How much money you need to be part of the 1 percent worldwide
www.cnbc.com
According to the 2018 Global Wealth Report from Credit Suisse Research, this is the net worth you need to be among the 1 percent around the world.
  • Mongostein@lemmy.caEnglish
    7·
    1 year ago

    Is that cash or equity?

    I haven’t had $4000 cash in years, but I own some stuff.

    Edit:

    To be among the top 10 percent worldwide, you don’t even need six figures: A net worth of $93,170 will do it.

    And even if you have just $4,210 to your name, you’re still richer than half of the world’s residents.

    Oh. Nope. I’m a bum.

  • grte@lemmy.caEnglish
    66·
    1 year ago

    This is such a useless figure without taking local expenses into account. Consider the price difference living in San Francisco vs. a small town in Alabama. 4210 is going to last much longer in the latter than the former despite having the same networth on paper.