(SOUTH CHINA MORNING POST) — Just 1 per cent of the world’s population can call themselves millionaires or richer. But together they hold almost half the world’s wealth, and their share is growing, according to a new study.
About 18.5 million households around the world have at least US$1 million worth of assets, for a total of US$78.8 trillion – or about the same size as global annual economic output – Boston Consulting Group’s annual report on global private wealth said.
That also amounts to 47 per cent of total global wealth – based on holdings of cash, financial accounts, and equities, but not real estate – leaving the rest to be divided by the other 99 per cent of the world’s population.
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