How Much Of A Country’s Wealth IS Owned BY The Richest 10%?

Last year’s Credit Suisse’s annual global wealth report showed that once again Australians have the highest median wealth in the world, and we have a very low percentage of poor people.

The study also reported lots of other interesting results including data on the share of national wealth owned by the top 10% of the populations of a number of countries.

Here’s the percentage share of wealth owned by the top 10% in the countries included in the study:

Top ten per cent wealth share world map png

Russia’s richest 10% owns an incredible 84.8% of that country’s wealth.

At the opposite end of the scale, only two countries’ top 10% own less than half of national wealth: Belgium at 47.2% and Japan at 48.5%.

Wealth Inequality

The wealth shares of the top 10% grew dramatically since the year 2000 in a number of developing countries like Egypt and China, while declining in places as diverse as Canada, Saudi Arabia, and Poland.

In Peru, the US, and Australia, there was no change in the wealth share over the last 14 years.

The following graphic shows the change in the wealth share of the top 10% between 2000 and 2014.

Countries in blue saw the top decile’s share shrink, while the elites of the countries in red had their shares grow:

Top ten per cent wealth share change map corrected

 

Read more at Business Insider



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About

Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been once agin been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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