The richest 1% now own 51% of the world’s wealth, up from ‘only’ owning 45% in 2009, according to Credit Suisse. About a third of them are Americans. Increasingly more of them are Chinese. While the 1% can sound exclusive and small, there are over 48 million of them (us), and many of them aren’t millionaires. Net assets of $744,400 is the border line to be in the global 1%. So, someone with a mortgage-free nice house in certain cities, or many business owners are in that group. The 1% border line within rich countries like the US is higher (more like several million dollars), but on a global basis the rich are getting richer – and you may be one.
(Click on the chart for the link.)