Information comes from a 2020 Credit Suisse Global Wealth report reveals that:
The top 1% of households globally own 43% of all personal wealth while the bottom 50% have only 1%.
The 1% are all millionaires in net wealth (after debt) and there are 52m of them.
Within this 1%, there are 175,000 ultra-wealthy people with over $50m in net wealth.
That’s a minuscule 0.1% owning 25% of the world’s wealth!
The Credit Suisse global wealth report analyses the household wealth of 5.2 billion people across the globe. Household wealth is made up of the financial assets (stocks, bonds, cash, pension funds) and property (houses etc.) owned. And the report measures this, net of debt.
Most shocking is the still huge inequality of household wealth globally as shown by the wealth pyramid