"The report estimates there are 56,000 of these zero-point-zero-zero-one-ers, and if they gathered for a party, the group would fit into the seats of a medium-sized football stadium, such as Arsenal's Emirates Stadium or the Stadio Olimpico in Rome. Poland's National Stadium These wealth hoarders are mostly centi-millionaires (meaning they own hundreds of millions of euros), and the average person in the group has close to 1bn."
"But one of the starkest findings of the report is that the ultra-rich 0.001% control three times the wealth of the poorest half of humanity. Not only that, their wealth is growing at a faster rate close to 5%, compared with 3.4%. It is very hard to compare these two sections of society, since the 0.001% is a relatively tiny number of 56,000, when compared with the 2.8 billion people in the bottom 50%."
Approximately 56,000 individuals occupy the global top 0.001% by wealth. Most are centi-millionaires and the average person in this group holds close to €1 billion. The top 10% of wealth holders possess roughly 75% of global wealth. The 0.001% control about three times the combined wealth of the poorest half of humanity, roughly 2.8 billion people. Wealth for the ultra-rich is increasing at about 5% annually compared with around 3.4% for lower tiers. Visual comparisons equate 56,000 people to a medium-sized football stadium, while the bottom 50% would fill roughly 50,000 such stadiums.
Read at www.theguardian.com
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