Richest 1% own half the world's wealth as gap between super-rich and the rest widens, annual report reveals One per cent of the world's adult population own 50.1% of of the world's wealth Their combined wealth is worth approximately $140trillon, or £106trillion Meanwhile, 3.5 billion people across the globe own less than $10,000 in assets Overall, Credit Suisse found global wealth at mid-2017 totalled $280 trillion
Mena: This is very wrong that 1% of the richest people in the world own half of the world wealth. this inequality make it difficult of member of the world middle class and poor class to become rich.
This concentration of wealth in the hand of few allow them to concentrate political power in their hands. Extreme inequality is an hidden sophisticated dictatorship.
The European colonization of the world 500 years ago and the building of a world trade system in their favor are the reasons wealth is concentrated in the hands of few Western and Asian (East Asians, Arabs ally with the West) businessmen.
I am skeptical on how Credit Suisse calculate world wealth in order to declared that 1% of the rich own half of the world wealth. The rich class stocks, bonds and mutual fund possessions are not real wealth because in a time of economic recession all those paper wealth can loose value. I dont think the rich 1% own the majority of lands, mines, undiscovered and unexploited mineral wealth and human labors in the world.
Global millionaires who make up just one per cent of the adult population own 50.1 per cent of of the world’s wealth, or $140tn (£106trillion), according to Credit Suisse's global wealth report. Pictured above, the world's richest man, Bill Gates
Among the world's richest are businessman Warren Buffett (left) and founder of Amazon, Jeff Bezos (right)
Approximately 23.9million new millionaires have been created since 2000, more than 8million in the United States and 7.9million in Europe