Just 1.6% of All Adults Own 48.1% of the World's Personal Wealth

Esquerda Online

Factuality

Ownership

Every year, I publish a post on global wealth inequality using annual data compiled by economists working at the Swiss bank Credit Suisse. But Credit Suisse no longer exists, destroyed by scandals and the 2023 banking crisis. The other major Swiss bank, UBS, took control of CS's assets and now produces its own annual report on global wealth. It's not as clear and useful as CS's, but it still produces a pyramid of global wealth, as shown below.

steigan.no

Factuality

Ownership

Every year I do a post on global wealth inequality using annual data collected by economists working for the Swiss bank Credit Suisse. But Credit Suisse is no more, having been swept away by scandal and the banking crisis of 2023. The other major Swiss bank, UBS, took over Credit Suisse’s assets and now produces its own annual report on global wealth. It’s not as clear and useful as the Credit Suisse reports were, but it still produces a global …