Wednesday, June 08, 2016

1% of world population owns almost half of its wealth

RT reports:
About 18.5 million households have net assets of at least $1 million, totaling $78.8 trillion, which is near the global annual economic output, Boston Consulting said in its Global Wealth 2016 report.

That also amounts to 47 percent of total global wealth, i.e. financial assets (bonds, shares, cash and deposits) excluding property. Overall, global wealth grew by 5.2 percent to $168 trillion.
Imagine that.