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According to the article: "That compares to an average wealth of $2.7m per adult for the elite 1%." The site you linked has no info (that I could find) regard

According to the article: "That compares to an average wealth of $2.7m per adult for the elite 1%." The site you linked has no info (that I could find) regarding where they source their stats, as well as no info regarding how they process the numbers so I'd be a bit wary about trusting their figures. EDIT: That's not saying the numbers are wrong, if $2.7m is the average, then $770k could be the low end of the distribution. EDIT 2: After entering some numbers into their form, they finally show you who they are, and where they get their numbers. I really wish they had a link on their homepage with that info...

corysama 12y ago
Given a power law curve with $770K at the low extreme, $2.7m does not seem like an unreasonable average amount. RichList puts $1.31m=0.5%, $2.7m=%0.16 and 13m=0.01% of the population. It also says that $1B puts you at #998 in the world. Oxfam claims that number recently grew to 1645 [1]. I can accept 998 as a calculated estimate based on somewhat outdated data. But, it's obviously not nearly perfect. [1] http://www.theguardian.com/news/datablog/2014/oct/29/oxfam-report-220-years-richest-man-spend-wealth http://www.theguardian.com/news/datablog/2014/oct/29/oxfam-r...