Russia: population by wealth bracket in 2019

Over 88 million Russians aged 20 years and above, or approximately 79 percent of the total adult population of the country, had wealth under 10 thousand U.S. dollars in 2019. To compare, on average around the globe, the share of residents belonging to this wealth range was measured at under 57 percent.

Economic inequality in Russia

The latest available data by the World Bank recorded Russia’s Gini index, used as a measurement of income or wealth inequality, at 37.7. While the organization classifies Russia as an upper-middle-income economy, the share of middle-class population in the country varies across regions, ranging from 45 percent in the Yamalo-Nenets Autonomous Okrug in Western Siberia to under two percent in the Republic of Ingushetia in North Caucasus.

HNWIs in Russia

Approximately 0.2 percent of Russian adults, or 246 thousand residents, owned over one million U.S. dollars, or were referred to as high-net-worth-individuals (HNWIs). As of mid-2019, the total wealth of the adult population in the country exceeded three trillion U.S. dollars. A significant portion of it belonged to roughly 100 people in the country, who were U.S. dollar billionaires.

Number of adults in Russia in 2019, by wealth range

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Source

Release date

October 2019

Region

Russia

Survey time period

2019

Age group

20 years and older

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