8 richest men = 1/2 world population wealth

Forums:

"Just eight individuals, all men, own as much wealth as the poorest half of the world's population....

The eight individuals named in the report are Gates, Inditex founder Amancio Ortega, veteran investor Warren Buffett, Mexico's Carlos Slim, Amazon boss Jeff Bezos, Facebook's Mark Zuckerberg, Oracle's Larry Ellison and former New York City mayor Michael Bloomberg."

http://www.reuters.com/article/us-davos-meeting-inequality-idUSKBN150009...

i think we can do better.... i think that 4 of them could hold even more, if they would just try a bit more...

I will hold any surplus capital in my secure vault.

image_189.jpg...

you see 8 richest men, i see 8 slackers who need to whoop it up a bit more...

Historically, maybe this has always been true.  I can imagine a combo of King of this, Emperor of that, Pharoh of where-ever....could be as rich as half the world's population at lots of points in time. Assuming wealth was measured in gold, armaments, fancy chariots, and Super-VIP pit seats at Fare Thee Well Gladiator Arena.

Since, according to the article, the circle of ultra rich keeps getting smaller, when will just ONE guy be richer than ALL the rest of the world...and what happens then?

These guys are doing it outside in cold temps, I think. 

Crazy! 

image_190.jpg

^^^^ewwww... they are making genital soup...

tastes like teabag... frown

lol, slacker. Quality stuff.

 >>>>>will just ONE guy be richer than ALL the rest of the world...and what happens then?

 

His life expectancy will drop like a stone.

Who is carlos slim?

How is your life poorer if this is actually true?

I don't think I read that anyone said their life is poorer because of it, Thom.

How is your life richer if this is actually true?

Capitalism saves lives

 

Fact.

I think Alan R is correct. What's different?

Do you think they eat pizza with a fork and knife?

They start in the 11 century..... (the article is dated 2014)

THE RICHEST PEOPLE BY CENTURY

http://www.todayifoundout.com/index.php/2014/12/richest-people-century/

"18th century

Stephen Girard – Worth approximately $105 billion

This was a tough century because several moguls amassed their wealth in the 18th century, but continued to accumulate into the 19th century. The French-born, naturalized American who personally underwrote and saved America from financial collapse during the War of 1812 seems as a good of a choice as any. He owned many ships and fleets, making him responsible for most of the trade that came into the major of ports of late 18th century America. Considered the fourth-richest American ever, he had no children and left much of his money to his adopted hometown of Philadelphia.

19th century

The Rothschild family – Worth approximately $350 billion

As a family of London-based bankers, this fortune can not be attributed to one person (though Nathan Mayer was the wealthiest of the four original brothers). It all began with them helping to finance the Napoleonic Wars (1803-1815), which led to their first billion. From that point on, they (combined) likely amassed the largest private fortune in modern history. This dynasty continues to this day in Europe with valuable real estate and energy investments, with some economists believing the Rothschild family wealth actually totals one trillion dollars combined.

20th century

John D. Rockefeller – Worth approximately $340 billion

As the 19th century turned into the 20th century, the greatest commodity in the world wasn’t land or people or harems, but oil. And J.D. Rockefeller was an oil man who reaped the rewards of it. He is generally considered to have been around the third richest man ever (when normalizing for inflation).  As the head of Standard Oil, there was a point where he oversaw over ninety percent of the world’s oil production. If that wasn’t enough, in 1911, when the Sherman Antitrust Act broke up Standard Oil into 34 separate companies, Rockefeller actually made an extra $900 million. All in a rich guy’s day of work.

21st century

Muammar Gaddafi – Worth approximately $200 billion

We are only 14 years into the century, but the richest person of the 21st century is considered to be about the eighth richest person in all of history, give or take. And it isn’t Bill Gates or Warren Buffett. Libyan dictator Muammar Gaddafi ruled over an oil rich country for 34 years before being ousted and, then, killed. Upon his death, much to the surprise of many, billions upon billions of dollars were found in various accounts of his across the globe. In the few years since his death, so far nearly $200 billion dollars have been found in secret bank accounts, real estate holdings, and other investments. No matter whether he acquired it legally or not, money is money and Gaddafi secretly had the most of any known person so far this century."

>>Who is carlos slim?

A really rich Mexican of Arab descent who has his fingers in everything:

https://en.wikipedia.org/wiki/Carlos_Slim

Worth $56 billion and the second richest dude in the world

Had no idea that Gaddafi was the richest guy in the world until he got the ole knife up the bunghole.

gadaffi was a reptile.

Had no idea that Gaddafi was the richest guy in the world until he got the ole knife up the bunghole.

 

That's what happens when the exchequer and the privy purse aren't separated.

After stealing most of Russia Putin is now estimated at about $200 billion.