Income Of Top 1 Of World
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Below we show that the threshold for an individual to enter the global top 1 in 2012 is an annual income of about ppp 50 600 per capita household income or ppp 202 000 for a family of four.
Income of top 1 of world. America s median income is about 55 000 a year and nearly one half of the world s richest 1 live in america. Country of income of the richest 1 albania 9 1 australia 6 4 austria 8 2 bahrain 18 0 belgium 6 7 bosnia and herzegovina 6 2 brazil 28 4 bulgaria 8 4 canada 13 6 chile 23 7 china 13 9 colombia 20 4 croatia 7 6 cyprus 8 6 czech republic 9 5 ivory coast 17 1 denmark 12 8. The smallest budget per capita exists in the democratic republic of the congo. The income required to be in the top 1 varies greatly based on what country you live in.
In our comparison over 78 countries the usa comes 9th with an average income of 65 760 usd. According to a list compiled by bloomberg it takes about 488 000 to be in the top 1 in the united states. Interestingly inequality is widening even within the ranks of the top 1. According to the daily mail if you make 34 000 a year you are in the top 1 in the world.
Annual wages of top earners the latest data from the epi show that in 2018 annual wages for the top 1 reached 737 697 up just 0 2 compared to 2017. Average income around the world the worldwide highest income is earned in monaco. How much do you need to earn to be in the top. The top 1 per cent of australians have more wealth than the bottom 70 per cent combined.
According to a list compiled by bloomberg using data from the world inequality database and statistics. Perhaps no income level has been cited more than the so called 1 per cent the richest of the world s rich. To join the group in the oil rich united arab emirates requires more than 900 000 or 12 times more income than in india a developing market so populous that the top 1 includes more than 13. We find that for many developed countries it includes the top 4 8 of their national income distribution.
The global median income is 1 225 a year.
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