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Notes -
No.
Wealth inequality is high, but it's not that high. There is no entity which controls anywhere near 1/3rd of the stock market.
I'm trying to think what the largest entity is. Perhaps the Norwegian Sovereign Wealth Fund? At $1.5 trillion, it controls maybe a couple tenths of a percentage of the world's wealth.
Blackrock and Vanguard (mentioned above) don't own much. They manage money. If I put $1 million in Vanguard they take maybe $500/year in fees. That $1 million is my money, not Vanguard's.
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