A new report on global wealth from Credit Suisse has some interesting statistics:
• If you have $3,650, including the value of your home, you’re among the wealthiest half of people in the world. (This is net wealth – so, once debts have been subtracted.) The other half own less than 1pc of global wealth, while 77pc of adults – that’s 3.3bn people – have less than $10,000.
• The top 10pc of people – membership requirement is $77,000 – hold 87pc of the world’s wealth.
• You need $798,000 to make it into the top percentile of the world’s wealthiest. This select group accounts for almost half – 48.2pc – of global assets.
In other words: (1) it doesn’t take much to break into the top half of the world and (2) those at the top of the distribution control significant portions of the world’s wealth.