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Sunday, June 2, 2013

13 Staggering Facts About The Global Super Rich 1/14 0.5% of the world's population owns 38.5% of its wealth. This is insane.

http://www.businessinsider.com/charts-facts-about-global-wealth-2011-10#05-of-the-worlds-population-owns-385-of-its-wealth-this-is-insane-1

13 Staggering Facts About The Global Super Rich

1/14

0.5% of the world's population owns 38.5% of its wealth. This is insane.

0.5% of the world's population owns 38.5% of its wealth. This is insane.

Credit Suise Global Wealth Report

0.5% of the world's population owns 38.5% of its wealth. This is insane.

And the bottom two-thirds account for just 3.3% of wealth.

Here you can see what continents comprise different wealth deciles. Developed markets clearly dominate the top 10%

Wealth inequality in Africa is so high that while almost half of African adults are in the bottom two wealth deciles, some individuals are still in the top 1%.

China, India, Latin America and Africa account for 56% of the world's population, but just 16% of its wealth.

The U.S. is home to 21% of people who have more than $100,000 in wealth. Japan is home to 16%.

$And those numbers are even more concentrated when you look at millionaires. One-third of the world's millionaires live in the U.S. Sweden and Switzerland each have 2% of global membership, but a much smaller fraction of the global population.$

And the number of ultra-high net worth individuals is growing, due, in part, to the fact that

This year, Europe surpassed the U.S. in terms of the number of high-net worth residents (who own between $1 million and $50 million).

In terms of ultra-high net worth individuals (with net assets above $50 million), the U.S. still dominates. It's home to 42% of the group.

The U.S. is home to 32% of the world's billionaires and 41% of people whose net worth exceeds $10 million.

China's share is increasing. The number of millionaires in China is expected to double between now and 2016.

Now get to know the 1%

Read more: http://www.businessinsider.com/charts-facts-about-global-wealth-2011-10?op=1#ixzz2V4EJafVz

Randy Gipe at 6/02/2013 10:00:00 AM

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