Tuesday, October 18, 2011


Stats (excluding the US) from the past few years, i have come across.

The economic elite have at least $46 trillion in wealth. The majority of this wealth is held within the upper one-tenth of one percent of the population.

Across the world 10.9million people have $42.7 trillion between them in their bank accounts.

Just a one trillion dollar pile of $100 bills would be 20 times the height of Mt. Everest.One trillion is equal to 1000 billion, or $1,000,000,000,000. To put it in perspective, last year the entire cost of feeding all 40 million Americans on food stamps was $65 billion. If you make $50,000 a year, and don’t spend a single penny of it, it will take you 20,000 years to save a billion dollars.

According to data from the Boston Consulting Group, millionaire households represent just 0.9 percent of the global population, but control some 39 percent of the planet's wealth

According the 2010 Global Wealth Report There were 11.2 million millionaire households in the world at the end of 2009 (a “millionaire household” is a household with $1 million or more in assets under management. Those assets don’t include real-estate, private businesses or luxury goods. It does include cash deposits, money-market funds, listed securities held directly or indirectly through management investments, and onshore and offshore assets.)

83% of the world’s households own only 13% of the wealth. The top 0.5% of households (those with $5 million or more) owned 21%, or $23 trillion, of the world’s wealth.

In 1998 ,the United Nations produced a report that the world's 225 richest people now have a combined wealth of $1 trillion. That's equal to the combined annual income of the world's 2.5 billion poorests people.The wealth of the three most well-to-do individuals now exceeds the combined GDP of the 48 least developed countries.

UK - The Office of National Statistics Social Trends report shows that the top 1% of the population control 23% of the country's cash, property and assets. The richest tenth of the country have total average wealth of £3,954,900 That the poorest tenth of the country had a net wealth below zero between 2006 and 2008, with MINUS £500 to their names after debts were subtracted from their physical and pension wealth. Dorling says the government's latest figures show that in the capital the top 10% of society had on average a wealth of £933,563 compared to the meagre £3,420 of the poorest 10% – a wealth multiple of 273. Another Government commissioned report, showed Britain's wealthiest 10% of the population were almost 100 times richer than the poorest 10%. The economics editor of The Telegraph quotes a report from consultants AT Kearney that the richest 1% in the UK hold some 70% of the country’s wealth. Kevin Cahill's book Who Owns Britain sets out the figures pretty starkly: The UK is 60m acres in extent, and two-thirds of it is owned by 0.36% of the population, or 158,000 families. A staggering 24m families live on the 3m acres of the nation's "urban plot". The average Briton living in a privately owned property has to exist on 340 square yards. The 24 million dwellings, 11% owned by private landlords and 65% privately owned. 10.9 million carry a mortgage of some kind.

Canada - 61 individuals own about 6% of all personal net worth in Canada (which totalled some $2.8 trillion in 2010). In contrast, the bottom 50% of Canadians owns about 3% of all personal net worth. Those 61 individuals therefore own twice as much wealth, as the bottom 17 million Canadians.

- the wealthiest 20 per cent own 61 per cent of the country's wealth, while the poorest 20 per cent own 1 per cent

New Zealand - 10 wealthiest New Zealanders have total assets of $21.7 billion, the equivalent of 37.5 per cent of the total value of all NZX-listed companies at the end of June.
The 50 wealthiest individuals in both countries in New Zealand has total assets equivalent to 61.3 per cent of the NZX's total value. The top 10 in the NZ Rich List have total assets equal to 11.0 per cent of GDP.

India - The number of Indians who have financial assets of over $1 million, excluding main residences, is 127,000. Population of India 1.2 billion. The wealthiest 100 Indians are collectively worth $276 billion.

Pakistan - The richest 40,000 people in the country have combined income equal to that of the poorest 18 million people. The super rich — the 18,000 who make up 0.001 per cent of the population — earn 180 times as much as the poorest 18 million. Or, to put it in another way, the super rich earn in just two days what it takes the poor to earn in one year.

China - the richest 10 per cent of Chinese controlled 45 per cent of the wealth, while the poorest 10 per cent has just 1.4 per cent.

Singapore - The number of millionaires in Singapore has climbed to its highest level yet at 99,000 last year, according to the report from 82,000 in 2009. Together, Singapore millionaires held about $453 billion worth of financial assets last year, an average of about $4.6 million per millionaire here. About a third of their assets went to property, a third to equities, and another third to cash, fixed income and other financial instruments.(The report defined high net worth individuals as those having investable assets of $1 million or more, excluding primary residence, collectibles, consumables and consumer durables.

- The richest 20% of Israelis made 40.6% of total household income last year, while the poorest 20% earned only 6.3% of the total.

Chile - Four families in Chile concentrate 47% of the assets of companies quoting in the Santiago Stock exchange. Andronico Luksic; Anacleto Angelini; Eduardo Matte and Sebastián Piñera, whom together made up 9.16% of Chile’s GDP in 2004 and 12.49% of GDP in 2008.

Brazil - The richest 10 percent of the population own 50.6 percent of the country's wealth, while the poorest 10 percent possess only 0.8 percent of the wealth.

France - 133,000 full time employees in the private sector - the so-called very high wage earners - earned more than 215,600 euros a year. One per cent of the population earned more than 500,000 euros a month .The poorest ten per cent earned less than 10,010 euros a year

- In Africa there exists an elite of about 100,000 Africans who possess a collective net worth of 60% of the continent's gross domestic product in 2008.

South Africa - According to the Naledi Research Paper on the Living Wage, presented to the Cosatu central committee last month, the top 10% of earners receive about 94 times more than the bottom 10%. The poorest 10% share R1.1bn between them while the richest 10% share R381bn, 51% of the total. 40,000 white commercial farmers own 224 million acres of agricultural land.

Swaziland - The royal family consumes about 5 per cent of the annual budget. The king has an estimated personal fortune of US$200 million. The Swazi monarchy is estimated to be wealthier than the country as a whole.

Botswana - Dr Kenneth Dipholo of the Ministry of Finance and Development Planning has said that the richest 10 percent of the population controls 42 percent of the total national income. The poorest of 50 percent of the population share 17.4 percent of national wealth.

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