Norwegians are among the three richest citizens in the world, according to the Global Wealth Report compiled by Swiss bank Credit Suisse.
Leading the list are the Swiss with a measure of average wealth at USD 513,000 per person. Australians fall back to second with USD 403,000 per person. Third-placed Norwegians have USD 380,000.
The Swiss banking giant’s report also shows total wealth of the world has reached record levels in recent years.
Global household wealth has increased by 4.9 percent to reach USD 241 trillion. That number is expected to rise over the next five years by 40 percent.
Even though Credit Suisse expects a great growth, the distribution of the world’s wealth is far from evenly distributed.
Less than one percent of all adults in the world – which equates to about 32 million people – are millionaires. These people own 41 percent of all household wealth. The richest proportion of this group own 46 percent of the value.
At the other end of the spectrum, there are the vast majority of the world’s adult population that own very little.
The poorest 67 percent own only about three percent of all adult household wealth, and reign over an average net worth of less than USD 10,000.
At the same time, the report suggests that some measures of mobility are high.
Future projections of growth rates based on historical averages suggest the number of people who are currently at the bottom of the spectrum will be halved in the next 30 years.
Like this article? Show your appreciation.