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!




Comments
  1. The thing i like about your content is that its not like those other youtube channles that are clickbait and just do top 10s or whatever and dont bive anyother imformation other then the main thing there talking about

  2. Wealth is not a linear function, it is an exponential function, for everyone. That’s why I really don’t care about billionaires. You double a penny everyday for 30 days you get $5 million.

  3. We did this at school but only 15 people went up. I was representing number 15 and I had 64 % of the world's money.

    The principle said my legs word worth 38% and then everybody in the school whistled.

  4. Inequality isn't a problem, poverty is.
    If you think inequality is a problem, wealth distribution is the solution. But if you think poverty is a problem, wealth creation is the solution. On a distribution system, after sometime wealth ends, and you can only distribute more poverty. This is why the life is better on capitalists countries (the ones that create wealth) and terribly cruel on the socialists (countries that distribute wealth).
    Capitalism creates wealth efficiently, but distributes it unequally. Socialism only takes wealth efficiently, and efficiently distributes poverty.

  5. If everyone on the planet has $41,000 to their name, a loaf of bread would cost something like $50.
    Equality of wealth (money) is NOT the same as equality of resources.

  6. Is it weird that I instinctively prefer to be a billionaire/millionaire but don't care with anyone's economic woes? More likely is that I'll retire as close to a millionaire but I don't that's enough for me to buy a piece of land (in Monaco) converted from the Mediterranean sea to build a mansion or go to Mars.

    Unless I'm a politician or head of state then I'm bounded by duty to upgrade my country (The Philippines), not me or my family to the economic status like that of China, the US, Japan, Qatar, Singapore, Hong Kong, Scandinavia, Luxembourg & S. Korea

  7. this is the result of unregulated capitalism. if 10 people start on an island with 1000 gold pieces, and there is no check on how many gold pieces they can gather, and 10 more people are added to the island every week, the first people who made it to the island will have gathered the most gold pieces, leaving less and less gold available to those new comers , to the point where, through passing gold down to their children, we end up with 90 percent of all the gold on the island being owned by 5 percent of the population, its fucking simple..and its fucked up lol. Why can somone buy a $300,000,000 watch, and children be dieing of malnutrition every second, why are those watches even allowed to be fucking made…just cap it ffs..cap it and make non monetary incentives to innovate and job create

  8. Yeah, makes sense since America, Canada, Europe, is competing with Venezuela Cuba and Austin powers country of kreplavhistan…

  9. The inequality is stark. The large concentrations of wealth is obscene. What amazes me is that the world's poor simply – for the most part- accept this inequality- mainly due to ignorance. In America "greed is good". Surely this system is unsustainable and at some point it will break?

  10. If the entire global wealth were distributed evenly among every person, how long would it take for the 1% to regain their original wealth? Assuming as humans, our spending habits would not change and that same money would end up right back in the pockets of the billionaires.

  11. Wow. My dads car costs more than the net worth of the middle class and lower class.
    it’s a Tesla model x btw. Don’t think it’s a lambo

  12. Easy because people are drones stupid the ones who are in the small percentage don’t follow standards they are trailblazers they deserve their wealth simple

  13. damn, i feel that im lucky now… i live in europe (sweden, a very wealthy but manipulated country)… i have free school, Medical stuff, dentist shit, free lunch at School until im 18. i pay nada for that. i have 2 horses, a computer, lots of Money and food, iPhones, a house near the Town… shit this World is truly unequal :((

  14. Sadly inequality is a normal part of life, it's human nature; for as long as humanity thrives to make profit, inequality will exist. In my opinion, the only way inequality would disappear is if humans change their goal from acquiring wealth to something else ( for example progress of science and technology).

  15. This video has been sponsored by Communism, wich will include a significantly bigger number of Supporters after this Video comes of age.

  16. Yeah life is unfair, anyone who is born in Norway is always a lottery winner. Norway, Denmark, Finland, Sweden. Vikings surely fucking know how to build their civilizations right. Meahwhile my parents get barely 80$ pensions a month (both over 40 years of work experience) and our average wage is $250/month and i dont live in africa or asia, this is in europe… Never see anything, never have time or opportunity to do anything i want, just slowly rotting watching youtube while life is passing by me.

  17. I support free enterprise and people that have worked hard and done well for themselves but one person doesnt need 131 billion, They cannot spend that money in one lifetime while his Amazon employees to afford to live need to claim benefits to support their wage because they are not paid enough, Whilst poverty and homelessness is on the rise something needs to be done about the distribution of wealth here it's disgustingly greedy.

  18. There are more billionaires than I hav dollars in my bank account. Plus I got 40k in debt so cool

  19. Showed this to my upper class bf and bff to make them realize how lucky they are. As someone who grew up in poverty this is basicly nothing new

  20. When youtube channels keep saying good things about norway.

    Americans: My god fucking socialists! *writes socialism jokes*.

    Norwegians: socualism is not the same as commu-

    Americans: reality can be whatever i want

  21. Is anybody interested in what rich people have to go through in order to make all that money? I had to work approximately 4 hours a day, everyday for the last 11 years above and beyond the regular 40 hour work week to get to the point where I can make a fortune. I failed 99% of that time. Now, should the bulk of the money go to those who put out the bulk of the effort and experience the majority of the struggle? I think so, but as with global wealth, an adherence to a strict personal work ethic is not shared by the majority of humans. How many humans are just too lazy and apathetic to voluntarily go through what it usually takes to make a fortune?

  22. fun fact. if you make 32,400 dollars a year you are in the 1% globally. so you activists telling the 1% to pay their fair share. why don't you instead of buying a vegan starbucks coffee give away some of your earnings

  23. Imagine having so much money you couldn’t spend it all in a lifetime but still keeping it for yourself

  24. Jezz Bezos is not the richest man, the Rothschild banking family have controlled all the banks around the world for 100s of years they are worth trillions

  25. This is not as unequal as we think lol, a CEO should be richer than a Uber driver right? But it is still unfair because some people are inherited rich

  26. Where do these numbers come from? I've always heard the number sited as $80 trillion for world circulation

  27. Remember cash and currency in itself is NOT wealth, Wealth is everything that can satify human needs, currency is just a token that has no intrinsic value in modern times.

  28. this is pretty flawed comparison because of differences in cost of living. for the price of a basement in Hong Kong you can get a 3 bedroom flat somewhere else. this is so wrong, people aren't even paid the same for their labor depending on where they are, that's why all big corporations outource labor to developing countries. money is worthless, it actually doesn't even exist, people made it up and it's the root of the problem because it allows easy hoarding. there wouldn't be billionaires if we traded in potatoes. it simply became easier and easier for rich to hoard – from coins, but at some moment too much coins became too heavy to carry so they started using banknotes and finally cashless money. it could all end if we the people just said enough! and agreed that dollar is worthless

  29. This is actually kind of insane. It never occurred to me that I'm actually in the global minority when it comes to wealth. I always saw myself as being average when I'm actually in the top 10%. It really puts things into perspective.

  30. What does "net worth" mean in this video? Is it net worth per year, like how much richer you get every year? Or what that number represents? And please stand away from words like "assets" and "liabilities", explain it to me, dumb guy with basic english vocabulary.

  31. I set up a gofund me because you peasants deserve a king like me. Gofundme/buypoorpeoplehousesandevictthemforfun

  32. I don't see anything wrong with this, if the money was distributed equally between every person and made everyone equal, after 10 years the distribution would be the same or worse. Why? That's how the free markets work, the rich are not rich because they stole the money, the provide a product or service that everyone else values more than the money they use to pay for said service or product. the difference between the rich and the poor may be getting bigger each year but the poor are doing better and better each year. The "poor" in the US are obese have an average of 2 televisions and a car. If you are smart enough you can get out of poverty, graduate high school, don't have a kid before marriage and get a job…. you'll be in the middle class. Anyone born in the US pretty much won the lottery, the "poor" are much better off now than 100 years ago when the wealth gap was much smaller. And wayyyyy better off than most people in the world, by a huge margin.

  33. It crazy how rich families, Kings and Queens control this world! Half of the people live won’t even see or live a good quality healthy life!

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