The Global Wealth Pyramid [INFOGRAPHIC]

The Global Wealth Pyramid [INFOGRAPHIC]

Wealth distribution in the U.S. has been a hot topic lately, leading many to express concerns that the system is somehow inherently unfair or unjust. Credit Suisse published an interesting chart this morning showing a breakdown of how the world’s wealth is distributed as a reminder of why people might be upset.

At the top the global wealth pyramid, there are 32 million people, roughly 0.7% of the world population, who are worth more than $1 million USD and control $98.7 trillion, or 41.0% of global wealth.

In contrast, the bottom 3.2 billion people, which is 68.7% of the population, have less than $10,000 and control only $7.3 trillion, or 3.0% of the wealth.

Odey Special Situations Fund took on several new positions in March

Crispin OdeyOdey Asset Management's Special Situations Fund was down 3.2% in March, compared to its benchmark, the MSCI World USD Index, which was up 3.3%. Through the end of March, the fund is up 8.7%, beating the benchmark's return of 4.9%. Q1 2021 hedge fund letters, conferences and more Odey's Special Situations Fund deploys arbitrage and Read More

Global Wealth

Via: Floating Path

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