Thailand has overtaken Russia and India as the most unequal country in the latest survey by a Swiss bank.
“In 2016, the 1% richest Thais (500,000 people) owned 58.0% of the country’s wealth. In 2018, they controlled 66.9%, overtaking their peers in Russia whose wealth share fell from 78% to 57.1%,” he wrote.
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Apart from these four, there are no other countries in the world where the richest 1% controlled more than half of their countries’ wealth.
The most equal countries are Belgium, where the top 1% had 20.1%, followed by Australia (22.4%).
At the other end of the scale, the 10% poorest Thais had 0% wealth. Mr Banyong noted if debts are taken into consideration, their net worth might be negative.
