The wealth of the richest 62 people - February 07, 2016
Knowing how much money the richest have has always been an interesting topic. Now a new report proved that the richest 62 people are as wealthy as half the world. Let’s see the exact figures and other interesting facts.
Statista made a chart from the data collected by Oxfam. From this, it is plain that from the year 2000 the bottom 50% of the world (which is 3.5 billion people!) tripled its wealth, but they are also facing a loss in their fortune from 2010. In the meantime, the richest 62 people also earned money almost constantly since then and last year the two figures met.
It is also worth mentioning that the enrichment of the richest is happening faster than the growth of the poorest. In 2014, it took 80 of the wealthiest to have as much money as the poorest 50%, now it only takes 62 of them.
And where all this money is? It is hard to say precisely, but from another statistic it turned out that the US takes the lead in the number of millionaires. In America, there are 15.7 million of them. What is more, add up the next 14 countries behind the US and they would only barely catch up to the leader. On the other hand, China already took over the lead in the segment of billionaires: there are 596 billionaires, while in the US there are “only” 537 of them. One thing is for sure, though, the richest people have several investments, in companies that are traded on stock exchanges as well, and as the numbers show, it is a great idea to invest money in these ways.
Knowing that where this money actually located is another question. This same report mentions that $7.6 trillion is held offshore, which is more than the GDP of the UK and Germany combined. We already wrote about tax havens and about how this system works for the biggest companies of the world.
Altogether, many believe that this whole situation might be a pressing issue as the financial inequality widens. But at the same time, the middle class is constantly growing worldwide. In 2009, there were 1.8 billion people in the middle class, while in 2020 there will be an estimated 3.2 billion and 4.9 billion in 2030.