Credit Suisse: Armenians own a total of $42 billion

Credit Suisse: Armenians own a total of $42 billion

PanARMENIAN.Net - Armenians own a total of $42 billion, according to Credit Suisse’s annual wealth survey.

Armenian per capita wealth levels have almost doubled in 19 years, surging from $2,177 in 2000 to $19,517 in 2019, the Global wealth report revealed.

Azerbaijanis, meanwhile, own $83 billion, while Georgians have $37 billion in total.

Global wealth grew during the past year, but at a very modest pace. Although wealth per adult reached a new record high of USD 70,850, this is only 1.2% above the level of mid-2018, before allowing for inflation. While more than half of all adults worldwide have a net worth below USD 10,000, nearly 1% of adults are millionaires who collectively own 44% of global wealth. However, the trend toward increasing inequality has eased, and the share of the top 1% of wealth holders is below the recent peak in 2016.

 Top stories
The funds will provide targeted technical assistance to support and ensure effective implementation of vaccination efforts in Armenia.
The Armenian Defense Minister discussed the issues with the Chief of the General Staff of the Russian Armed Forces.
The Ombudsman also detailed the EU diplomats on Azerbaijan's policy of disseminating hate and enmity against Armenians.
The Catholicos said the Armenian soldiers have heroically defended the homeland and their people for many centuries now.
Partner news