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Taiwan ranked as the fourth richest country in terms of net financial assets


According to the current wealth report by the Allianz Group, Taiwan now ranks as the fourth-richest country in terms of net financial assets and ranked second in whole of Asia.

The report wa tirled Allianz Global Wealth Report 2019, net financial assets, which correspond to financial assets minus liabilities, decreased globally by 1.9 percent.

US leads the net financial assets followed by Switzerland, Singapore then Taiwan. It is the first time that Taiwan overpass Japan. China saw the highest growth of all countries in the region at 18.2 percent in terms of liabilities.

The report emphasized that the numbers cited were averages and did not provide a breakdown of actual wealth distribution in the listed countries. 

Allianz Group is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management.

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