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Unbelievable!! World’s Richest 1% Own Half The World’s Wealth – Report - Business - Nairaland

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Unbelievable!! World’s Richest 1% Own Half The World’s Wealth – Report by BusinessAmLIVE(f): 11:58am On Nov 15, 2017
The globe’s richest one percent own half the world’s wealth, according to a new report highlighting the growing gap between the super-rich and everyone else.

According to the eighth edition of Credit Suisse’s Global Wealth Report published Tuesday, the world’s richest people have seen their share of the globe’s total wealth increase from 42.5 percent at the height of the 2008 financial crisis to 50.1 percent in 2017, or $140tn (£106tn).

At the other end of the spectrum, the world’s 3.5 billion poorest adults each have assets of less than $10,000 (£7,600). Collectively these people, who account for 70 percent of the world’s working age population, account for just 2.7 percent of global wealth.

Get the full report on http://www.businessamlive.com/worlds-richest-1-half-worlds-wealth-report/

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