[nick0garvey]

Not a contradiction.

Imagine a pool of 100 people. The richest person has $100, everyone else has $1.

There's a total of $199, and the richest 1% have more than half the total wealth with $100.

I'm not saying this is the distribution of the real world, but that statement alone is not a contradiction.

[mimixco]

While disputed, here's the article[0] where I got those numbers (2016). It's definitely not 80/20.

[0]https://www.bbc.com/news/business-35339475