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Ok so followed from Michael Moores observation that the Forbes 400 now have a greater net worth than the bottom 60% of U.S. households combined, I decided to try and do a similar calculation for the UK.And it isn’t as bad. But its still pretty bad.According to the Sunday Times rich list the richest 1000 people in the UK in 2011 have a net worth of £335.5 billion.The Office of National Statistics, gives average household wealth by decile for 2006/2008.
So doing a bit of jiggery pokery in Excel I worked out that the lowest 30% have a net worth of £394,017,400,000 which is granted more than £335.5 billion. (Presuming that a billion here is equal to 1,000,000,000. I can’t check because of Sunday Time paywall.) But its still pretty shocking that the richest 1,000 in the UK have a net wealth not far off the neath wealth off the poorest 18,551,446.