Find out how much you need to have to join the richest 1% in the world

A study carried out by the British real estate company Knight Frank, sought to assess the cost of living in European countries, based on the purchase and rental prices of real estate practiced on the continent.

The sampling demonstrated, for example, how much is needed to enter the range of the richest 1% in specific locations such as the principality of Monaco and Switzerland, two of the countries with the highest cost of living in the world. world.

According to the study, to be among the richest 1% of Monaco you need to have at least US$ 12.4 million in fortune, while half of that, about US$ 6.6 million, is required in Switzerland.

The study also brought data from other countries, such as Australia, where it is necessary to have US$ 5.5 million to being among the richest 1%, and the United States, where the “rich” have at least US$ 5.1 million in patrimony.

The pandemic and the rising cost of living

According to the study conducted by Knight Frank, entitled “Wealth Report 2023 for Real Estate”, the pandemic has increased the cost of living in countries, which has raised the ruler of wealth and increased inequality Social.

To give you an idea, while in Monaco only those with more than US$ 12.4 million are considered rich, in the Philippines it is only necessary to have US$ 57 thousand (about R$ 281 thousand) to be called rich.

Even the Asian country is considered one of the poorest in the world, with low Human Development Indexes and little social development.

Reports such as those from Knight Frank only prove that the effects of the Covid-19 pandemic caused the price of food, housing and other basic survival items, which has impeded the progress of families around the world.

Graduated in History and Human Resources Technology. Passionate about writing, today he lives the dream of acting professionally as a Content Writer for the Web, writing articles in different niches and different formats.