How much money you need to be part of the 1 percent worldwide? Are you part of the 1%?

Discussion in 'BlackHat Lounge' started by Asif WILSON Khan, Nov 8, 2018.

?

Are you part of the 1%?

  1. Yes

    21.1%
  2. No

    73.7%
  3. Maybe

    5.3%
  1. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    How much money you need to be part of the 1 percent worldwide?
    ust how much money do you need to be among the global 1 percent?

    According to the 2018 Global Wealth Report from Credit Suisse Research Institute, you need a net worth of $871,320 U.S. Credit Suisse defines net worth, or "wealth," as "the value of financial assets plus real assets (principally housing) owned by households, minus their debts."

    More than 19 million Americans are in the 1 percent worldwide, Credit Suisse reports, far more than from any other country, while "China is now clearly established in second place in the world wealth hierarchy," with 4.2 million citizens among the world's top 1 percent.

    To be among the top 10 percent worldwide, you don't even need six figures: A net worth of $93,170 will do it.

    And even if you have just $4,210 to your name, you're still richer than half of the world's residents.

    Source:
    https://www.cnbc.com/2018/11/01/how-much-money-you-need-to-be-part-of-the-1-percent-worldwide.html
    https://www.msn.com/en-gb/money/new...be-part-of-the-1-percent-worldwide/ar-BBPcX1O
    https://www.investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp
    https://www.forbes.com/sites/greats...ercent-not-as-much-as-you-think/#3b46a2392511
     
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  2. ScribScribScrib

    ScribScribScrib Jr. VIP Jr. VIP

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    Eyes hurt reading this on black theme :weep::weep::weep::weep:
     
  3. Sristy

    Sristy Jr. VIP Jr. VIP Premium Member

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    Good to know that but bad that I don't have it.. ;)
     
  4. CenTex Hosting

    CenTex Hosting Jr. VIP Jr. VIP

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    I would have thought the numbers would have been a lot more. I guess more people live on credit to make it look like they are better off than they are. Now I can tell my wife we have made it and I can retire. LOL just kidding could not retire now Love what I am doing. LOL
     
  5. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    Is that it? I make that every other day.
     
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  6. davids355

    davids355 Moderator Staff Member Moderator Jr. VIP

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    Pretty shocking that the value to be in the 1% is so low. Shows how uneven the distribution of wealth is.

    I think IM is definitely a good force to start solving it though, as barriers to entry are very low, and market is global.
     
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  7. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Here's why I love statistics: with the exact same data you can imply completely different things without technically lying. For example, take this:

    The implication is that the US and China are the leaders (of the economic growth) because of the number of millionaires.

    And then take this from the same report:

    upload_2018-11-9_1-38-29.png

    Now I can say that Russia and India are leaders of the economic growth because of their respective share of top 1% of wealth holders.

    Do I want to praise ... Libya?

    upload_2018-11-9_1-43-55.png

    Second fastest growth worldwide in household wealth. Yeah, that happens if your previous wealth has been blown away from the bombs but don't mind that, look at the graph!

    Do I want to hide how greater North America performs in comparison to the rest? I will use the log scale :D

    upload_2018-11-9_1-50-1.png

    (see how the distance between 100->1000 is the same with 10.000 -> 100.000? That's the log scale in action).

    Understand this: statistics mean nothing without context and the discovery/evaluation of the context is where the whole game is.
     
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  8. KHer0

    KHer0 Jr. VIP Jr. VIP

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    You rarely reply to threads, but when you do, you do it elegantly !

    Also, gotta agree with @Davids.. on a large scale, this shows How corrupted our world really is !
     
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  9. Darth Orko

    Darth Orko Junior Member

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    I'm happy to be in the top 1% of intelligent people, with an IQ of over 135.
     
  10. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    That is great, really really cool but do you get upset when you see a dumbass clown with more money?




    I am a people person and prefer crowds, I am part of the 99%
     
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  11. MrMagicHands

    MrMagicHands BANNED BANNED

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    If you say so.
     
  12. The Universe Legend

    The Universe Legend Registered Member

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    "Your IQ score lies within a range of 133 up to 149, or it may be even higher!"

    I just did a test, and yes I'm from the 1%.
    Hope I'll be from the most rich 1% in the next months.. too as we the smart people can acheive it easily loool
     
  13. zerkamaz

    zerkamaz Regular Member

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    At least we know that 31% of people on BHW are Rich, lol
     
  14. patadeperro

    patadeperro Jr. VIP Jr. VIP

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    Most people in the first world countries are in the 1% in the history of humanity... 50% of the world population lives with less than a dollar a day the minimum weight per HOUR in a first world country is $7.25 usd...let those numbers sink.
     
  15. MrMagicHands

    MrMagicHands BANNED BANNED

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    Can you smell your own farts better now? :D
     
  16. The Universe Legend

    The Universe Legend Registered Member

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    Can you give as a statistic of that from a reliable source? :D
    This kind of information helps the person to be thankfull of what he already have.
     
  17. The Universe Legend

    The Universe Legend Registered Member

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    Yes. I can even know what you are eating just from your farts smell. It is good to be genius lol
     
  18. MrMagicHands

    MrMagicHands BANNED BANNED

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    195 IQ right there. Your scores were obviously incorrect!
     
  19. The Universe Legend

    The Universe Legend Registered Member

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    Generally, I did an online test and I replied to all question in a correct way. The IQ can be higher if I did another harder test I guess.
    But generally, I think BHW should have a genius section for us loool
     
  20. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Did some post clean up, if you want to keep dicking at each other I can get you a vacation room to do it privately.