Where the Billionaires Are

http://feedproxy.google.com/~r/TheAtlantic/~3/NHbYYvEPq0Y/story01.htm

Of the world’s population of more than 7 billion, around 200,000 people—or 0.003 percent—have a net worth of more than $30 million. These super-wealthy individuals (UHNWs, as the research firm Wealth-X deems them, for “ultra-high net worth”) control a handy $29.7 trillion, according to an analysis of Wealth-X data charted by CNN. UHNWs make the 1 percent look like paupers. And there are far more of them in some places than others. The United States, for example, has more than three times as many ultra-wealthy folks as any other country. Here’s the complete list of countries with more than 1,000 people with a net worth of at least $30 million. Where the .003 Percent Lives Wealth-X/CNN/QuartzIn the U.S., at least, the richest 1 percent of the 1 percent are increasing their wealth faster than anyone else. The main reason is capital gains: From 1992 to 2007, the average salary of the country’s top 400 earners (as measured by U.S. tax returns) doubled, while their capital gains increased a stupefying 1,300 percent. Meanwhile, among the middle class, wages haven’t budged in 25 years. This article was originally published at http://qz.com/301515/the-richest-of-the-rich-live-in-these-25-countries/

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