Worlds wealthiest 26 billionaires hold same as 3.8B people

Discussion in 'Economics & Trade' started by Quadhole, Jan 23, 2019.

  1. Quadhole

    Quadhole Well-Known Member

    Nov 30, 2016
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    This shows just how ridiculous things have advanced for THEM only. I am sure they hardly work each day. Yes, they earned money, built a mountain of money and at some point put it all to work taking YOUR money. So, like the guys here posting against a higher tax on the rich would say, let it continue until they have all the money and we have ZERO. What a joke some of the people here are to post drivel !

    A new report strategically timed for release with the start of the World Economic Forum boondoggle at Davos, shows that the world's 26 richest billionaires now own as many assets as the 3.8 billion people who make up the poorest half of the world's population.

    The report titled "Public Good or Private Wealth," found that top world's 26 richest billionaires now hold as much wealth as the bottom half of the world's population, some 3.8 billion people. That number was 43 in 2017 and 61 in 2016. According to the Guardian, the report also found that in the 10 years since the financial crisis, the number of billionaires has almost doubled. It also found that between 2017 and 2018, a new billionaire was created every two days.

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