Posts Tagged ‘Richest Billionaires’

Eight people own as much as 3.6 billion do

March 14, 2017
Double click to enlarge

Double click to enlarge

This is old news, I guess, but worth keeping in mind.  In the years right before the French Revolution, did eight aristocrats own as much as the poorest 50 percent of the French peasants?

LINKS

Visualizing a Disturbing Truth: 8 Billionaires Own As Much as 3.6 Billion People for howmuch.   Explains who the eight billionaires are.

Income share for the bottom 50 percent of Americans is collapsing, new Piketty research finds by Steve Goldstein for MarketWatch.

Who are the richest billionaires?

September 1, 2012

Randall Munroe, creator of the web comic xkcd, is a great creator of infographics.  The chart above is a section of his new poster about money and its distribution.  The list of billionaires is from last year’s Forbes.  A lot of the names were unfamiliar to me, so I looked them up on Wikipedia.

Carlos Slim made his billions by buying the Mexican government telephone system at a bargain rate and jacking up phone rates.

Bill Gates, as almost everyone knows, is a founder of Microsoft.

Warren Buffett is an extremely successful investor/speculator in the stock market.

Bernard Arnault is a Frenchman who owns Louis Vuittron and other luxury goods companies.

Larry Ellison is founder of the Oracle software company.

Laksimi Mittai is CEO of the world’s largest steel company, which is based in India.

Amancio Ortega is a Spanish merchandiser of luxury clothing.

Eike Batista is a Brazilian mining and oil-and-gas magnate.

Mukesh Ambani is CEO of India’s Reliance Industries, who expanded the family textile business back into polyester fibers and then into the oil and gas industry.

Christy Walton is one of the heirs of Sam Walton, founder of the Wal-mart store chain.

(more…)