Distribution of Wealth Across the World.
Here are some interesting figures I read in the Financial Times a couple days ago about how personal wealth is unevenly distributed across the world.The figures were compiled by the World Institute for Development Economics Research of the United Nations University (UNU-Wider)
- The richest 2% of adults own more than 50% of the world’s assets
- The poorest half hold only 1 per cent of wealth
- Not surprisingly, almost 90% of the world’s wealth is held in
North America, Europeand high-income Asian and Pacific countries, such as and Japan . Australia North Americahas 6% of the world’s adult population and 34% of household wealth.
- In the
the top 10% hold 70% of the country’s wealth U.S.
, the top 10% hold 61% of the country’s wealth France
- In the
, the top 10% hold 56% of the country’s wealth U.K.
, the top 10% hold 44% of the country’s wealth Germany
the top 10% hold 39% of the country’s wealth Japan
Now if you have more than $2,200 (1,6549 Euros) of assets, you are in the top half of the global wealth league table, and if you have more than $61,000 (45,8854 Euros) you are in the top 10%.
And to make it to the top 1%, you need $500,000 (376,3505 Euros).
NOTE: The FT warns us rightfully that wealth is difficult to measure “even in the most advanced countries”, so those figures must be taken with a grant of salt. They’re just indications.