Super Rich Flashcards
1
Q
What is the gilded age?
A
The Gilded Age was an era of rapid economic growth, especially in the Northern United States and the Western United States.
2
Q
When was the 1st era of the Gilded Age?
A
1870s to 1900
3
Q
What is the wealth distribution like in Australia
A
Bottom 20% of pop. account for 1% of the total wealth
4
Q
Fun fact about wealth in Aus
A
10 richest people in Aus are worth more than the Aus budget
5
Q
What is HNWI
A
High Net Worth Individual
6
Q
How much does a person need to have to be called HNWI
A
at least $1 million in liquid assets
7
Q
What is UHNWI
A
Ultra High Net Worth Individual
8
Q
How much does a person need to have to be called UHNWI
A
was $30 million as of 2012 but now $50 million
