Well it does seem to be talking about the global 1% which is known to include a pretty big slice of the population in relatively wealthy places like the US. The more exclusive 1% that people usually talk about is the US 1% or the 1% of another specific country.
Keep in mind that 1% of 7 billion people is 70 million. And estimates for the number of billionaires in the world look to be under 3000. In addition, most estimates for worldwide median individual income are under 3000 USD per year.
Taking all that into account, 140k sounds pretty reasonable as a boundary for the global 1%.
Well it does seem to be talking about the global 1% which is known to include a pretty big slice of the population in relatively wealthy places like the US. The more exclusive 1% that people usually talk about is the US 1% or the 1% of another specific country.
Keep in mind that 1% of 7 billion people is 70 million. And estimates for the number of billionaires in the world look to be under 3000. In addition, most estimates for worldwide median individual income are under 3000 USD per year.
Taking all that into account, 140k sounds pretty reasonable as a boundary for the global 1%.
Keep in mind it’d be a lot larger without that top 3000
Let’s work the problem.