Staggering Facts About The Global Super Rich

The world economy may still be in the doldrums, but global wealth continues to grow, hitting an all-time high this year of $231 trillion, according to a new global wealth report from Credit Suisse.

And more than ever, that figure is concentrated at the top of the pile. A mere 0.5% of the world’s population owns an eye-popping 38.5% of its total wealth.

As protests against the “1%” continue to rage on in downtown Manhattan and cities across the globe, we’re taking a look at how wealth is distributed and which countries are increasing their share of the world’s richest people.

The charts are from Credit Suisse’s 2011 Global Wealth Report.

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0.5% of the world’s population owns 38.5% of its wealth. This is insane.

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And the bottom two-thirds account for just 3.3% of wealth.

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China, India, Latin America and Africa account for 56% of the world’s population, but just 16% of its wealth.

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The U.S. is home to 21% of people who have more than $100,000 in wealth. Japan is home to 16%.

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And those numbers are even more concentrated when you look at millionaires. One-third of the world’s millionaires live in the U.S. Sweden and Switzerland each have 2% of global membership, but a much smaller fraction of the global population.

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And the number of ultra-high net worth individuals is growing, due, in part, to the fact that “the past decade has been especially conducive to the establishment of large fortunes,” according to Credit Suisse.

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This year, Europe surpassed the U.S. in terms of the number of high-net worth residents (who own between $1 million and $50 million).

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However, it’s the only region where the growth of wealth slowed down in the past year

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In terms of ultra-high net worth individuals (with net assets above $50 million), the U.S. still dominates. It’s home to 42% of the group.

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China’s share is increasing. The number of millionaires in China is expected to double between now and 2016.


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