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'Word's richest 1% own nearly half of global wealth,' says a study

  • The world’s richest 1% are getting richer, a report by Credit Suisse says. They now own over 48% of global wealth.

    A person needs just $3,650 to be in the wealthiest half of global citizens. But over $77,000 is needed to be among the top 10% and to make it to the top 1%, $798,000 is required, the report says, warning that increasing inequality could lead to recession.

    The wealth owned by the bottom half of the world’s population is less than 1% of the total, the report says.

     

    Tagged as: richest, Credit Suisse, global wealth, inequality, recession, business news