Just 18 individuals held more than $50 billion in wealth last year
The division of society between the richest 1% of the population and everyone else has become a common way of conceptualising inequality.
However, 1% is still a very large group. For instance, in the UK it comes to more than half a million people or over a quarter of a million households. According to Simon Lambert of This is Money, an income of at least £120,000 is required to make the cut. That’s a great deal of money for most people, but not an extraordinary level of wealth.
