Global wealth increased by $14 trillion for a combined total of $317 trillion during the 12-month period through mid-2018, with China ranking second after the US, according to Credit Suisse's Global Wealth Report.

The total number of adults worldwide with net worths above $50 million, also called ultra-high net worth individuals, rose to 149,890 — an increase of 4 percent, the report said.

In addition, 50,230 have assets above $100 million and 4,390 are worth at least $500 million.

Following the US, China, which overtook Japan for the first time in 2009, has the second most UHNW individuals in the world.

Let's take a look at the 10 countries with the most UHNW individuals.

No 10 Australia

Number of UHNW individuals: 2,910

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