Thinking: Global Distribution of Wealth

According to a new global wealth report by Credit Suisse, global wealth is presently at an all-time high of $231 trillion. Just for the sake of emphasis, if you add up all the money in world, everything you and everyone else have, the total of that sum is $231 trillion.

Now, take 38.5% of that $231 trillion, which equals $89.1 trillion, is controlled by 0.5%, or 29.7 million, of the world’s population. Nearly 40% of the world’s wealth is concentrated in 0.5% of the population, not even close to the “1%” cries that you hear in the streets of New York, Rome and Athens.

The bottom two-thirds, the 67.6% of the world’s population, roughly 3 billion people, account for just 3.3% of the world’s wealth.

Think of it like this:

29.7 million people, throughout the world, have $89.1 trillion to share amongst themselves, while….

3 billion people, around the world, have $7.6 trillion to share amongst themselves.

That is the current state of the global distribution of wealth.

Have a look at the pyramid above and really give it a good thought. Does that make sense to you?

To learn more about the breakdown of wealth and its global distribution, check out Credit Suisse report HERE.

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