RT | December 9, 2020
American billionaires made so much money during the Covid-19 pandemic that their profits since March are enough to give every US resident a $3,000 check without cutting into their pre-virus wealth, a new report shows.
Billionaires’ ‘pandemic profits’ alone could pay for $3K stimulus checks to EVERY American – report
Tag: Wealth Inequality
The top 1% of households own 43% of global wealth, 10% owns 81%, while the bottom 50% have just 1%
The top 1% of households globally own 43% of all personal wealth while the bottom 50% have only 1%. The 1% are all millionaires in net wealth (after debt) and there are 52m of them. Within this 1%, there are 175,000 ultra-wealthy people with over $50m in net wealth – that’s a miniscule number of people (less than 0.1%) owning 25% of the world’s wealth!
The top 1% of households own 43% of global wealth, 10% owns 81%, while the bottom 50% have just 1%
Ms. Cat’s Chronicles 
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