bne:Chart – Russia comes out worst in wealth equality study

By bne IntelliNews July 2, 2015

Henry Kirby in London -

 

Over four-fifths of Russia’s national wealth is held by just one-tenth of the overall population, according to the 2014 Global Wealth Databook, produced by financial services group Credit Suisse.

The 84.8% of wealth held by the top decile of Russia’s population was the highest proportion measured in any of the countries that were analysed. The second highest proportion was recorded by Turkey at 77.7%.

Only twice since 2000 has another country’s top decile held more of its national wealth than Russia’s – in 2000 and 2001, when The Philippines’ respective scores of 79% and 77.4% were higher than Russia’s scores of 77.1% and 76.9% in the same period.

Russia topped the inequality tables when measuring the wealth of the top 5% and 1% too, with scores of 79.1% and 66.2%, respectively.

Related Articles

Drum rolls in the great disappearing act of Russia's banks

Jason Corcoran in Moscow - Russian banks are disappearing at the fastest rate ever as the country's deepening recession makes it easier for the central bank to expose money laundering, dodgy lending ... more

Kremlin: No evidence in Olympic doping allegations against Russia

bne IntelliNews - The Kremlin supported by national sports authorities has brushed aside "groundless" allegations of a mass doping scam involving Russian athletes after the World Anti-Doping Agency ... more

PROFILE: Day of reckoning comes for eccentric owner of Russian bank Uralsib

Jason Corcoran in Moscow - Revelations and mysticism may have been the stock-in-trade of Nikolai Tsvetkov’s management style, but ultimately they didn’t help him to hold on to his ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss