World, Writing, Wealth discussion

Wealth & Economics > Are you 1 of 33 million millionaires that own 46% of the world's wealth?

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message 1: by Alex (last edited Oct 06, 2017 06:28PM) (new)

Alex (asato) I wonder if the household wealth includes home equity? In a developed country is household assets of 1 million USD uncommon? Do you know any millionaires next door in your neighborhood? Is there a study or book on billionaires?

This infographic is just stunning in its expressiveness of the inequitable distribution of world wealth. It really provided a much-needed perspective for me.
According to the recent Credit Suisse Research Institute's Global Wealth Report, three quarters of global adult population fit into the bottom echelon of the wealth pyramid. The 3.5 billion adults with wealth below 10,000 dollars account for 2.4 percent of global wealth. In contrast, the 33 million millionaires comprise less than 1 percent of the adult population, but own 46 percent of household wealth.
Credit Suisse Research Institute has been publishing its annual Global Wealth Report since 2010. Over the years, the report has established itself as the most comprehensive source of information on global household wealth. It provides complete estimates of wealth, covering all regions and the entire wealth spectrum.

(Emphasis mine.

message 2: by Scout (new)

Scout (goodreadscomscout) | 5984 comments No, I'm not a millionaire. Wait, I just got my retirement check. Nope, still not a millionaire. Neither are my neighbors. Segregation based on income.

message 3: by J.N. (new)

J.N. Bedout (jndebedout) | 104 comments Nope, not a millionaire. And my retirement plan? Well... if the books don't sell, its the lottery.

message 4: by Nik (new)

Nik Krasno | 15391 comments I think this report (if true) is even more manifesting:
The 62 richest people have as much wealth as half the world

message 5: by Alex (last edited Oct 07, 2017 11:09AM) (new)

Alex (asato) Excellent link! It reminded me of the real-time Forbes billionaire list. You can filter the list by youngest, oldest, women, industries, and country:

I didn't know that Atlassian was an Australian company. Has anyone seen Mike on the streets in Sydney lately? ^_^

A forward-thinking person:
In 2017 Cannon-Brookes started working with Elon Musk to bring Musk's battery technology to Southern Australia, which was suffering a power crisis.


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