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  • While we talk sometimes about billionaires here on this channel, some people took a step

  • forward and moved to trillionaires.

  • well, we don't have one yet, but it seems like someone is about to become one very soon.

  • The Confederation of Oxfam predicts that, if their wealth keeps growing as it has been

  • for the last couple of years, one of these two people will become the worlds first trillionaire

  • in the next 25 years.

  • That's not surprising news considering that he made 28 billion dollars in 2018(Jeff Bezos).

  • What else can you expect from a man who has his newspaper (Washington post, business insider),

  • and a rocket company to leave the earth in case if we decide to destroy each other.

  • However my dear friend, let's do something different in this video and talk about you

  • and me, where are we on this wealth equation.

  • How rich we really are, do we even stand a chance to join the top 1 percent, how far

  • are we from the top 1 percent that rules the world?

  • I have some good and bad news.

  • The good one is, you might be in the top 1 percent but you haven't really realized

  • that because the bad news is, this 1 percent doesn't really have as much influence in the

  • world as people think.

  • Let me explain.

  • If you have a net worth of at least 10 thousand dollars, you are literally wealthier than

  • 70 percent of all the adults around the world.

  • Even if you work at McDonald's and make just enough to survive, you are already considered

  • to be at the top 30 percent of wealthiest people in the world.

  • Unfortunately, 3,474 Billion adults don't even have a net worth that exceeds 10 thousand

  • dollars.

  • In fact, the bottom 70% controls only 2.7 percent of the total global wealth.

  • That sounds bad but that's the world we live in.

  • If you live in the United States or any other first world country, you probably own a car,

  • a smartphone, maybe an iPhone and a bunch of other things that raises your net worth

  • to something between 10K to 100K thousand dollars.

  • Congratulations, you are officially in the top 30 percent.

  • Of course, life isn't great at this bracket, but you are making ends meet.

  • And if we take your wealth and over a billion people or the 21.3 percent of adults who have

  • a net worth of 10 to a 100 grand, your total wealth will only amount to less than 12 percent

  • of the global wealth (11.6).

  • remember at this stage, you don't even own a house, because if you do, you are in the

  • top 8%(7.9%).

  • You are richer than 92% of the world if your net worth exceeds at least 100 thousand dollars.

  • Out of 5 billion adults, only a small fraction of less than 400 million are in this category

  • (391 Mln).

  • You are not really rich at this point, but you are certainly in the middle class.

  • You have a good job, you can afford to go for a vacation, maybe once a year.

  • Isn't that enough?!

  • Because if you are wealthier than that, then you are definitely in the top 1 percent.

  • According to Credit Suisse, if everything you own equals to at least a million dollar,

  • then you are in the top 0.7 percent.

  • It might seem like they are super rich and powerful individuals but they are not, they

  • are just good lowers, doctor or engineers who make 100 to 300 grand a year, you might

  • be one of them or at least you know someone who makes that much of money.

  • These people are rich, but not to the point where they can even afford a private jet.

  • because if you can, you are in the top 0.01% with an average annual income of 31.6 Million

  • dollars.

  • The cheapest private jet is 5 million dollars and maintaining one will cost you at least

  • half a million a year.

  • So you can't afford one if you are not in the top 0.01%.

  • The people that you see on the Forbes list, people that control most powerful corporations

  • in the world, or billionaires, in general, are the top 0.000024 percent.

  • they either earned that by themselves or inherited it but in general, they don't really know

  • what to do with all of that money.

  • So getting to the top 1 percent isn't as difficult as it seems.

  • You don't even have to start your own business, just by working a little harder than the rest

  • of your colleagues, you will most probably join the 1%.

  • The challenging part is to get to 0.01 percent or the 0.00001 percent.

  • Anyways, if you have enjoyed this video, give it a thumbs up.

  • I thought it would be interesting to share with you these numbers.

  • Make sure you hit that bell button so that the next video appears on your homepage.

  • Thanks for watching and I will see you in the next one.

While we talk sometimes about billionaires here on this channel, some people took a step

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A2 percent net worth wealth worth rich world

Are You In The Top 1 Percent

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    Summer posted on 2020/11/14
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