Oktay Kavrak, CFA
Communications & Strategy @ Leverage Shares
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Global Distribution of Total Wealth: Worth $634 Trillion 💰Most of this wealth is concentrated in:- United States- Germany- France- Japan- China - India- UKThese seven countries combined possess 69% of the world’s wealth.Source: Visual Capitalist
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You might want to put this side by side with debt distribution. Another angle to this would be the debt:wealth ratio in each region. Japan 26%Italy 25%USA 21%France & India 19%UK 17%China 16%Canada & Germany 15%It’s not enough to focus on what you own and ignore what you owe.Good information nonetheless, thanks for sharing.
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Manoj S Kunder
Co-founder | Managing Director | Digital Avatar | Metaverse |
9mo
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This calculation might not be accurate. Considering real-estate as the best store of wealth, land value of Indian city, say Mumbai Metropolitan Region exceed 70 Trillion USD, but only 14 Trillion USD is shown as the total wealth of entire country. Please note Delhi is bigger city than Mumbai and value of rest of Indias real-estate. We haven't considered value of buildings, businesses and other assets either!
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Jas P.
TOC / OU / OTT Shift Supervisor London Media Centre at Encompass Digital Media UK EMEA
9mo
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Add my former wife after our amicable separation
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Trond Johannessen
Venture Developer, Board Member, Pre-Seed Investor
9mo
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The idiots are back. Statistics never show Texas and California, but the third powerblock, the EU, is of course represented by the federation members. It takes a particular perspective and will to belittle the facts to continue publishing stats this way.
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Mahmoud Zakarya, CA, IFRS Diploma
Charted Accountant | Tax Audit & Arbitration |Accounting | Auditing | Finance | Financial Planing | Financial Modeling |
9mo
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Insightful and also alarming at the same time when you take into consideration population consentration. Africa and Latin America only control 1.14 and 2.75 %respectively of the world wealth while they represent 16.7 and 7.6% resepectivly of the world population I know that their is a lot of factors that play a role here like innovation, patents, economic and political angels. But still it should not be leaning this much also if you thrown in the minerals concentration it will be worseThat’s why BRICS and similar economic alliances are important to bring a more balance.
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George Roberts III, Ph.D.
✷Build passive income in real estate without having to deal with "tenants, termites or tantrums" ✷ Award-winning Data Scientist ✷ Marquis Who's Who 2023 ✷ Heavily-cited bioscientist ✷
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What is truly needed is an analysis of what the richest countries did to make the list. Property law and stable law in general, (relative) lack of red tape, a tax system that rewards innovation, etc.
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Saleem Akhtar Q Ansari, CFA
Connecting Middle Eastern capital to inaccessible alternative investment managers, globally.
9mo
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It isn’t 7 countries but some 200 odd folks that control that wealth much wealth and since 2020 the speed of transfer of wealth to these has accelerated to unprecedented levels
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Kathe Johnston
Vice President, Strategy and Business Development at Knowledge Council Inc.
9mo
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Thanks for sharing. I wonder how other factors weigh against the total wealth statistic like % of the population that hold that wealth, quality of life, employment rates, literacy rates, access to education and healthcare by population and demographic, to name a few. And, of course, the happiness index.
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It is just necessary to take into account a different system of values natural resources real economy (exclude financial speculative instruments) will get a new future wiggle world for the people and not for the golden billion
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Global Distribution of Total Wealth: Worth $634 Trillion 📈Most of this wealth is concentrated in:- United States- China- Germany- France- Japan - India- UKThese seven countries combined possess 69% of the world’s wealth.Source: Visual Capitalist#wealth #finance #global #trends #money
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