There has been increasing concern over rising inequality and the growth of “the 1 percent” of super-rich people who sit atop the global economy.i Although the world’s 1,826 billionaires make up just 0.00003 percent of the global population, with a combined wealth of more than $7 trillion in 2015, they wield incredible purchasing power. Yet very little empirical research on them and the fortunes exists.
The Geography of the Global Super-Rich, a new Martin Prosperity Institute study by Richard Florida, Charlotta Mellander, and Isabel Ritchie, seeks to change that. Using detailed data from Forbes on the world’s billionaires, the report examines to examine the geography of the super-rich across cities and metro areas.ii
