Super-rich control $30tn of global wealth, or 40 percent of world GDP - study

About 13 percent of global wealth of adults is concentrated in the hands of 0.004 percent of the population, according to a new study. And the trend is set to continue with the number of high net worth individuals reached a record 211,275 in 2014.

Swiss bank UBS and consulting firm Wealth-X compiled the World Ultra Wealth Report 2014 releasedThursday.

"Ultra-high net worth" (UHNW) individuals are defined as people with a fortune of about $30 million. Of the 211,275 that fall into the category, 2,325 are billionaires, a 7.1 percent increase since last year. Experts believe the number of billionaires could rise to 4,000 by 2020 .... http://rt.com/business