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The wealth of the top 1% may have peaked

LEE SHAU KEE moved to Hong Kong from mainland China in 1948, the year before China’s Communist Party seized control. In 1976 he set up a property company, Henderson Land Development, which helped to develop the tallest building on Hong Kong island and the hotel where Edward Snowden spilled America’s national-security secrets. Mr Lee is now the world’s 27th-richest person, according to Forbes, a business magazine. He and the 26 richer individuals have a combined worth of $1.39trn—more than the entire wealth of the poorest half of humanity.
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