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What’s the difference between being rich and being wealthy? Some might say that rich people are spenders, while wealthy people are savers. You might be considered rich if you own a yacht or always have the snazziest technology, but your wealth resides in your net worth, not your gadgets.
A mere 1% of people own the majority of the world’s wealth, but there is a stark contrast between being part of Switzerland’s 1% and being part of Indonesia’s. You might even be considered a one-percenter in certain places if your assets tally up to $20,000 dollars!
What country is in the 1% of the global 1%? How much is your bank account short of the threshold? Check out the Knight Frank Wealth Sizing Model below to see where you fall on the scale.