HWH Comment: There are currently 2,208 billionaires in the world today with a combined worth of 9.1 trillion dollars.
Acting on just the dollar amount and not the red tape and cost of liquidating the funds, put them in a large cash vat and equally divided 9.1 trillion dollars among every live human in the world (population 7.6 billion) how much would each person receive in a one-time payment?
1,197.00 (one thousand, one hundred nine-seven dollars)
If you stripped all these morally corrupt individuals of their wealth as punishment for hoarding power through cash and gave them the same 1,197.00 each, how much of a stimulus would 9.1 trillion dollars be to the world economy? Now we’re not making any adjustments here, like people always do, such as giving Africans less because the amount in US. dollars can buy more in many locations. None of that funny business to level the playing field even more.
In most countries it wouldn’t buy much.
It could give each person a hundred dollars a month to buy food for one year around the world. That’s it.
You know, if you keep leveling the playing field we’ll all be back living a step above the cave dwellers.
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Capitalism’s global conquest continues as entrepreneurs around the globe mint fortunes in everything from cryptocurrencies to telecom to bridal dresses. Forbes has pinned down a record 2,208 billionaires from 72 countries and territories including the first ever from Hungary and Zimbabwe.
This elite group is worth $9.1 trillion, up 18% since last year. Their average net worth is a record $4.1 billion. Americans lead the way with a record 585 billionaires, followed by mainland China with 373.
Centi-billionaire Jeff Bezos secures the list’s top spot for the first time, becoming the only person to appear in the Forbes ranks with a 12-figure fortune. Bezos’s fortune leapt more than $39 billion, the list’s biggest one-year gain ever. He moves ahead of Bill Gates, who is now number 2. It is the biggest gap between no. 1 and 2 since 2001.
Bernard Arnault, with a fortune of $72 billion, reclaims the title of richest European for the first time since 2012. There are 259 newcomers including the first ever cryptocurrency billionaires; two Canadians whose toy company is behind Hatchimals and PAW Patrol; two Americans who founded online retailer Wayfair; and a 35-year-old heiress who runs In-N-Out Burger.
Even in such a strong year, 121 dropped out due to falling fortunes or political headwinds, including all 10 Saudi Arabians. Click here for more on Forbes methodology, credits and acknowledgments.THE 2018 LIST…
FINISH READING: The World’s Billionaires 2018