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World’s richest 1% have as much wealth as bottom 50%, study finds

Credit Suisse report highlights increasing gap between the super-rich and the remainder of the globe’s population

The globe’s richest 1% have as much wealth as the bottom 50% – 3.8 billion people – according to a new report highlighting the growing gap between the super-rich and everyone else.

The world’s richest people have seen their share of the globe’s total wealth increase from 42.5% at the height of the 2008 financial crisis to 50.1% in 2017, or $140tn (£106tn), according to Credit Suisse’s global wealth report published on Tuesday.

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