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His findings, first outlined in his book The Haves and the Have-Nots, published last year, serve as a reminder that despite the West's troubles it remains very much wealthier than the developing world.

The economic decline of the U.S., Europe and Japan has been widely predicted, but for the time being nearly all the world's rich are to be found in the West.


Read more: http://www.dailymail.co.uk/news/article-2082385/We-1--You-need-34k-income-global-elite--half-worlds-richest-live-U-S.html#ixzz2w23uxaTg