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2,100 people on earth now have a wealth of more than USD1 billion

With the economies of the world currently enjoying mixed results when it comes to stagnant productivity and slowing growth, one small club of super-wealthy individuals is still enjoying a bull run. The billionaires of the world now command close to USD9 trillion in combined wealth, according to a new study, having seen that figure increase by more than a trillion between 2016 and 2017.

According to the latest figures available from Credit Suisse, the total wealth of the planet stands at USD280 trillion, though in the ten months since this figure was last collated it is likely to have grown, especially as this came after the fastest period of wealth creation since 2012. However, while the global economy is broadly thought to have recovered since the global financial crisis of 10 years ago, the distribution of this wealth means that in many cases, the gap between rich and poor is not only wider than it was at the turn of the century, but those with the least are comparatively worse off.

READ THE ARTICLE by Consultancy.uk