The world’s richest countries are the ones where the median wealth per person is the highest. This system ranks nations truly according to the most-representative person in each given nation — the person who is in the exact middle of that nation’s population in terms of per-person wealth. Consequently, for example, if a Bill Gates or other billionaire relocates into a certain country, no matter how small its population is, this won’t change that country’s ranking, whereas it could raise the country’s ranking if the ranking-system were according to the mean wealth per person (i.e., dividing everybody’s total wealth by …read more
Source: The Huffington Post
