What is wealth and who owns how much of it?

Wealth refers to the accumulation of valuable resources and assets, including money, property, investments, and other forms of capital. Ownership of wealth is highly unequal, with a small percentage of individuals and families holding a significant portion of total global wealth. For instance, recent reports indicate that the top 1% of wealth holders own over 40% of the world's wealth, highlighting stark disparities in economic power and access to resources. This concentration of wealth often influences social and political dynamics, perpetuating inequalities.