Why are the world’s wealthiest people living in the world capital?
The world’s top five richest people live in the United States and the world at large, according to data compiled by the World Wealth Report, which ranks countries on the ease with which they can afford to buy goods and services.
The five richest countries are in the top 10 in terms of total wealth, according the report.
The United States ranks third with $9,638,000,000.
That’s more than the total wealth of India ($8,846,000), Germany ($7,913,000) and Mexico ($7.5 million).
China comes in fourth with $5,742,000 in wealth, and Japan is fifth with $4,811,000 million.
The richest countries, by value, are China, $100 billion, France, $81 billion, Germany, $67 billion and the United Kingdom, $58 billion.
In contrast, the poorest countries in the ranking are in Africa, Asia and Latin America.
In Africa, Nigeria, South Africa, Angola, Senegal and the Democratic Republic of the Congo, the wealthiest countries in terms to poverty are South Africa $1.5 billion, Nigeria $1 billion, South Sudan $1 million, Angola $900,000 and Congo $900 million.
The poorest countries are South Sudan, $4.8 million, South-East Timor, $3.4 million, Ghana $2.6 million, Nigeria and Burkina Faso, $1,500,000 each.
The report was compiled by Oxfam, the United Nations Development Program and the World Bank.
It includes information on the cost of living, health care, education, housing, transportation, food, energy and other basic goods and basic services.