tl;dr there’s an actual issue but this statistic is shoehorned

This has been easily shot down in other threads on reddit. There is a problem with over the top wealth, but this statistics interpretation and apprehension is not right. It’s not about the pooled together global wealth, it’s about the buying power of money in each specific economical region. Ukraine for instance $100 dollars has the approximate value of $200+. (Very rough estimate)

In the same vain people in Norway and Iceland should be incredibly rich, so why are they generally living in normal apartments and living very similarly to people in for instance UK?

Because $$ has a different value.

^{Am I getting banned now?}