New Tally of Global Wealth Illuminates Staggering Disparities

ALTERNET.ORG:  …The Credit Suisse figures show that total global net worth, despite the 2008 global economic meltdown, has rocketed up 72 percent since 2000….

We now have, at the wealth spectrum’s uppermost reaches, just over 1,000 billionaires and another 80,000 “ultra high net worth individuals” worth over $50 million each. We can add into this wealthy summit still another 24 million adults worth between $1 million and $50 million.

At other end of the global spectrum sit three billion people — “more than two thirds of the global adult population” – with an average wealth per adult less than $10,000. About 1.1 billion of these adults hold net worths less than $1,000…  (more)

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