By sinha on 11, December, 2006 | Channel: Indian Startups

2% of the adults own more than 50% of Global Household Wealth

Talk of Wealth divide? A recent study by Economists reports that the richest 2% of adults in the world own more than half of global household wealth!

The research finds that assets of $2,200 per adult placed a household in the top half of the world wealth distribution in the year 2000.
Few significant findings from the report:

  • Richest 10% of adults accounted for 85% of the world total,
  • Bottom half of the world adult population owned barely 1% of global wealth,
  • India’s average per capita net worth was only 24.7 per cent of the world average, and its GDP was 29.2 % of the world average.
  • $144,000 per Capita household wealth in the USA, while India has $1,100 per Capita household wealth in India
  • US is the richest country, with mean wealth estimated at $144,000 per person in the year 2000.4 At the opposite extreme among countries with wealth data, we have India with per capita wealth of about $6,500 in purchasing power parity (PPP) terms.
  • China appears to be about twice as wealthy as India!

Isn’t this a shame for India, given it’s size and talent pool?

Download the report here, and presentation here

Pic courtesy:38one.com

 

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