The 80 richest people who have as much money as the poorer half of humanity

Are the rich really getting richer and the poor getting poorer? This vague statement seems to be confirmed by a study by the international aid organization Oxfam. And not only that. The paper published in January 2015 called “Wealth: Having it all and wanting more” concludes: The 80 richest people in the world collectively have as much money as the poorer half of humanity. Alert as we think!

The gap between rich and poor

“We did not create this study to shock,” explains Oxfam employee Ricardo Fuentes-Nieva on the Oxfam blog. According to Fuentes-Nieva, the concentration of global prosperity is shocking and points to a trend that has been observed since the 1980s. In recent years in particular, the gap between rich and poor has widened alarmingly. In 2014, the richest 1 percent of the world’s population owned 48 percent of global wealth. If the trend continues, this 1 percent could already dispose of more than 50 percent of global resources in 2016.


Shifting wealth

Alarming distribution of wealth between rich and poor

The study owes its data to the Forbes list of the richest people in the world in 2014 as well as the latest “Global Wealth Databook” reports from the Swiss bank Credit Suisse. It is not just the gaping relationships that are striking, but the speed with which they are moving away from each other. The 80 richest people in the world doubled their fortunes between 2009 and 2014. In total, it comes to $ 1.9 trillion. That corresponds to the sum that the poorer 50 percent of the world’s population – 3.6 billion people – have at their disposal.

Millions for the lobby

There are primarily two sectors that generate wealth: on the one hand the finance and insurance sector, on the other hand pharmaceuticals and healthcare. The Oxfam report shows where some of the money goes. In 2013, the US financial sector invested over $ 400 million in lobbying, while lobbyists in the EU put it into 150 million dollars a year. The pharmaceutical and health industries in the USA invested almost 490 million dollars in lobbying in 2013, and at least 50 million dollars every year in the EU countries. Regardless of these sums, a humanitarian crisis of global proportions began in 2014 with the Ebola epidemic. Oxfam reveals how small the research contributions were compared to the investment motivated by lobbying.

Consequences

What are the consequences of this survey? Oxfam has compiled a list of 9 recommendations to governments, institutions and companies that not only curb redistribution from the bottom up, but also promote global justice. In addition to appropriate taxation of corporations and assets, worldwide, free access to education and health care is required. Further demands: minimum wages, minimum wages and gender equitable pay.

It remains to be seen whether this advice will be heard by the placeholders on the Forbes list. After all: Bill Gates is topped the list by an entrepreneur who has also made a name for himself as a philanthropist. The Bill & Melinda Gates Foundation, founded together with his wife, manages a foundation capital of over 36 billion dollars, with a focus on agricultural and medical projects.

And these are the 80 richest people in the world according to Forbes 2014:

rank Surname Assets 2014 (billion) country Self-made sector
1 Bill Gates $ 76 USA & check; Tech
2 Carlos Slim Helu $ 72 Mexico & check; Telecom
3 Amancio OrtegaAmancio Ortega $ 64 Spain & check; trade
4th Warren Buffett $ 58 USA & check; Financial
5 Larry EllisonLarry Ellison $ 48 USA & check; Tech
6th Charles Koch $ 40 USA & cross; Different
7th David Koch $ 40 USA & cross; Different
8th Sheldon Adelson $ 38 USA & check; entertainment
9 Christy Walton $ 37 USA & cross; trade
10 Jim Walton $ 35 USA & cross; trade
11 Liliane Bettencourt $ 35 France & cross; Cosmetics
12th Stefan Persson $ 34 Sweden & cross; trade
13th Alice Walton $ 34 USA & cross; trade
14th S. Robson Walton $ 34 USA & cross; trade
15th Bernard Arnault $ 34 France & cross; Luxury item
16 Michael Bloomberg $ 33 USA & check; Financial
17th Larry Page $ 32 USA & check; Tech
18th Jeff Bezos $ 32 USA & check; trade
19th Sergey Brin $ 32 USA & check; Tech
20th Li Ka-shing $ 31 Hong Kong & check; Different
21 Mark Zuckerberg $ 29 USA & check; Tech
22nd Michele Ferrero $ 27 Italy & cross; Food
23 Aliko Dangote $ 25 Nigeria & check; Different
24 Karl Albrecht $ 25 Germany & check; trade
25th Carl Icahn $ 25 USA & check; Financial
26th George Soros $ 23 USA & check; Financial
27 David Thomson $ 23 Canada & cross; media
28 Lui Che Woo $ 22 Hong Kong & check; entertainment
29 Dieter Schwarz $ 21 Germany & cross; trade
30th Alwaleed Bin Talal Alsaud $ 20 Saudi Arabia & check; Financial
31 Forrest Mars Jr. $ 20 USA & cross; Food
32 Jacqueline Mars $ 20 USA & cross; Food
33 John Mars $ 20 USA & cross; Food
34 Jorge Paulo Lemann $ 20 Brazil & check; Financial
35 Lee Shau Kee $ 20 Hong Kong & check; Different
36 Steve Ballmer $ 19 USA & check; Tech
37 Theo Albrecht Jr. $ 19 Germany & cross; trade
38 Leonardo Del Vecchio $ 19 Italy & check; Luxury item
39 Len Blavatnik $ 19 USA & check; Different
40 Alisher Usmanov $ 19 Russia & check; Different
41 Mukesh Ambani $ 19 India & cross; Different
42 Masayoshi Son $ 18 Japan & check; Telecom
43 Michael Otto $ 18 Germany & cross; trade
44 Phil Knight $ 18 USA & check; trade
45 Tadashi Yanai $ 18 Japan & check; trade
46 Gina Rinehart $ 18 Australia & cross; Different
47 Mikhail Fridman $ 18 Russia & check; Different
48 Michael Dell $ 18 USA & check; Tech
49 Susanne Klatten $ 17 Germany & cross; cars
50 Abigail Johnson $ 17 USA & cross; Financial
51 Viktor Vekselberg $ 17 Russia & check; Metal industry
52 Lakshmi Mittal $ 17 India & cross; Metal industry
53 Vladimir Lisin $ 17 Russia & check; transport
54 Cheng Yu-tung $ 16 Hong Kong & check; Different
55 Joseph Safra $ 16 Brazil & check; Financial
56 Paul Allen $ 16 USA & check; Tech
57 Leonid Mikhelson $ 16 Russia & check; Different
58 Anne Cox Chambers $ 16 USA & cross; media
59 Francois Pinault $ 16 France & check; trade
60 Iris Fontbona $ 16 Chile & cross; Different
61 Azim Premji $ 15 India & cross; Tech
62 Mohammed Al Amoudi $ 15 Saudi Arabia & check; Different
63 Gennady Timchenko $ 15 Russia & check; Different
64 Wang Jianlin $ 15 China & check; Real estate
65 Charles Ergen $ 15 USA & check; Telecom
66 Stefan Quandt $ 15 Germany & cross; cars
67 Germ ?? n Larrea Mota-Velasco $ 15 Mexico & cross; Different
68 Harold Hamm $ 15 USA & check; Different
69 Ray Dalio $ 14 USA & check; Financial
70 Donald Bren $ 14 USA & check; Real estate
71 Georg Schaeffler $ 14 Germany & cross; Product
72 Luis Carlos Sarmiento $ 14 Colombia & check; Financial
73 Ronald Perelman $ 14 USA & check; Financial
74 Laurene Powell Jobs $ 14 USA & cross; entertainment
75 Serge Dassault $ 14 France & cross; aviation
76 John Fredriksen $ 14 Cyprus & check; transport
77 Vagit Alekperov $ 14 Russia & check; Different
78 John Paulson $ 14 USA & check; Financial
79 Rupert Murdoch $ 14 USA & check; media
80 Ma Huateng $ 13 China & check; Tech

Image sources:
© Markus Bormann – Fotolia.com

Sources:
Oxfam
Forbes


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Zeeshan

Writing has always been a big part of who I am. I love expressing my opinions in the form of written words and even though I may not be an expert in certain topics, I believe that I can form my words in ways that make the topic understandable to others. Conatct: zeeshant371@gmail.com

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