- 22 richest men in the world have more wealth than all the women in Africa.
- Women and girls together put in 12.5 billion hours of unpaid care work every day – A contribution to the global economy of at least $10.8 trillion every year.
- If we convince the richest 1% to pay just 0.5% extra tax on their wealth over the next 10 years, the amount would be equal to the investment needed to generate 117 million jobs in sectors like childcare, education, and health.
While we keep rolling out which business tycoon becomes a billionaire and what is their net worth. Here we are with another interesting fact about our billionaires worldwide.
2153 of the world’s top billionaires have more wealth than 4.6 billion people who make up 60% of the earth’s population. A report rolled out by Oxfam today, in Davos, Switzerland.
Oxfam India CEO Amitabh Behar, who is in Davos to represent the Oxfam confederation this year said: “The gap between rich and poor can’t be resolved without deliberate inequality-busting policies, and too few governments are committed to these.”
If we talk about Worlds top 3 billionaires, they have a total of $231 billion over the past decade, according to data compiled by Bloomberg.
Facebook CEO – Mark Zuckerberg (5th richest person) witnessed the highest boos last year, with a net gain of about $6 billion.
Amazon.com Inc CEO Jeff Bezos retains the top spot with a net worth of around $116 billion. The total wealth of 20 top billionaires has doubled since 2012 (From $672 billion to $1397 billion) according to another data compiled by Bloomberg Wealth.
And here is the showstopper:
If an individual who saved $10000 every day since the construction of Egypt’s pyramids would still only have 5th of the average fortune of the world’s top 5.
Really?
Well, this is what data and several compilations tell! But critics have dismissed the headline inequality statistics is misleading and suggest that they drastically overstate the scale of the problem.
“Our broken economies are lining the pockets of billionaires and big business at the expense of ordinary men and women. No wonder people are starting to question whether billionaires should even exist,” Behar said.
Conclusion:
We have been using platforms provided by business tycoons, from Facebook to shopping delivery app and contribute to making rich people richer.
Even after so much philanthropy done by our billionaires, the world still needs more of it. Poverty seems to be a never-ending issue, while unemployment keeps coming back from time to time.
In all the cobwebs of problems and issues, the world’s billionaires have contributed a lot towards resolving these issues (the reason might be any).
