The Insane Scale of Global Wealth Inequality Visualized

The Insane Scale of Global Wealth Inequality Visualized


This video was made possible by Curiosity Stream watch any of their more than 2000 documentaries for free by visiting CuriousityStream.com/RealLifeLore Earth is an unequal place. It always has been, and maybe it always will be. But, few people are truly aware about the extent of Earth’s true inequality. This video is an exploration into the real world and the real reality. Let’s begin with the global population of humans currently in 2019: approximately 7.7 billion people. There also exists approximately 317 trillion U.S dollars in global wealth across the world. In a perfectly equal world, if all of this wealth was evenly distributed to all 7.7 billion of us, would mean that everybody regardless of age would have $41,169 to their names. But we don’t live in a perfectly equal world. So to understand the reality of the situation more, let’s shrink all of those 7.7 billion people down to only one hundred people to better represent everybody and place them all in a single-file line in order of how much money they have. The first staggering thing to notice here is that the first seventy people in this line all have net worth below $10,000. In order to break into the top fifty percent of people in the world, you only need to have $4,120. The first seventy people in this line are essentially all inside of the global lower-class and they only control three percent of the world’s wealth between them. Most of these seventy people are located in places like India, where the average adult net worth is only $7,000, or in Africa, where the average adult net worth is only $4,000. The next twenty-one people in the line represent to the global middle class, with net worth averaging between $10,000 and $100,000. Even still though these 21 people are underrepresented, because they control only about 12% of the global wealth pool. In order to break into the global top 10%, you need to acquire a net worth of $93,170. So moving on, the next eight people in the line are the first people who could probably be considered to be very well off. These eight have net worth ranging between $100,000 and $800,000, and would be considered the global upper-middle class. Most of these eight people are found in places like Europe, where the mean average adult has a net worth of $145,000, or thirty-six times higher than an average African adult, or in North America where the mean average adult has a net worth of $404,000. This means that average Americans, Canadians, and Europeans are well inside of the global top 10%. Together, these eight people control 38% of the entire world’s wealth, but even they don’t have anywhere near as much money as this guy does – the richest person in the group of 100. He represents the top 1% of the global population, and he controls a mind-boggling 47% of the entire world’s wealth, or nearly half. In order to break into the global 1%, you need to have a net worth of at least $770,000. No average person in any country on earth is inside of the top 1% Club. Inside of the top 1% are approximately 42 million U.S dollar millionaires, who are located across the world, representing 0.6% of the global population. But even further up than that, at the very top echelons of the 1%, are the billionaire class. As of 2018, there are 2,208 billionaires across the world, with a combined wealth of 9.1 trillion U.S dollars. If the wealth of billionaires was measured as a yearly GDP, they would have the third largest economy in the world, ahead of Japan and Germany combined. And the wealth of the billionaire class has been steadily increasing over time. Just two years ago in 2017, the billionaire class was worth “only” $7.67 trillion dollars, and just as recently as 2000, the billionaire class wasn’t even worth one trillion dollars. At the very, very top of the billionaire class are 10 individual people: the 10 wealthiest people in the world. The top eight of these men – Jeff Bezos, Bill Gates, Warren Buffet, Bernard Arnault, Carlos Slim, Amancio Ortega, Larry Ellison, and Mark Zuckerberg – have a combined wealth greater than the bottom 50% of the human population, or 3.85 billion people. What’s also interesting though is the way that extreme wealth and people tend to congregate in the same few parts of the world. An ultra-high net worth individual is a person who has a minimum net worth of $30 million, and most of them (70%, to be exact) live in just these 10 cities across the world: Tokyo, Osaka, Hong Kong, Paris, London, New York City, Washington D.C., Chicago, San Francisco, and Los Angeles. Half of these mega-concentrations of the world’s wealthiest are cities inside of America, which struggles with its own economic inequality problem. In 2017, the net worth of every single household in the United States added together to 94.7 trillion US dollars. If we took this and divided it equally to all 124 million households inside of the country, that would be $760,000 per American family. The reality is obviously much different, though. The bottom 50% of American families average only an $11,000 net worth, while the wealthiest 400 Americans have more money than all of them or 163 million Americans combined. in order to break into the top 1% of Americans, you need to have a net worth of at least $10,374,000, and in this country the top 1% of Americans controlled roughly 38% of the country’s wealth. While considering the 1% at the global scale control more like 47% of the wealth, The United States is actually doing better at economic equality than the world averages. But if you want to see what the worst country in the world for economic equality is like, you needn’t look any further than South Africa, labeled by the World Bank as the most unequal country on earth. Here, the bottom 60% of the country controls only 7% of the nation’s wealth, which is actually a little better than the global averages but the top 1% of South Africans control an overwhelming 70% of the entire nation’s wealth, which is much more severe than the global average. The country where the wealthiest 1% control the least amount of the nation’s wealth is Norway, where the top 1% only control 21% of the country’s total wealth. While the distribution of money may be pretty unequal in the world the distribution of knowledge doesn’t have to be. You just watched through probably 6 or 7 minutes of me explaining some realities about our society, so why not continue your learning about society, or anything else really for that matter, for free by going and checking out CuriosityStream. CuriosityStream is the first streaming service that exclusively streams documentaries and educational videos, so if you like watching poorly-made educational videos on this channel, you’ll love professionally made ones over there that I love, like the Ancient Earth series with episodes about two giant insects or feathered dinosaurs in the deep ocean series narrated by David Attenborough. CuriosityStream was created by the founders of the Discovery Channel and is available worldwide on the web, Android, iOS, and tons of other platforms. They have documentaries and content spanning science, nature, history, technology, society, and lifestyles, so basically everything that I make videos about and love. Unlimited access to watch all of their videos begins at just $2.99 per month, but you can watch everything on CuriosityStream for free when you visit the link in the description at CuriosityStream.com/RealLifeLore and by using the code RealLifeLore during the signup process. So please, make sure to go ahead and watch their stuff next, and as always thank you for watching!

Author: Kennedi Daugherty

100 thoughts on “The Insane Scale of Global Wealth Inequality Visualized

  1. So in a perfectly equal world everyone would own the same, regardless of their productivity, their knowledge and their contribution to society and the human race?

    Why not get rid of at least the 50% poorest population? what do they contribute, where is the use of 3,5 billion poor people, besides existing and suffering a poor life?

    That sounds mean and heartless, but since almost a century we are fighting evolution by dragging the poorest and weakest of our race through the daily struggle and waste time, money and ressources on them. Greatful as they are, they thank us for our development payments with uncontrolled reproduction and mass immigration.

    We don't have to kill them, but at least make sure they stop reproducing and destroying the area they live.

    I have been in Bangladesh for 2 weeks a couple of weeks ago and I can for sure say, that I am not able to destroy my enviroment like they do, even if I try.

    I guess this comment will be reported and deleted anyway.

  2. Best lessons a child can learn about money is a arcade let them play then collect a prize and then show them the actual cost online of that item compared to how much they spent playing for tickets. See showing kids early on that SOCIETY IS RIGGED FOR YOU TO LOOSE AND THEM TO WIN is what all children need to understand… Society is rigged example we need a car but I can't buy it whole sale directly from manufacturers at a reasonable price so I am forced to pay a inflated price from a dealer. That dealer MAFIA created denial of first party sales state by state because it would be completely illegal at the federal level going against the competition laws. Another thing when we have no alternative to go to alternate energy source we are forced to pay for gas making local oil man rich NOT BECAUSE HE OR SHE IS SMART BUT BECAUSE THE CONSUMER HAS ZERO OTHER CHOICES. Utility companies work off same principle and so does your water bill. Now insurance lives off the ideology of the boogey man is going to infect you with diseases, crash your car, burn your house down but are like the auto dealers just MIDDLE MEN GETTING A FREE PAY DAY. ALSO THESE EMPIRES ARE ENTANGLED TOGETHER TO INCREASE PROFITS!!!

  3. Patterns of the rich are simplistic, sinister with a strong direct agenda that if not aided by corrupt government would be entirely illegal. Wealth at the mega level had never been about intelligence but rigging society to give you money for doing ABSOLUTELY nothing. With knowledge of the most powerful lie in global history "Safety" they have accomplished this in so many areas. Defense spending lie " It's to protect our way of life", Lotteries lie that the money will go to children via improving schools yet nothing goes to schools, Automobile Dealers lie "We are needed to protect consumers from the mean old manufacturers" but are middle men getting a free pay day, Law enforcement lie about all forms of safety "Gun control, Traffic Control, Drinking control, what we smoke or inject control etc" but are all about making there arms longer to push communistic control that's based around profits first Judicial law, Harvard, Stanford, Yale and other CIA Universities lie that Americans are stupid and need 61 billion a year to feed off to educate third world immigrants yet if people from other countries were smart it would be SELF EVIDENT and no need from another country education would be needed, and so so many others. The real patterns that need to be studied are right after someone says you need something you never needed before and it's to protect you from fictional monsters!!!

  4. Best lessons a child can learn about money is a arcade let them play then collect a prize and then show them the actual cost online of that item compared to how much they spent playing for tickets. See showing kids early on that SOCIETY IS RIGGED FOR YOU TO LOOSE AND THEM TO WIN is what all children need to understand… Society is rigged example we need a car but I can't buy it whole sale directly from manufacturers at a reasonable price so I am forced to pay a inflated price from a dealer. That dealer MAFIA created denial of first party sales state by state because it would be completely illegal at the federal level going against the competition laws. Another thing when we have no alternative to go to alternate energy source we are forced to pay for gas making local oil man rich NOT BECAUSE HE OR SHE IS SMART BUT BECAUSE THE CONSUMER HAS ZERO OTHER CHOICES (John D. Rockefeller said."Competitionis a sin"). Utility companies work off same principle and so does your water bill. Now insurance lives off the ideology of the boogey man is going to infect you with diseases, crash your car, burn your house down but are like the auto dealers just MIDDLE MEN GETTING A FREE PAY DAY. ALSO THESE EMPIRES ARE ENTANGLED TOGETHER TO INCREASE PROFITS!!!
    Patterns of the rich are simplistic, sinister with a strong direct agenda that if not aided by corrupt government would be entirely illegal. Wealth at the mega level had never been about intelligence but rigging society to give you money for doing ABSOLUTELY nothing. With knowledge of the most powerful lie in global history "Safety" they have accomplished this in so many areas. Defense spending lie " It's to protect our way of life", Lotteries lie that the money will go to children via improving schools yet nothing goes to schools, Automobile Dealers lie "We are needed to protect consumers from the mean old manufacturers" but are middle men getting a free pay day, Law enforcement lie about all forms of safety "Gun control, Traffic Control, Drinking control, what we smoke or inject control etc" but are all about making there arms longer to push communistic control that's based around profits first Judicial law, Harvard, Stanford, Yale and other CIA Universities lie that Americans are stupid and need 61 billion a year to feed off to educate third world immigrants yet if people from other countries were smart it would be SELF EVIDENT and no need from another country education would be needed, and so so many others. The real patterns that need to be studied are right after someone says you need something you never needed before and it's to protect you from fictional monsters!!!
    The economy is controlled by Government operatives that push one person or provider status control in which they only need to manipulate one person to control all under them. They do this through Croporations but problem with them is they keep technology stagnant to profit from doing the exact same thing over and over mostly German amish ideology that was seen in the VW bug they made exactly the same for 50 years. Injection molding is this way with the machinery dating back to 1950s and if you look at cardboard industry those machines are the exact same ones from the 50s. Corporations have kept society so backwards and stagnant it LITERALLY has threaten the entire human race for technology is the human race savior but with out it we will perish. Take cars and planes first cars were all electric with IOWA William Morrison building first one, Oh you didn't read that cause the SS Nazi aka CIA has you under German ideology that they did everything. We had man powered drones longer than most have been a live problem is it puts out dated Airports, road builders and lockhedmartin out of business but mostly destroy a provider corporation ideology so they can't claim provider status. If we had FREEDOM we could fly where I wanted to go over all those propaganda bill boards, fake car wrecks, or ultimate authoritarian power rule ENFORCEMENT cops based on profit first judicial law. See it would tear up there whole ideology and in turn make them completely USELESS is what they fear most. Control over society is how they keep there amish german existence. All new tech isn't new for one but what is allowed into society is technology that increases there ability to track us or monitor or propaganda us which Obama made legal with Disinformation Act.

  5. In the picture he showed of Norway i could see my house (third story of the grey front most building) the city is called ålesund and I was raised in that city but live in america

  6. The economy is controlled by Government operatives that push one person or provider status control in which they only need to manipulate one person to control all under them. They do this through Corporations but problem with them is they keep technology stagnant to profit from doing the exact same thing over and over mostly German amish ideology that was seen in the VW bug they made exactly the same for 50 years. Injection molding is this way with the machinery dating back to 1950s and if you look at cardboard industry those machines are the exact same ones from the 50s. Corporations have kept society so backwards and stagnant it LITERALLY has threaten the entire human race for technology is the human race savior but with out it we will perish. Take cars and planes first cars were all electric with IOWA William Morrison building first one, Oh you didn't read that cause the SS Nazi aka CIA has you under German ideology that they did everything. We had man powered drones longer than most have been a live problem is it puts out dated Airports, road builders and lockhedmartin out of business but mostly destroy a provider corporation ideology so they can't claim provider status. If we had FREEDOM we could fly where I wanted to go over all those propaganda bill boards, fake car wrecks, or ultimate authoritarian power rule ENFORCEMENT cops based on profit first judicial law. See it would tear up there whole ideology and in turn make them completely USELESS is what they fear most. Control over society is how they keep there amish german existence. All new tech isn't new for one but what is allowed into society is technology that increases there ability to track us or monitor or propaganda us which Obama made legal with Disinformation Act.

  7. A little quote by Winston Churchill “The inherent vice of Capitalism is the unequal sharing of blessings, the inherent virtue of Socialism is the equal sharing of miseries.”

  8. Median network is better than average for the scale of inequality. Then in USA it is only 97k. 200k in Europe. Instead of average wealth at 440k.

  9. Make a video on how to get to the top 10. Also why didn't you include Mukesh Ambani of India in the top 10?

  10. The Fed plays a huge role in the excessive wealth gap by inflating asset prices (that the rich largely own) and discouraging savings.
    Also Congress could make the economy more mobile by reducing the burden it places, by dramatically reducing spending, eliminate certain taxes (not just lower them), reduce onerous laws and regulations, and end corporate welfare.

  11. I had to dislike the video when you decided to use the mean net worth of the average person instead of the median net worth. Because wealth is so heavily skewed, the mean net worth in developed continents tend to represent the 80th percentile – making the data highly deceptive. For example, in the US, the mean net worth is around 400 or 500 thousand like you said. But the "average" US American has under 100 thousand dollars to their name.

  12. I love capitalism… It's all about transferring wealth from lazy, impatient and people love to spend money but hate earning aspect of it to Hustlin', workaholic, smart, patience people strive to create value in market place!

  13. Good video didn’t take into account that a steak cost $50 in Australia and $3 in Africa

    It’s called inflation, the more a country earns the more it cost to live there, yea I know some African country’s are very poor but same goes

  14. America has millions of poor, uneducated, third world immigrants and we have thousands more coming in every day. How could we possibly NOT have wealth inequity in America?!

  15. ok this is bad comparison. If the wealth of the billionaire is measured in term of gdp…but you're showing YEARLY GDP figure, which doesn't mean much. You should have shown total wealth of the countries around that figure. It's like comparing income vs. wealth – which doesn't make sense at all but i'm not sure why one must put that in there.

  16. Did you know that a civil war just started in Chile over this inequality problem, added to poor healthcare and education and the privatization of all basic services and natural resources of the country. The president, Sebastián Piñera, declared war on his own people, set martial law and sent the army to the streets to spread chaos and death, with the only purpose of keeping his wealth and power obtained trough crime and manipulation.
    If you could take a look and make a video to show the world what is happening it would be of great help to the suffering people who just want to recover its freedom

  17. no joke. national geogrpahic just said that hitler made 50 times more money than the regular german. And they say this like its a bad thing meanwhile you wont hear a peep about the absurd wealth disparity that exists in capitalism.

  18. why every capitalist is mad at some truth? so they dont like free speech apparantly. yet rich ppl love to spout about how all it takes is virtue to get money.

  19. I know it's easier said than done but if I had, let's say, zuckerburgers wealth I would spend most of my life investing in other peoples success. If you've already made it what's the point of obsessively pushing for more. To not invest in helping others grow would take some sort of narcissistic individual, with a true belief that they are superior and are more deserving. It's about time we dig a hole a bury these greedy folks before they completely control every aspect of our lives. It's already moving in that direction.

  20. THE AVERAGE AMERICAN WILL NEVER HOLD A JOB FOR 2 YEARS YET NO ONE MAKES ANY ATTEMPT TO STUDY THIS OR IT'S HORRIBLE EFFECTS ON SOCIETY "WHY"????!!!!!

  21. They say "MAKE BETTER CHOICES" in an insane attempt to throw all the worlds problems on your shoulders but in a rigged Corporate/Government society do we really have any choice's other than a life of financial risk taking. I amazed at how febile minded they are thinking we have opportunities or good choices before us but it's a life of slavery with them forcing of others to live as Financing whores to acquire the things they need to either live or enjoy life. We get nothing out of life no real existence no real meaning but a life of deliberate starvation, homelessness to indoctrinate you into a life style of making STUPID people rich for doing ABSOLUTELY NOTHING. Example if we had solar homes, electric cars, personal drones and organic home grown foods we could exist for ourselves not for a greed monger who idea of success is watching all others suffer at his or her hands. A FOOL IS IMPRESSED BY YOUR IDEOLOGY NOT ONE OF TRUE INTELLIGENCE!!!

  22. Lol @ these comments of realizing how not poor they actually are. Shout out to those of us in the lower middle and poverty classes. We know we getting robbed out here 😂😂

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