Just !% of the world’s population owns half the total wealth of the planet
According to Credit Suisse’s latest annual global wealth report published earlier this week, the globe’s richest 1% now owns half the world’s wealth. The world’s richest people have seen their share of the globe’s total wealth increase from 42.5% at the height of the 2008 financial crisis to 50.1% in 2017, or $140tn (£106tn),
At the other end of the spectrum, the world’s 3.5 billion poorest adults each have assets of less than $10,000 (£7,600). Collectively these people, who account for 70% of the world’s working age population, account for just 2.7% of global wealth.
More information on the report here.