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By 2020, millionaire households are expected to account for a 52% share of global wealth, up from 47% in 2015.
A new government foreign-policy paper is full of gloomy statistics about the rich world's shrinking share of global wealth and Europe's dwindling population.
According to Oxfam, the richest 1% have seen their share of global wealth increase from 44% in 2009 to 48% in 2014 and are on track to own more than the other 99% by 2016.
With tech companies now capturing the lion's share of global wealth creation, we should absolutely want to know where that money is going.
As the world's billionaires begin to concentrate an even larger share of global wealth, it's not only the value of art and luxury real estate that has exploded to the upside.
But is it all affordable for a country that is seeing its share of global wealth steadily decline, a country that doesn't want to raise taxes despite a $1.5 trillion deficit?
This imbalance is surprising when one considers the growing share of global wealth that is controlled by women: a recent study by the Boston Consulting Group reveals that women control $39.6 trillion, representing 30% of global wealth, and that by 2020 women will control $72 trillion.
By the early 1970s, the U.S. share of global wealth had declined to about 25%, and the industrial world had become tripolar: North America, Europe, and East Asia (then Japan-based).
Oxfam's annual analysis of how global wealth is (not) shared always makes grim reading.
The 28% average fall in share prices since early 2000 has wiped $10 trillion off global wealth.
The firm said that losses in its securities and underwriting division would be offset by "positive contributions" from global wealth management and asset management, which have also been having their shares of problems.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com