(CBC News) The richest 1 percent now own half of all the wealth in the world, a new report from Credit Suisse says.
The bank's Global Wealth Report 2015 marks the first time that the world's super rich have amassed enough wealth to cross that symbolic line.
By the bank's reckoning, just over $250 trillion U.S. worth of wealth has been amassed by households. At the top sit the ultra-rich, which the bank defines as having a net worth of at least $50 million in assets. Worldwide, there are 120,000 people in the group.
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