in the world as a whole, led by growing wealth in South Africa, India, Australia, Chile and Singapore. according to a new global wealth report from Credit Suisse.
And more than ever, that figure is concentrated at the top of the pile. A mere 0.5% of the world's population owns an eye-popping 38.5% of its total wealth.That’s up from a share of 35.6% in 2010, and their wealth increased by about $20 trillion, according Credit Suisse.
That's another statistic that the Occupy Wall Streeters and Bay Streeters can hoist on their placards, As protests against the "1%" continue to rage on the streets in downtown Toronto and cities across the globe, we're taking a look at how wealth is distributed and which countries are increasing their share of the world's richest people.
According to the report, the U.S. has been the largest wealth generator over the past 18 months, adding $4.6 trillion to global wealth. China ranked second with $4 trillion, followed by Japan ($3.8 trillion), Brazil ($1.87 trillion) and Australia ($1.85 trillion).
China, India and Brazil will see the fastest growth in the coming years. China now has a million millionaires. Wealth in China and Africa is expected to grow 90%, to $39 trillion and $5.8 trillion respectively. Wealth in India and Brazil is expected to more than double to $8.9 trillion and $9.2 trillion respectively, by 2016.
There are 29,000 people world-wide worth $100 million or more and 2,700 worth $500 million or more.
The charts are from Credit Suisse's 2011 Global Wealth Report. Click here to download the full report.
Click here to see the charts
Read more: Meet The Richest Person From Every Major Country In The World
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