DHAKA: China had four million millionaire households in 2014, the second-highest in the world after the United States, as the country’s stock market boom boosted private wealth.

An independent survey showed Tuesday, reports The Straits Times.

One million new millionaires were created in the country last year, the highest increase among all nations, US-based research firm Boston Consulting Group (BCG) said in a report.

The United States had seven million millionaire households last year, the most in the world. Japan took third place with one million, according to the report.

Growth in private wealth in China was driven mainly by investments in local equities, it said.

BDST: 1205 HRS, JUN 16, 2015
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