"The super-rich are even more grotesquely rich than 50 years ago," Shorrocks said. The richest 2% of adults in the world own more than half of global household wealth according to a path-breaking study released Tuesday by the United Nations University World Institute for Development Economics Research (UNU-WIDER).
The most comprehensive study of personal wealth ever undertaken also reports that the richest 1% of adults alone owned 40% of global assets in the year 2000, and that the richest 10% of adults accounted for 85% of the world total. In contrast, the bottom half of the world adult population owned barely 1% of global wealth.
The authors note that "many people in high-income countries have negative net worth and—somewhat paradoxically—are among the poorest people in the world in terms of household wealth."
The Report
http://www.wider.unu.edu/research/2006-2007/2006-2007-1/wider-wdhw-launch-5-12-2006/wider-wdhw-press-release-5-12-2006.htm
Please also see:
2% Own Half World Wealth: UN (Photo Source)
http://www.islamonline.net/servlet/Satellite?c=Article_C&cid=1165327545840&pagename=Zone-English-News/NWELayout
The most comprehensive study of personal wealth ever undertaken also reports that the richest 1% of adults alone owned 40% of global assets in the year 2000, and that the richest 10% of adults accounted for 85% of the world total. In contrast, the bottom half of the world adult population owned barely 1% of global wealth.
The authors note that "many people in high-income countries have negative net worth and—somewhat paradoxically—are among the poorest people in the world in terms of household wealth."
The Report
http://www.wider.unu.edu/research/2006-2007/2006-2007-1/wider-wdhw-launch-5-12-2006/wider-wdhw-press-release-5-12-2006.htm
Please also see:
2% Own Half World Wealth: UN (Photo Source)
http://www.islamonline.net/servlet/Satellite?c=Article_C&cid=1165327545840&pagename=Zone-English-News/NWELayout