Wednesday, October 20, 2010

Who Owns the Wealth of the World?

The richest 1 % of the world's adult population have 43% of the wealth, while the poorest 50% own just, get ready...less than 2% of world wealth.

We now have, at the wealth spectrum’s uppermost reaches, just over 1,000 billionaires and another 80,000 “ultra high net worth individuals” worth over $50 million each. We can add into this wealthy summit still another 24 million adults worth between $1 million and $50 million.

At other end of the global spectrum sit three billion people — “more than two thirds of the global adult population” – with an average wealth per adult less than $10,000. About 1.1 billion of these adults hold net worths less than $1,000.-Who owns, right now, the wealth of the world?

1 comment:

  1. No, no, no... the existence of an oligarchy is a conspiracy theory and the MSM (that is bat-shit-crazy speak to statists) is completely objective.


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