(Isaac Davis) A recent report by Oxfam International highlights the dramatic rise in income inequality by noting that the combined wealth of the world’s top 8 individual billionaires is more than the lower half of the world’s population, some 3.6 billion people. The intention of the report was to bring awareness to the unfairness and injustice inherent in our global economic system.
The House of Rothschild, the richest family in the world, controls more wealth than the world’s top 8 individual billionaires combined – and even more shockingly, more wealth than 75% of the total world population. A recent report by Oxfam International highlights the dramatic rise in income equality by noting that the combined wealth of the world’s…
(Melissa Dykes) In what Forbes is ingratiatingly referring to as “the most glorious economic event of our lifetimes,” we’re now to a point that just eight men own as much wealth as 3.6 billion other people on the planet do.Read more »
Here’s How Much Money the World’s 10 Richest People Made in 2016
While Warren Buffett did best of all the richest people in 2016, he was far from alone.
The biggest fortunes on the planet whipsawed through $4.8 trillion of daily net worth gyrations in 2016.
The volatility — triggered by disappointing economic data from China at the start of the year, the U.K.’s vote to leave the European Union in the middle and the election of billionaire Donald Trump at the end — didn’t prevent the richest from getting richer.
Their fortunes rose 5.7 percent for the year at the close of trading on Dec. 27, or some $237 billion, according to the Bloomberg Billionaires Index.