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Where the wealthiest live

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Where the wealthiest live

Postby Kay » Sun 25 Jan 2015 07:19 GMT

Here's a list of the top ten countries where the world's top 1% of wealthy people live. As the article points out, the survey has its limitations because it says nothing about income of cost of buying things. Wealth is taken as being assets minus debts. Even so, it's interesting for its own sake.

http://www.bbc.co.uk/news/magazine-30949796
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Re: Where the wealthiest live

Postby Dave » Sun 25 Jan 2015 18:11 GMT

Australia seems to have a disproportionately high number of "very wealthy" people: 1.8 million in a population of 23 million (7.8%), compared to the UK with 2.9 million in a population of 64 million (4.5%). To a lesser extent, the same goes for France.

If we'd been talking millionaires, I'd have assumed that it was people following the sun and buying holiday homes. But the measure of "very wealthy" is surprisingly small. If you're looking at it from the perspective of the developed world, anyway. (A lot of people in the least developed countries won't earn £50,000 in their lifetime, let alone own that much all at once.)
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