Some 36 million millionaires making up less than 1 percent of the adult population own 46 percent of global household wealth; 70 percent of adults - 3.5 billion people - own less than $10,000 in assets and account for 2.7 percent of wealth. By estimates, the report said adding that 1,820 adults have wealth over $ 50 million, and 760 have more than $ 100 million.
The chart shows India's wealth pyramid.
Europe followed an identical patter, with wealth across the continent also rising by 6.4pc during the 12 month period. "In some low-income countries in Africa, the percentage of the population in this wealth group is close to 100 percent", according to Credit Suisse's report.
And since year 2000, the number of millionaires globally has increased 170 percent, while the number of people with more than $30 million to their name has ballooned five-fold to around 45,000 worldwide, the study showed.
In most countries, including the United States, a large wealth gap translates into those at the top accruing political power, which in turn can lead to policies that reinforce benefits for the wealthy. "There is still considerable wealth poverty, reflected in the fact that 92 per cent of the adult population has wealth below $ 10,000", the report said.
At the same time, the Credit Suisse report detailed how so-called Millennials are facing far more adverse market conditions than previous generations, which will "most likely limit their wealth acquiring prospects".
It pointed to "widespread gains in equity markets", at the same time as non-financial assets like real-estate for the first time passed the level they were at when the global financial crisis struck in 2007.
According to the eighth edition of the Global Wealth Report, in the year to mid-2017, total global wealth rose at a rate of 6.4 percent, the fastest pace since 2012 and reached $280 trillion, a gain of $16.7 trillion. Stock market gains helped add $8.5 trillion to U.S. household wealth during that period, a 10.1% rise.
This time they're looking for $15 with the promise that "six America-saving surprises" will be delivered right to your doorstep. On its new Cards Against Humanity Saves America site, the company refuted the notion "it's politically correct now".
The UCLA and Georgia Tech squads were in Hangzhou for a side trip to the headquarters of Chinese e-commerce giant Alibaba. Forwards Hill and Riley, both four-star recruits, figure to bolster 7-foot senior Thomas Welsh in the frontcourt.
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Eriksen, who has scored 21 times in 75 internationals, said there were more goals to come from Denmark in Russian Federation . It was Denmark who got the next goal as Eriksen found the back of the net with a composed finish to complete his hat-trick.
Now, Nashville's Newschannel 5 has learned that, as of Monday morning, Latrelle Lee is no longer enrolled at Tennessee State . The Tennessean notes Greenstone is meeting with police today to decide whether he wants to press charges against Lee.
News of an upcoming Lord of the Rings TV series has been confirmed, exciting all "Ringers" and "Tolkeinheads" around the world. Tolkien fans are probably rejoicing, it could be a risk for the corporate goliath.
A mall in Kota was vandalised by members of Karni Sena, just because the theatre there was playing the trailer of the film. This has happened with many films in the past and every time it has happened, I have spoken openly about it.
Airbus has turned its fortunes around at the Dubai Airshow with a mammoth order of 430 jets worth a total $49.5 billion. An Airbus A320neo of Hungary's Wizz Air, an airline in which Indigo Partners is a major shareholder.
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Rose McGowan arrested for possession of cocaine
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