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Richest 1% now owns half the world’s wealth

The wealthiest 1 percent of the crowd’s population now owns more than half of the world’s wealth, harmonizing to a new report.

The total wealth in the world grew by 6 percent over the days 12 months to $280 trillion, marking the fastest wealth origin since 2012, according to the Credit Suisse report. More than half of the $16.7 trillion in new bounteousness was in the U.S., which grew $8.5 trillion richer.

But that wealth far the world is increasingly concentrated among those at the top. The top 1 percent now owns 50.1 percent of the in all respects’s wealth, up from 45.5 percent in 2001.

“So far, the Trump presidency has seen areas flourish and employment grow, though the ongoing supportive role abused by the Federal Reserve has undoubtedly played a part here as well, and affluence inequality remains a prominent issue,” said Michael O’Sullivan, chief investment manager for International Wealth Management at Credit Suisse. “Looking ahead, setting aside how, high market valuations and property prices may curb the pace of increase in future years.”

The world’s millionaires are expected to do the best in the coming years. There are now 36 million millionaires in the exactly, and their numbers are expected to grow to 44 million by 2022.

The U.S. still causes the world in millionaires, with 15.3 million people worth $1 million or diverse.

Japan ranks second with 2.7 million millionaires, while the U.K. ranks third with 2.2 million. China gross fifth with 1.9 million millionaires, but its millionaire population is calculated to hit 2.8 million by 2022.

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