One percent of the richest Hungarians own a third of the total wealth

in Hungary, The richest Hungarians One percent owns more than a third of the total wealth, and the top ten percent owns half of the total wealth. There is no comparable concentration of wealth to that in Europe, in the latter list Hungary is ahead of only three Latin American countries (Chile, Mexico and Costa Rica), the United States and Turkey among the OECD member states. Free Europe. According to the newspaper, Lorenc Mizaros increased his wealth by 180 billion and that of Sandor Ksani by 190 billion in the past year.

A is also a prominent concentration of wealth on a global level World Inequality Database (WID) Statistics The WID database is based on data from the Household Finance and Consumption Survey (HFCS) coordinated by the European Central Bank. This survey is conducted every three years, the Hungarian National Bank announced that the Hungarian data collected at the end of 2020 Detailed analysis. According to the survey, about half of the wealth of families is owned by the richest ten percent. The main reason for this is that they have financial assets of great value, with securities concentrated among the upper classes of Hungarian society. Only two to three percent of households own stocks and investment certificates, sixty percent of financial assets and eighty percent of stocks and corporate shares are owned by the richest ten percent.

(In our featured photo: Featured photo: Left to right, big businessman Lőrinc Mészáros, Mol Zsolt Hernádi leader, Prime Minister Viktor Orbán, and OTP leader Sándor Csányi in the stands. Photo: MTI/Tibor Illyés)