re: Are you in the 1% club?

"Obviously billionaires like Bill Gates, Warren Buffett and Mark Zuckerberg are part of the 1%. But who else is? According to Credit Suisse, another 47m people - everyone with wealth of $798,000 (£530,000) or more."

Poor writing is poor. There are 7 billion people on this planet. Guess what 47 million is NOT 1% of.

The way the piece is written seems to imply that if you do business with Credit Suisse, you should probably check their math REALLY closely since they can't compute how many people comprise the richest 1% of the planet.

Or, perhaps Credit Suisse meant that 47 million people hold 1% of the world's wealth, but the writer completely failed to grasp that.

My money's on that second thing.