per adult.
New Zealand was one of the few countries to see significant jumps in the wealth of its citizens, who gained close to 15 per cent on average this year. This came from capital market appreciation combined with exchange rate improvement.
According to the report, Switzerland has the world's wealthiest citizens (US$562,000 per adult), followed by Australia (US$376,000), the United States (US$345,000) and Norway (US$312,000).