Gap between rich and poor in Russia among the world's biggest — RT Business

Gap between rich and poor in Russia among the world's biggest — RT Business:

"Wealth inequality in Russia is one of the highest in the world. A report by Credit Suisse says 35% of Russian household wealth controlled by just 110 billionaires. Worldwide, billionaires collectively account for 1 to 2 percent of the total wealth.

“Russia has the highest level of wealth inequality in the world, apart from small Caribbean nations with resident billionaires,” Credit Suisse’s annual global wealth report says.

According to the study there’s one billionaire for every $11 billion in household wealth in Russia. This compares to a 1 billionaire to $170 billion in the rest of the world.

An earlier report by Forbes showed the number of  billionaires in Russia has increased 13 fold since the turn of the century – from 8 in 2000 to 110 people in 2013."

'via Blog this'