Globally, if you want to rank among the top 1% of earners, you need to be pulling in serious dough. In South Africa, the world’s most unequal society, that’s not exactly the case.
Climbing the financial ladder to the very top often requires shrewd investment and a little bit of help.
Credit Suisse’s Global Wealth Report for 2021 shows just how concentrated our country’s wealth is, and how the inequality gap is only widening.
So you’ve cracked the top 1%. Well played, but if you want to join the real elite bracket, you’ll need to step things up considerably.
You don’t need to earn much to crack the top 10% of South African earners, but making the 1% cut is a little tougher.