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What Makes You Super Rich?

# What Makes You Super Rich?

There are at least two ways to consider this question. First, how much does someone need to earn or have in wealth to be classed as super-rich and second, how did they get that much?

We live in a world that has become more unequal over the last 40 years. At the same time the world has got richer. How can this be?

## Ten People Hold Half the World’s Wealth

Some of this is explained by the widening gap between the ‘middle class’ and the poorer groups in society, but much has also been driven by the wealth and earnings of a global elite – a small but increasing number of billionaires.

Each year, Oxfam has produced a report that estimates the share of wealth held by half the population in the world – currently 3.8 billion people – and compares that to the number of people who hold the other half. That number has fallen from just under 100 a decade ago, to, by some reports, fewer than 10 today.

## Wealth Tax

Some have even suggested that the super-rich are now running out of ideas for their wealth, with most being saved in banks rather than invested. For the International Monetary Fund, at least temporarily, now is the time for a wealth tax to help tackle inequality and cover the costs of the pandemic.