Richest 1% have More Money than Poorest Half of World's Population

The bottom half of adults in the world collectively own less than the richest one percent, according to a Credit Suisse report. The gap between the super-rich and the poor has significantly grown since the global crisis.

The wealthiest one percent owned 42.5 percent of global wealth in 2008, the bank reports.

“The downward trend reversed after 2008 and the share of the top one percent has been on an upward path ever since, passing the 2000 level in 2013 and achieving new peaks every year thereafter. According to our latest estimates, the top one percent own 50.1 percent of all household [READ MORE HERE]

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