Russia is the most unequal major economy in the world, with almost two-thirds of its wealth controlled by millionaires, a wealth research company has said.
Sixty-two percent of Russia's wealth is held by U.S. dollar-millionaires and 26 percent of its wealth is held by billionaires, New World Wealth said in a report on Wednesday. Russia's economy is climbing out of recession and the International Monetary Fund sees it growing by 1 percent in 2017.
"If millionaires control over 50 percent of a country's wealth then there is very little space for a meaningful middle class," New World Wealth said.
Proportion of wealth held by millionaires:
[source : Russia is the most unequal major country in the world: Study, CNBC, http://www.cnbc.com/2016/09/01/russia-is-the-most-unequal-major-country-in-the-world-study.html, 1st September 2016]