[OPE-L] Global Wealth Distribution

From: glevy@PRATT.EDU
Date: Thu Dec 07 2006 - 10:00:45 EST

via Antonio Pagliarone:

A new study from the World Institute for Development Economics
suggests that:

    The richest 2% of adults in the world own more than half of global
household wealth according to a path-breaking study released today by
the Helsinki-based World Institute for Development Economics Research
of the United Nations University (UNU-WIDER).

The most comprehensive study of personal wealth ever undertaken also
reports that the richest 1% of adults alone owned 40% of global assets
in the year 2000, and that the richest 10% of adults accounted for 85%
of the world total. In contrast, the bottom half of the world adult
population owned barely 1% of global wealth.

There are, it suggests over 13.5 million millionaires in the world,
slightly more than 450,000 with wealth above $10m, 15,000 with wealth
over $100m, and precisely 499

This archive was generated by hypermail 2.1.5 : Sun Dec 31 2006 - 00:00:04 EST