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A florid symptom of global economic and social inequality

January 10, 2018 - 00:15 -- Admin

The wealthiest 1 per cent of the world’s population owned 50.1 per cent of all global household wealth in 2017 – that is they collectively held an est. US$140.28 trillion [Credit Suisse Global Wealth Databook 2017].The world’s richest 500 people had a collective personal worth in excess of US$5.3 trillion at the end of that year – 3.77 percent of the wealth held by the top 1 per cent.Bloomberg Billionaires Index as of Dec. 28, 2017:The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. Details about the calculations are provided in the net worth analysis on each billionaire’s profile page. The figures are updated at the close of every trading day in New York.Billionaires ranked 14 to 500 with personal wealth ranging from $46.8B to $4.9B can be viewed here.Australians on 2017 Top 500 Billionaires Index#85 Gina Rinehart est. current worth $14.9B#213 Harry Triguboff est. current worth $7.52B#256 Ivan Glasenberg est. current worth $6.42B#316 Anthony Pratt est. current worth $5.75B#346 Frank Lowy est. current worth $5.44B#480 James Packer est. current worth $4.22B