Credit Suisse publishes global wealth report every year.
This year report can be accessed here.
We’re sharing some interesting data from this report every year.
They have taken only adult population into consideration for the purpose of this report.
For dollar to rupee conversion, the rate assumed is 1 USD = Rs.65.
A country is considered rich, if the average wealth per person is over $100,000 (Rs.65 lakhs).
You would be surprised to know that Cyprus joined the list of rich nations this year.
The richest country in the world is Switzerland with average wealth per person of $537,000 (Rs.3.50 crores).Switzerland is the only country in the world where the average wealth per person has crossed half a million dollars.
The top ten richest countries in the world are Switzerland, Australia, USA, New Zealand, Norway, Denmark, Belgium, UK, Singapore and France.
If you are a dollar millionaire (Rs.6.5 crores), you are among the top 0.7% of the world population.
If you’ve wealth of $770,368 (Rs.5 crores), you’re among the wealthiest 1%
The average net worth of an individual in the world is $56,540 (Rs.37 lakhs).
70.1% of the world population has wealth less than $10,000 (Rs.6.5 lakhs).
21.3% of the world population has wealth between $10,000 (Rs.6.5 lakhs) to $100,000 (Rs.65 lakhs).
7.8% of the world population has wealth between $100,000 (Rs.65 lakhs) to $1 million (Rs.6.5 crores).
The top 1% of the population owns 50.1% of the total assets.
The top 10% of the population owns 87.8% of the total assets.
Coming to India, we’ve 245,000 people who are dollar millionaires and above.
0.5% or 42 lakh people have wealth above Rs.65 lakhs but less than Rs.6.5 crores.
7.2% or 6 crore people have above Rs.6.5 lakhs but less than Rs.65 lakhs.
The balance 92.3% of population, roughly 77 crore adults, have less than Rs.6.5 lakhs. This is the most poorer section of our population.
There are 1820 people who have above $50 million (Rs.325 crores).
There are 760 people who have above $100 million (Rs.650 crores).
A dollar billionaire is the one who owns more than Rs.6500 crores.
Out of the 2043 billionaires in the world, 101 live in India.
Total wealth of the country is $5 trillion predominantly in real estate and gold.
The average wealth per individual is $5976 (Rs.3.88 lakhs) and the median wealth is $1295 (Rs.84,175).
Median wealth means that half of our population has less than Rs.85,000 as wealth.
Going through this report reaffirms that other than spending and saving; giving too needs to be part of our financial plan.