America leapfrogs Europe as world’s richest region

At $241trillion, global wealth has reached an historic high as the gap between income disparities widen, according to a report published by Credit Suisse in October 2013.

Half the world’s population own less than 1 percent of the global wealth while over 86 percent of global wealth is in the hands of the richest ten percent.

Despite some gains in Europe, total wealth in North America overtook European holdings to become the leading region for the first time since 2005.

Credit Suisse: Report, October 2013: Global Wealth Report 2013 https://publications.credit-suisse.com/tasks/render/file/?fileID=BCDB1364-A105-0560-1332EC9100FF5C83

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