3. The Global One Percent
So how much do you need to be in the top one percent? We saw the answer varies from one country to the next throughout this article. In oil-rich countries, such as the United Arab Emirates, that number will remain high. In developed countries, that number may be lower but reflect generations of wealth that a family has acquired.
On a global scale, if you have $745,000 in income, assets, investments, and other things, you’re in the top one percent. So if you have a house that is worth $750,000 and is fully paid off, you are in the top one percent, whatever your income is. If your income alone is $745,000 and you have no savings, you are in the top one percent but with a thin margin.