"Fewer than 60,000 people 0.001% of the world's population control three times as much wealth as the entire bottom half of humanity, according to a report that argues global inequality has reached such extremes that urgent action has become essential. The authoritative World Inequality Report 2026, based on data compiled by 200 researchers, also found that the top 10% of income-earners earn more than the other 90% combined, while the poorest half captures less than 10% of total global earnings."
"Wealth the value of people's assets was even more concentrated than income, or earnings from work and investments, the report found, with the richest 10% of the world's population owning 75% of wealth and the bottom half just 2%. In almost every region, the top 1% was wealthier than the bottom 90% combined, the report found, with wealth inequality increasing rapidly around the world."
"The share of global wealth held by the top 0.001% has grown from almost 4% in 1995 to more than 6%, the report said, while the wealth of multimillionaires had increased by about 8% annually since the 1990s nearly twice the rate of the bottom 50%."
Fewer than 60,000 people (0.001% of the world's population) control three times as much wealth as the entire bottom half of humanity. The top 10% of income‑earners receive more than the other 90% combined, while the poorest half captures less than 10% of global earnings. Wealth is more concentrated than income: the richest 10% own 75% of global wealth and the bottom half own just 2%. In most regions the top 1% is wealthier than the bottom 90% combined. The share of wealth held by the top 0.001% rose from almost 4% in 1995 to over 6%. Multimillionaire wealth grew about 8% annually, nearly twice the growth rate of the bottom 50%. Such extreme concentration undermines economic resilience, democratic stability, and environmental sustainability and creates a pressing need for policy responses.
Read at www.theguardian.com
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