Those 3,028 people, or 0.000036% of the global population, hold more than 99% of all wealth.
The actual number is closer to 9% than 99%. This is probably some kind of mutation from “the combined wealth of billionaires is larger than the GDP of 99% of countries” where notably yearly income and wealth are not directly comparable.
Better (and true) things to say are “The global top 1% have more wealth than the bottom 95% combined” or “The richest 0.01% in the US have tripled their wealth in the last 30 years, while 90% of people have been treading water”
The actual number is closer to 9% than 99%. This is probably some kind of mutation from “the combined wealth of billionaires is larger than the GDP of 99% of countries” where notably yearly income and wealth are not directly comparable.
Better (and true) things to say are “The global top 1% have more wealth than the bottom 95% combined” or “The richest 0.01% in the US have tripled their wealth in the last 30 years, while 90% of people have been treading water”
https://www.thecanary.co/global/world-analysis/2025/04/07/billionaires-wealth-2025/