The 1 Percent Now Have Half the World's Wealth

Credit Suisse’s latest annual Global Wealth Report says India is home to 245,000 dollar millionaires. The country has a share of 0.7% of the global top 1% by wealth

"The downward trend reversed after 2008 and the share of the top one percent has been on an upward path ever since, passing the 2000 level in 2013 and achieving new peaks every year thereafter".

"The bottom half of adults collectively own less than 1% of total wealth, the richest decile (top 10% of adults) owns 88% of global assets, and the top percentile alone accounts for half of total household wealth", the Credit Suisse report said.

At the height of the global financial meltdown in 2008, the world's richest people held 42.5 percent of the global wealth, compared with 50.1 percent today. At the bottom, 92.3% of adults have wealth less than $10,000. U.S. inequality is considerably worse than in its more developed-country peers.

Who is Cornelia Sorabji, todays Google Doodle
Law - a profession that is dominated by men, women have gone ahead and broken that glass ceiling and taken things head on. Divya Sharma was Somerville's first Cornelia Sorabji Scholar and was soon followed by Navya Jannu.

There are now 36 million millionaires in the world. The UK has the third highest number of millionaires - 6 per cent of the total.

Anti-poverty advocates on Tuesday implored world leaders to combat the massive wealth gap described in the annual Global Wealth Report released by Credit Suisse, which showed that the world's richest one percent own just over half of the global wealth. This divide matters hugely at a time when millions of people across the United Kingdom face a daily struggle to make ends meet and the numbers living in poverty are the highest for nearly 20 years.

The group is disproportionately represented in developing countries. The country has a share of 0.7% of the global top 1% by wealth. "Due to the large population, 4.4 million adults or 0.5 per cent have net worth over $100,000", said the report.

Jio offers 100GB of additional data to Oppo phone users
Also, regardless of the possibility that a client exceeds the daily free data use, they will be charged by the administrator. This plan , priced at ₹348, offered free local and STD voice calls, free roaming, and, 1 GB 3G/4G data per day for 28 days.

In contrast, many European countries are growing rapidly: Germany, France, Italy and Spain accounted for a fifth of all global growth in the past year.

"A decade since the start of the global financial crisis, we see a significant increase in wealth across all regions of the world", Credit Suisse chairman Urs Rohner said in a statement.

"Global wealth inequality has certainly been high and rising in the post-crisis period", according to the bank. He says "millennials face particularly challenging circumstances", with baby boomers hogging housing and top jobs, and have had little chance to accumulate wealth.

Qualcomm: Broadcom To Bid Higher, Say Bernstein, Canaccord, May Go Hostile
This could lead to a higher bid from Broadcom in the future, but there's no word on when Broadcom might make another offer. If Qualcomm had approved the deal, the combined company would have created major changes in the chipmaking industry.

Related news:

Hot News

isis-killer-beheading-video-story-top Saudi Arabia to reopen Yemen's air and seaports within next 24 hours
Nov 16, 2017 - 02:30
It calls on Saudi Arabia to not target school, hospitals or other targets on its no-strike list and to broadly improve targeting. The move came after Saudi Arabia intercepted a missile fired towards Riyadh, which it blamed on Tehran.

isis-killer-beheading-video-story-top Lord of the Rings television series announced
Nov 16, 2017 - 02:26
Amazon just landed the One TV Show to Rule Them All: The streaming service will produce a series based on J.R.R. Amazon acquired the rights to adapt " The Lord of the Rings " for television, the company announced Monday .

isis-killer-beheading-video-story-top Opec Likely to Extend Supply Cuts to Rebalance Market
Nov 15, 2017 - 02:06
This led to a slide in crude futures prices late on Friday away from over two-year highs reached early last week. Managers now hold net long positions equivalent to almost 544 million barrels of oil.

isis-killer-beheading-video-story-top Essential Phone Oreo update released in beta
Nov 15, 2017 - 02:02
Even forthcoming new Android handsets, like the OnePlus 5T are expected to arrive with Android Nougat rather than Oreo. In the month of September, both versions of Android Nougat were up slightly, and had a total share of 15.8 percent.

isis-killer-beheading-video-story-top Duterte backs Japan in countering North Korea
Nov 15, 2017 - 02:02
Abe, Trump and Turnbull all underscored the importance of maximizing pressure on North Korea and fully implementing U.N. The Philippines is too far but, you know, nobody will save us from a holocaust if it happens", he said.

isis-killer-beheading-video-story-top $150 Mask Fools iPhone X Facial Recognition
Nov 15, 2017 - 01:57
Such sophisticated means to spoof the iPhone X Face ID means that regular iPhone X users would most likely not be the targets. The family says they don't want to disable the Face ID, but that they are concerned about privacy.

isis-killer-beheading-video-story-top Aussie same-sex marriage vote results in
Nov 15, 2017 - 01:52
Prime Minister Malcolm Turnbull flew in to Australia overnight following a five-day series of leader meetings in south-east Asia.

isis-killer-beheading-video-story-top Dem Reads Trump Tweets During Sessions Hearing
Nov 15, 2017 - 01:51
Mr Sessions said on Tuesday that he doesn't challenge Mr Page's recollection, but doesn't remember the conversation. Sessions said DOJ would investigate any potential issues related to Clinton.

isis-killer-beheading-video-story-top Committee head Blank: Roger Goodell's extension negotiations moving forward
Nov 14, 2017 - 01:58
This was an owner [Jones] who, earlier this year, voted in favor of authorizing the committee to do the deal with Roger. The competition committee was given specific power to approve a contract extension for Goodell, according to King.

Facing Historic Reddit Backlash, EA Cuts Cost of Star Wars Hero Unlocks
Nov 14, 2017 - 01:56
Star Wars: Battlefront II developer DICE has revealed it will reduce the time it takes to unlock hero characters by 75 percent. It adds that EA determined the in-game credit cost of heroes based on data from the open beta and more .

isis-killer-beheading-video-story-top Sierra Nevada's Dream Chaser Space Plane Aces Free-Flight Drop Test
Nov 14, 2017 - 01:55
The spacecraft will launch on Atlas V rockets built by the United Launch Alliance and make runway landings. Sierra Nevada filed a protest, but the government's General Accounting Office upheld the decision.

isis-killer-beheading-video-story-top Missouri AG investigating Google for antitrust violations
Nov 14, 2017 - 01:51
Google agreed to change some business practices the FTC said were stifling competition in certain markets. Attorney General Josh Hawley announced Monday that he was issuing a subpoena to the tech giant.

Aguero gives Argentina win over Russian Federation at World Cup final stadium
Nov 13, 2017 - 02:45
It took until the 86th minute for Argentina to beat Russian Federation as Sergio Aguero struck his 35th worldwide goal. He published it on Instagram and wrote: "Thanks for the photo, my idol.

isis-killer-beheading-video-story-top Vikings hang on to beat Washington, improve to 7-2
Nov 13, 2017 - 02:45
Vikings wide receiver Adam Thielen continued his Pro Bowl caliber season in Sunday's win over the Redskins in Washington. Redskins: Visit the New Orleans Saints on Sunday in a game they now badly need to win given their upcoming schedule.

isis-killer-beheading-video-story-top US Navy aircraft carriers operate off Korean Peninsula
Nov 13, 2017 - 02:43
Trump will attend a state banquet on Saturday before a welcoming and deal-signing ceremony on Sunday morning. It has repeatedly threatened to launch ballistic missiles into the waters around the USA territory of Guam.