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That is not how this article explicitly defines “the 1%” in the first few sentences.

> the top 1%, defined by the Fed as those with wealth over $11 million

Feeding, housing, healing people - so lame, I’ve got my golden sneakers and I just need to invest the rest in a really terrific bunker

The article is talking about the top 1% in the US, not worldwide.

That makes for about 335k people, having 130M USD each on average.

>each person would have ~$550,000 USD.

I think many would earn that much if they work in Magnificent 7.

And it is surprising because frankly speaking $550K isn't a lot.