Sunday, August 5, 2018

interesting live site at Forbes which tracks the "performance" of the ultra rich.

Originally shared by Jamez Frondeskias

interesting live site at Forbes which tracks the "performance" of the ultra rich. Tells you how much they have made or lost in the last 24 hours. It also gives you "static" rankings - where they stand as-is.

Interestingly, the 3 youngest billionaires - 2 at $1.4 billion and 1 at $3 billion - are all from Norway, the oldest from Singapore [99 years old] at $2.1 billion.

There are 2,208 billionaires at present.

The sad thing to all this?

A record 357 new billionaires were minted last year as the already very wealthy saw their combined fortunes soar to an all-time high of $9.2 trillion (£6.8 trillion) - more than three times the UK’s gross domestic product.

source: https://www.theguardian.com/business/2018/may/15/number-of-billionaires-worldwide-wealth-x-census

To put these figures into something we can all understand.

1 million = 1,000,000
1 billion = 1,000,000,000
1 trillion = 1,000,000,000,000 or 1 million million [US style of numbering]

At the other end of the scale:

approximately 793 million people are starving around the world, according to the U.N. That makes up about 11 percent of the population. Of the 793 million, more than 100 million suffer from severe malnutrition and risk starving to death. Of the 793 million, 780 million, or 98 percent, inhabit developing countries. One million children under the age of five die from malnourishment each year, comprising 45 percent of all child deaths up to age five.

https://borgenproject.org/how-many-people-are-starving-around-the-world/

Need I define greed in another way for you other than what is above?

1% Global Wealth Tax for anyone worth over $1 billion? Am pretty sure their "loss" will be recovered through tax breaks in the country they are in.

https://www.forbes.com/billionaires/list/#version:realtime

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