The wealth of the 1% just hit a record $44T

Re:The wealth of the 1% just hit a record $44T by refurb on Friday March 29, 2024 @12:47AM (#39860826)

If do some rough math, 1% of the world's population is 81 million. So at $44T, if you took that $44T and split it up equally, each person would have ~$550,000 USD.

Doesn't seem like such a big number any more. I'd bet many people on HN have more wealth than that.

Actually, I'd bet many people on HN are in the top 1% of wealth globally.

[ Parent | on HN ]

Re:The wealth of the 1% just hit a record $44T by p00b on Friday March 29, 2024 @01:46AM (#39861061)

That is not how this article explicitly defines “the 1%” in the first few sentences.

> the top 1%, defined by the Fed as those with wealth over $11 million

[ Parent | on HN ]

Re:The wealth of the 1% just hit a record $44T by voganmother42 on Friday March 29, 2024 @01:21AM (#39860963)

Feeding, housing, healing people - so lame, I’ve got my golden sneakers and I just need to invest the rest in a really terrific bunker

[ Parent | on HN ]

Re:The wealth of the 1% just hit a record $44T by ksec on Friday March 29, 2024 @01:22AM (#39860966)

>each person would have ~$550,000 USD.

I think many would earn that much if they work in Magnificent 7.

And it is surprising because frankly speaking $550K isn't a lot.

[ Parent | on HN ]

Re:The wealth of the 1% just hit a record $44T by blackbear_ on Friday March 29, 2024 @07:46AM (#39862887)

The article is talking about the top 1% in the US, not worldwide.

That makes for about 335k people, having 130M USD each on average.

[ Parent | on HN ]