A 1 percent for your thoughts.
October 14, 2011 11:18 AM Subscribe
How much money do you have to make to be in "the top 1 percent", in world terms?
posted by crazylegs to work & money (25 answers total) 14 users marked this as a favorite
All this talk about the evils of "the 1 percent" has got me thinking. I have a sneaking suspicion that I and probably everybody I know are actually in this 1 percent, but I can't prove it.
Here's how far I can get: there are 7 billion people in the world. Therefore, "the 1 percent", if you're speaking in world terms, means the richest 70 million people.
So here's my question: what is the annual income of the 70 millionth richest person in the world? I assume that anyone who makes more than this is "the 1 percent".
This question could also be asked and answered based on net worth rather than income.