Over 100 people in Russia own 35% of the country’s wealth, with a combined wealth of over $420 billion. Most billionaires made their fortunes in natural resources and rely on politicians to maintain their wealth. Globally, billionaires own an average of 2% of the world’s wealth, with the lowest income inequality in Northern Europe. Men globally earn over 50% more than women.
The distribution of wealth in Russia has the highest levels of inequality in the world, with just over 100 people owning 35% of the country’s wealth. The combined wealth of these billionaires is estimated to exceed 420 billion US dollars (USD). A large part of the distribution of wealth in Russia is not necessarily income, but rather goods such as housing. This inequality in wealth distribution is thought to be the result of most Russian billionaires making their fortunes in natural resources, such as oil or metals, and relying on the help of politicians to maintain their wealth.
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Globally, billionaires own an average of about 2% of the world’s wealth. This is roughly equivalent to one billionaire for every $170 billion in the world.
The lowest levels of income inequality in the world are generally in Northern Europe, in countries such as Finland, Sweden and Norway.
In every area of the world, men have more income than women. In fact, the income of all men globally is estimated to be more than 50% higher than the income of women worldwide.
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