The 1% Now Owns Half Of All The Wealth In The Entire World
If you’re lucky enough to be a member of the global 1%, last year was another good year to be alive (every year is pretty great, though). Your wealth bracket increased its share of global riches so that it holds just over half of global wealth, according to a new report from Credit Suisse.
In the years 2000 to 2007, the richest people on Earth actually saw their proportion of global wealth fall, from 49% to 45%. But since the recession the trend has gone into reverse: The top 1% now controls 50.4% of all household wealth.
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