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Exact(47)
"Taken together, the bottom half of the global population own less than 1% of total wealth.
For the middle class, one's home accounts for nearly 70percentt of total wealth.
Precautionary savings account for 53% of total wealth accumulation in general.
In 1993, according to Dresdner Kleinwort Benson, financial assets accounted for 14.6% of total wealth, and equities for 16%.
It left the top tenth of households owning 45% of total wealth, while the bottom half were left to share just 9%.
Zakrzewski said the world is in the midst of a "tectonic shift" that will see Asia overtake Europe in terms of total wealth within five years.
Similar(13)
Peppered throughout recorded history are examples of exceptional wealth deriving from the spoils of empire and warfare – the Roman emperor Caesar Augustus is thought to have controlled the equivalent of $4.6tn – one-fifth of the total wealth of the empire.
The top 20 people on The 2016 Forbes 400 have a combined net worth of $813.5 billion, one-third of the total wealth all of 400 members of the list.
Zuckerberg holds a quarter of the total wealth of these young billionaires and controls one of the world's largest tech companies.
Venture capital is a single star amid the entire Milky Way of capital, and it is truly a rounding error of the total wealth of the world, or even the wealth that is managed by investment firms.
What is more, these billionaires account for a majority (about 60 percent) of the total wealth of India's billionaires.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com