The wealth of the world is distributed unevenly, according to the latest data from Credit Suisse. The Swiss bank analyzes in its 2017 edition of the Global Wealth Report 2017 how the money is distributed in the world. According to their data, almost half of the wealth of households is in the hands of less than 1% of the world population.
In 2017, global wealth grew by 6.4%, according to data from the eighth edition of the Global Wealth Report of Credit Suisse. This percentage represents the fastest growth rate since 2012 and has allowed the world’s wealth to reach 280 billion US dollars.
This sharp rise in global wealth is explained, according to the Swiss entity, by “the generalized increases in equity markets combined with similar increases in non-financial assets, which were above the level prior to 2007”, the year that the biggest financial crisis in recent years was unleashed.
As noted by Credit Suisse, “the increase in wealth also exceeded the growth of the population.” Thus, the average global wealth per adult rose by 4.9% to reach a new record of $ 56,540 per adult.
Distribution of the world’s wealth
Once we have seen the big figures, we have to see how this global wealth is distributed. According to the same data, 45.9% of the world’s wealth is in the hands of 0.7% of the world’s population. As can be seen in this infographic, 36 million people (0.7%) control a wealth of 128.7 billion dollars (45.9% of total wealth).
After this percentage, 391 million people are placed, 7.9% of the world’s adults, with an estimated wealth of 111.4 billion dollars, 39.7% of wealth. A pyramid of wealth that widens, more people, as the percentage of abundance decreases.
At the next threshold, 1,054 million adults, 21.3% of the total, control 32.5 billion of the world’s wealth, 11.6% of the total. The base of the pyramid includes 70.1% of the adults of the world (3.474 million people), most of them, who only control 2.7% of the world’s money (7.6 trillion dollars).
Global wealth by countries
A photograph of the world’s wealth that many will criticize as distorted, is the bad news of the media and more globally. For this reason, Credit Suisse produces a map with the average wealth per country, which serves as a thermometer to see how the world’s wealth is distributed in more detail.
“The nations with an average wealth per adult above $ 100,000 are located in North America, Eastern Europe and among the rich countries of Asia-Pacific and the Middle East,” said Credit Suisse.
Switzerland (537,600 dollars), Australia (402,600 dollars) and the United States (388,600 dollars) continue to occupy the top three positions in the ranking of wealth per adult. The surprise is New Zealand ($ 337,400) that exceeds Norway ($ 320,500) and Denmark ($ 281,500).