Richest One Percent Controls Nearly Quarter of Canada's Wealth

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The PBO’s wealth distribution modeling finds the richest 1 percent controls nearly a quarter of Canada’s wealth (24.3 percent), amounting to $3.5 t r i l l i o n . A c a d e mi cr ese a r c h u s in g a s imi l a r m o d e l in g a pp r o a c h [f in d s] (h ttp s : // o n l in e l ib r a r y . w i l ey . co m / d o i / e p df /10.1111/ r o i w .12453) t ha tt h e w e a l t h s ha r eo f t h e t o p 1 p er ce n t ma y b ee v e nhi g h er a t 29 p er ce n t o f n e tw e a l t h .“ R e a l - t im e bi l l i o nai r es ” d a t a f r o m * [F or b es] (h ttp s : // w w w . f or b es . co m / r e a l - t im e - bi l l i o nai r es /) * f in d t ha t s i x t y - f i v e C ana d ianbi l l i o nai r es n o w co n t r o l a pp r o x ima t e l y$ 410 billion of wealth. The Canadian Business rich list found the richest ten billionaires alone controlled $261 billion.

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type	claim
source	Canada’s Inequality Is Driven by Billionaire Wealth by Alex Hemingway
lenses	Capitalism

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Richest One Percent Controls Nearly Quarter of Canada's Wealth

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