Over 21 million individuals residing in the United States belonged to the global top one percent of ultra high net worth individuals worldwide in 2022. China ranked second, with over five million top one percent wealth holders globally. France followed in third.
In 2023, roughly 1.49 billion adults worldwide had a net worth of less than 10,000 U.S. dollars. By comparison, 58 million adults had a net worth of more than one million U.S. dollars in the same year. Wealth distribution The distribution of wealth is an indicator of economic inequality. The United Nations says that wealth includes the sum of natural, human, and physical assets. Wealth is not synonymous with income, however, because having a large income can be depleted if one has significant expenses. In 2023, nearly 1,700 billionaires had a total wealth between one to two billion U.S. dollars. Wealth worldwide China had the highest number of billionaires in 2023, with the United States following behind. That same year, New York had the most billionaires worldwide.
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Graph and download economic data for Net Worth Held by the Top 0.1% (99.9th to 100th Wealth Percentiles) (WFRBLTP1246) from Q3 1989 to Q4 2024 about net worth, wealth, percentile, Net, and USA.
According to the Hurun Global Rich List 2024, China housed the highest number of billionaires worldwide in 2024. In detail, there were 814 billionaires living in China as of January that year. By comparison, 800 billionaires resided in the United States. India, the United Kingdom, and Germany were also the homes of a significant number of billionaires that year. United States lost its first place As the founder and exporter of consumer capitalism, it is no surprise that the United States is home to a large number of billionaires. However, the United States has lost their place as the country with the most billionaires in the world to China. This rise of billionaires in China has coincided with the liberalization of its economy and successive high growth rates. However, North America still leads the way in terms of the highest number of ultra high net worth individuals – those with a net worth of more than fifty million U.S. dollars. The prominence of Europe and North America is a reflection of the higher degree of economic development in those states. However, this may also change as China and other emerging economies continue developing. Female billionaires Moreover, the small proportion of female billionaires does little to counter critics claiming the global economy is dominated by an elite comprised mainly of men. On the list of the 20 richest people in the world, only one was a woman. Moreover, recent political discourse has put a great amount of attention on the wealth held by the super-rich with the wealth distribution of the global population being heavily unequal.
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With a market capitalization of 3.12 trillion U.S. dollars as of May 2024, Microsoft was the world’s largest company that year. Rounding out the top five were some of the world’s most recognizable brands: Apple, NVIDIA, Google’s parent company Alphabet, and Amazon. Saudi Aramco led the ranking of the world's most profitable companies in 2023, with a pre-tax income of nearly 250 billion U.S. dollars. How are market value and market capitalization determined? Market value and market capitalization are two terms frequently used – and confused - when discussing the profitability and viability of companies. Strictly speaking, market capitalization (or market cap) is the worth of a company based on the total value of all their shares; an important metric when determining the comparative value of companies for trading opportunities. Accordingly, many stock exchanges such as the New York or London Stock Exchange release market capitalization data on their listed companies. On the other hand, market value technically refers to what a company is worth in a much broader context. It is determined by multiple factors, including profitability, corporate debt, and the market environment as a whole. In this sense it aims to estimate the overall value of a company, with share price only being one element. Market value is therefore useful for determining whether a company’s shares are over- or undervalued, and in arriving at a price if the company is to be sold. Such valuations are generally made on a case-by-case basis though, and not regularly reported. For this reason, market capitalization is often reported as market value. What are the top companies in the world? The answer to this question depends on the metric used. Although the largest company by market capitalization, Microsoft's global revenue did not manage to crack the top 20 companies. Rather, American multinational retailer Walmart was ranked as the largest company in the world by revenue. Walmart also had the highest number of employees in the world.
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Bangladesh HIES: Number of Household: 1 Member data was reported at 1.090 Unit mn in 2016. This records an increase from the previous number of 0.800 Unit mn for 2010. Bangladesh HIES: Number of Household: 1 Member data is updated yearly, averaging 0.700 Unit mn from Dec 2000 (Median) to 2016, with 4 observations. The data reached an all-time high of 1.090 Unit mn in 2016 and a record low of 0.390 Unit mn in 2000. Bangladesh HIES: Number of Household: 1 Member data remains active status in CEIC and is reported by Bangladesh Bureau of Statistics. The data is categorized under Global Database’s Bangladesh – Table BD.H004: Household Income and Expenditure Survey: Number of Household: by Size.
In 2023, the highest total wealth owned by the world's billionaires was found in North America, reaching five trillion U.S. dollars. This comes as no surprise as North America also is the world region with the highest number of billionaires. Europe was the region where the second largest amount of wealth was found in 2023.
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Saudi Arabia is the world's top crude oil producing country, known for its vast reserves of oil and dominance in the global oil industry. This article provides key facts about Saudi Arabia's crude oil production, including its production capacity, reserves, major oil fields, industry dominance, export market, economic impact, and OPEC membership.
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United States Refiner Price: Resale: EIA: Number 1 Distillate data was reported at 2.414 USD/gal in Apr 2018. This records an increase from the previous number of 2.209 USD/gal for Mar 2018. United States Refiner Price: Resale: EIA: Number 1 Distillate data is updated monthly, averaging 0.904 USD/gal from Jan 1983 (Median) to Apr 2018, with 423 observations. The data reached an all-time high of 4.001 USD/gal in Jun 2008 and a record low of 0.409 USD/gal in Jul 1986. United States Refiner Price: Resale: EIA: Number 1 Distillate data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P002: Energy Price.
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World No 1 Tea is a premium tea brand known for its exceptional quality and exquisite taste. With a commitment to sustainability and supporting tea-growing communities, World No 1 Tea offers a wide variety of tea blends carefully crafted to bring out unique flavors and aromas. Discover the luxurious tea experience with beautifully designed packaging and numerous awards for outstanding quality.
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Norway NO: Net Intake Rate in Grade 1: Female: % of Official School-Age Population data was reported at 99.442 % in 2016. This records an increase from the previous number of 98.894 % for 2014. Norway NO: Net Intake Rate in Grade 1: Female: % of Official School-Age Population data is updated yearly, averaging 99.186 % from Dec 2013 (Median) to 2016, with 3 observations. The data reached an all-time high of 99.442 % in 2016 and a record low of 98.894 % in 2014. Norway NO: Net Intake Rate in Grade 1: Female: % of Official School-Age Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Norway – Table NO.World Bank: Education Statistics. Net intake rate in grade 1 is the number of new entrants in the first grade of primary education who are of official primary school entrance age, expressed as a percentage of the population of the corresponding age.; ; UNESCO Institute for Statistics; Weighted average; Each economy is classified based on the classification of World Bank Group's fiscal year 2018 (July 1, 2017-June 30, 2018).
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Learn about China Hongqiao Group, the world's largest aluminum company, and how its production capacity, sustainability efforts, and international presence have solidified its position in the industry.
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China is the leading wheat-producing country in the world, thanks to favorable climate conditions, technological advancements, government support, and significant investment in the agriculture sector. This article explores how China's dominance in wheat production has made it a crucial player in the global market, meeting both domestic and international demand.
How many people use social media? Social media usage is one of the most popular online activities. In 2024, over five billion people were using social media worldwide, a number projected to increase to over six billion in 2028.
Who uses social media? Social networking is one of the most popular digital activities worldwide and it is no surprise that social networking penetration across all regions is constantly increasing. As of January 2023, the global social media usage rate stood at 59 percent. This figure is anticipated to grow as lesser developed digital markets catch up with other regions when it comes to infrastructure development and the availability of cheap mobile devices. In fact, most of social media’s global growth is driven by the increasing usage of mobile devices. Mobile-first market Eastern Asia topped the global ranking of mobile social networking penetration, followed by established digital powerhouses such as the Americas and Northern Europe.
How much time do people spend on social media? Social media is an integral part of daily internet usage. On average, internet users spend 151 minutes per day on social media and messaging apps, an increase of 40 minutes since 2015. On average, internet users in Latin America had the highest average time spent per day on social media.
What are the most popular social media platforms? Market leader Facebook was the first social network to surpass one billion registered accounts and currently boasts approximately 2.9 billion monthly active users, making it the most popular social network worldwide. In June 2023, the top social media apps in the Apple App Store included mobile messaging apps WhatsApp and Telegram Messenger, as well as the ever-popular app version of Facebook.
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As of 2024 there are currently over 1 billion active users on TikTok worldwide.
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Discover some of the most popular and highly regarded teas in the world, including Darjeeling Tea, Matcha Tea, Assam Tea, Earl Grey Tea, and Jasmine Tea. Learn about their unique flavors, origins, and cultural significance, and explore the diverse options available in the world of tea.
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Discover why Kerrygold is considered the number one butter in the world. Made from grass-fed cows in Ireland, it offers a unique flavor and rich yellow color. With its high butterfat content, creamy texture, and natural production methods, Kerrygold is the perfect choice for spreading on bread or using in baking.
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Learn about Nike, the iconic shoe brand known for innovation, performance, and style. Discover Nike's top achievements, from Air Max sneakers to running shoes, and its commitment to sustainability. Explore how Nike influences sports, fashion, and lifestyle globally.
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China has been the world's leading wheat producing country since 1990, with a production of 134 million tonnes in 2018. This article explores the key factors contributing to China's success in wheat production, such as its vast agricultural land, investment in research and development, and efficient farming practices. It also highlights the significance of monitoring China's wheat production for global food security and agricultural economy.
Over 21 million individuals residing in the United States belonged to the global top one percent of ultra high net worth individuals worldwide in 2022. China ranked second, with over five million top one percent wealth holders globally. France followed in third.