This means thatthe country’s wealthiest 1% hold more of the money than ever before.
In 2021, this is an estimated $763 billion.
The report explained that as compared to 2019, this is a significant increase.
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In 2019, the wealth they held was 35%.
The 1% is about 376 000 people which is based on the last census of 37.6 million adults.
The 1% controls around $311 billion of the country’s total wealth.
Zimbabwe’s biggest banknote Z$50 is reportedly worth a mere US$0.60. image: JEKESAI NJIKIZANA/AFPSource: Getty Images
This around $828 000 per individual.
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Source: Briefly News
Reeshni ChettyReeshni Chetty is a senior current affairs reporter.
Reeshni has a passion for breaking the stigma surrounding mental health issues.
