Fact of the Day

35 per cent of household wealth in Russia is owned by just 110 people, the highest level of inequality in the world barring a few small Caribbean islands, a report by Credit Suisse  a major investment bank says. The 35 per cent of wealth that Russian billionaires own is equivalent to US$420 billion

Russia has one billionaire for every US$11 billion ($13 billion) in wealth while in the rest of the world there is one for every US$170b.

 The top 10% of the world population own 86% of global wealth, compared to barely 1% for the bottom half of all adults.

 Billionaires worldwide account for 1 to 2 per cent of total wealth.