Tuesday 14 November 2017

Richest 1% own half the world's wealth, study finds

Richest 1% own half the world's wealth, study finds

The globe’s richest 1% own half the world’s wealth, according to a new report highlighting the growing gap between the super-rich and everyone else. The world’s richest people have seen their share of the globe’s total wealth increase from 42.5% at the height of the 2008 financial crisis to 50.1% in 2017, or $140tn (£106tn), according to Credit Suisse’s global wealth report published on Tuesday.
Read more: https://www.theguardian.com/inequality/2017/nov/14/worlds-richest-wealth-credit-suisse?source=Snapzu

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