Question

If the total amount of wealth in the world is $418.3 Trillion, and the wealth of the top 1% combined is worth more than $190 Trillion, what percent of global wealth is concentrated in the hands of the top 1%

?

Answer 1

Answer: The top 1% of the world's population holds more than 45% of global wealth.

Explanation:

To find the percentage of global wealth concentrated in the hands of the top 1%, we need to divide the wealth of the top 1% by the total amount of global wealth, and then multiply by 100 to get the percentage.

Percentage of global wealth held by top 1% = (Wealth of top 1% / Total global wealth) x 100

We are given that the total amount of global wealth is $418.3 trillion, and the wealth of the top 1% is more than $190 trillion.

So, the percentage of global wealth held by the top 1% is:

(190 trillion / 418.3 trillion) x 100 = 45.38%

Therefore, the top 1% of the world's population holds more than 45% of global wealth.

Answer 2

45.42%

Explanation:

To find:-

• What percent of global wealth is concentrated in the hands of the top 1% .

Answer:-

We are here given that, the total global wealth is 418.3T dollars and more than 190T dollars is in hands of top 1% of the people. We are interested in finding out the percentage of global wealth in the hands of top 1% . We can find the percentage as ,

`:\sf\implies \pink{ \% =(Wealth\ owned\ by \ 1\% )/(Total\ wealth)* 100}\\`

On substituting the respective values, we have;

`:\sf\implies \% =(\$ 190T)/(\$ 418.3T)* 100\\`

`:\sf\implies \pink{\% = 45.42\% } \\`

Hence the required percentage is 45.42% .