The richest 10 percent of the world’s population owns three-quarters of all personal wealth, while the top 50 percent of earners take home more than 90 percent of income, leaving the poorest half with less than 10 percent. Wealth and income disparities have been growing rapidly, with billionaires’ wealth increasing at twice the rate of the bottom half of the population since the 1990s. Income and wealth inequality vary widely across regions, with North America and Oceania being the wealthiest, while South Africa has the highest income inequality and wealth concentration.
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