Global Wealth Report 2019 – Burning Issues – Free PDF Download

Context

• The Credit Suisse Group, a Switzerland-based multinational investment bank, has released the 10th edition of its annual Global Wealth Report.

Report

• Numbers of millionaires and billionaires.
• It tracks the proportion of wealth that they

Definition

• Wealth is defined in terms of “net worth” of an individual.
• This, in turn, is calculated by adding up the value of financial assets (such as money) and real assets (such as houses) and then subtracting any debts an individual may have

Drivers of the wealth

• Size of the population
• Saving behaviour
• Level of economic activity

Findings

• A key finding of 2019’s report is that China has overtaken the US
• As things stand, just 47 million people – accounting for merely 0.9% of the world’s adult population – owned $158.3 trillion
• At the other end of the spectrum are 2.88 billion people – accounting for almost 57% of the world’s adult population – who owned just $6.3 trillion or 1.8% of the world’s wealth.

India

• Total wealth in India increased fourfold between 2000 and 2019,
• India has 8.27 lakh adults in the top 1% of global wealth holders – 1.6% share of the global pool .
• It is estimated that India has 4,460 adults with wealth of over $50 million and 1,790 that have more than $100 million.

Inequality

• There is still considerable wealth poverty, reflected in the fact that 78% of the adult population has wealth below $10,000,” stated the report.
• While highlighting the fact that a small fraction of the population — 1.8% of adults — has a net worth of more than $100,000.

Latest Burning Issues | Free PDF

Sharing is caring!