Posts Tagged ‘Carlos Slim Helu’
World’s 8 richest people, with $426bn in wealth, have same wealth as the 3.8 billion poorest 50%?
Posted by: adonis49 on: January 18, 2017
World’s eight richest people have same wealth as poorest 50%
Bill Gates, Amancio Ortega (Spanish fashion chain Zara), Warren Buffett, Carlos Slim Helú, Jeff Bezos, Mark Zuckerberg, Larry Ellison and Michael Bloomberg
The world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population, according to a charity warning of an ever-increasing and dangerous concentration of wealth.
In a report published to coincide with the start of the week-long World Economic Forum in Davos, Switzerland, Oxfam said it was “beyond grotesque” that a handful of rich men headed by the Microsoft founder Bill Gates are worth $426bn (£350bn), equivalent to the wealth of 3.6 billion people.
The development charity called for a new economic model to reverse an inequality trend that it said helped to explain Brexit and Donald Trump’s victory in the US presidential election.
Oxfam blamed rising inequality on aggressive wage restraint, tax dodging and the squeezing of producers by companies, adding that businesses were too focused on delivering ever-higher returns to wealthy owners and top executives.
The World Economic Forum (WEF) said last week that rising inequality and social polarisation posed two of the biggest risks to the global economy in 2017 and could result in the rolling back of globalisation.
Oxfam said the world’s poorest 50% owned the same in assets as the $426bn owned by a group headed by Gates, Amancio Ortega, the founder of the Spanish fashion chain Zara, and Warren Buffett, the renowned investor and chief executive of Berkshire Hathaway.
The others are Carlos Slim Helú: the Mexican telecoms tycoon and owner of conglomerate Grupo Carso; Jeff Bezos: the founder of Amazon; Mark Zuckerberg: the founder of Facebook; Larry Ellison, chief executive of US tech firm Oracle; and Michael Bloomberg; a former mayor of New York and founder and owner of the Bloomberg news and financial information service.
Last year, Oxfam said the world’s 62 richest billionaires were as wealthy as half the world’s population.
However, the number has dropped to eight in 2017 because new information shows that poverty in China and India is worse than previously thought, making the bottom 50% even worse off and widening the gap between rich and poor.
With members of the forum due to arrive on Monday in Switzerland, where guests will range from the Chinese president Xi Jinping, to pop star Shakira, the WEF released its own inclusive growth and development report in which it said median income had fallen by an average of 2.4% between 2008 and 2013 across 26 advanced nations.
Norway, Luxembourg, Switzerland, Iceland and Denmark filled the top five places in the WEF’s inclusive development index, with Britain 21st and the US 23rd.
The body that organises the Davos event said rising inequality was not an “iron law of capitalism”, but a matter of making the right policy choices.
The WEF report found that 51% of the 103 countries for which data was available saw their inclusive development index scores decline over the past five years, “attesting to the legitimacy of public concern and the challenge facing policymakers regarding the difficulty of translating economic growth into broad social progress”.
Basing its research on the Forbes rich list and data provided by investment bank Credit Suisse, Oxfam said
the vast majority of people in the bottom half of the world’s population were facing a daily struggle to survive, with 70% of them living in low-income countries.
It was four years since the WEF had first identified inequality as a threat to social stability, but that the gap between rich and poor has continued to widen, Oxfam added.
“From Brexit to the success of Donald Trump’s presidential campaign, a worrying rise in racism and the widespread disillusionment with mainstream politics, there are increasing signs that more and more people in rich countries are no longer willing to tolerate the status quo,” the report said.
The charity said new information had shown that poor people in China and India owned even fewer assets than previously thought, making the wealth gap more pronounced than it thought a year ago, when it announced that 62 billionaires owned the same wealth as the poorest half of the global population.
Mark Goldring, chief executive of Oxfam GB, said: “This year’s snapshot of inequality is clearer, more accurate and more shocking than ever before. It is beyond grotesque that a group of men who could easily fit in a single golf buggy own more than the poorest half of humanity.
“While one in nine people on the planet will go to bed hungry tonight, a small handful of billionaires have so much wealth they would need several lifetimes to spend it. The fact that a super-rich elite are able to prosper at the expense of the rest of us at home and overseas shows how warped our economy has become.”
Mark Littlewood, director general at the Institute of Economic Affairs think-tank, said:
“Once again Oxfam have come out with a report that demonises capitalism, conveniently skimming over the fact that free markets have helped over 100 million people rise out of poverty in the last year alone.”
The Oxfam report added that since 2015 the richest 1% has owned more wealth than the rest of the planet.
It said that over the next 20 years, 500 people will hand over $2.1tn to their heirs – a sum larger than the annual GDP of India, a country with 1.3 billion people.
Between 1988 and 2011 the incomes of the poorest 10% increased by just $65, while the incomes of the richest 1% grew by $11,800 – 182 times as much.
Oxfam called for fundamental change to ensure that economies worked for everyone, not just “a privileged few”.
Note: Wealthiest 62 persons own half the global wealth or $3.6 trillion
1% of the richest own 99%o of global wealth or $7.6 trillion.
Question 1: what the wealth of the 62 person represents to the 1% richest?
Question 2: How many of the 62 families represent of the number of multinational companies?
Richest person ever: Emperor Mansa Musa, Timbuktu, Mali, and the next richest in history
Posted by: adonis49 on: May 21, 2015
Richest person ever: Mansa Musa, Timbuktu, Mali, and the next richest in history
You surely heard of Mansa Musa, the richest person ever.
The 14th century emperor from West Africa was worth a staggering $400 billion, after adjusting for inflation, as calculated by Celebrity Net Worth.
To put that number into perspective — if that’s even possible — Net Worth’s calculations mean Musa’s fortune far outstrips that of the current world’s richest man Carlos Slim Helu and the other rich people combined.
According to Forbes, the Mexican telecom giant’s net worth is $69 billion.
Slim edges out the world’s second wealthiest man, Bill Gates, who is worth $61 billion, according to Forbes.
Mansa Musa Of Mali Named World’s Richest Man Of All Time;
Gates And Buffet Also Make List
Some of the oldest fortunes in question date back 1,000 years.
No. 7 on the list, for example, is William the Conqueror.
The illegitimate son of the Duke of Normandy, William lived between 1028-1087 and gained infamy for invading and seizing England in 1066.
According to the Encyclopaedia Britannica, when Musa died sometime in the 1330s, he left behind an empire filled with palaces and mosques, some of which still stand today.
But the emperor really turned historic heads for the over-the-top extravagances of his 1324 pilgrimage to Mecca. (Mecca royal family must have reaped wealth due to these pilgrimage?)
The trip, which he embarked up on during the 17th year of the monarch’s glittering reign, was hosted by the leaders of both Mecca and Cairo and apparently was so brilliant, it “almost put Africa’s sun to shame.”
Musa’s wealth was a result of his country’s vast natural resources. The West African nation was responsible for more than half of the world’s salt and gold supply, according to Net Worth.
Of course, the entry also notes that the fortune was also fleeting. Just two generations later, his net worth was gone — wasted away by invaders and infighting.
As The Independent points out, while the numbers bandied about by this newest list are shocking, many aspects of the run-down aren’t surprising: there are no women included, for example, and only three of the richest men are still alive today.
Americans dominate the list, however, taking 14 of the 26 spots, including slots two and three. (In just 2 centuries?)
The “poorest” man on the list is Warren Buffet, who had a peak net worth of $64 billion. Buffet, a noted philanthropist, has since given billions of his fortune away, and Forbes now lists his net worth at closer to $44 billion.
Try to add up the net worth of the Rothschild family below and this family has amassed worth trillion from wars in Europe, USA and the rest of the world. They also own the Federal reserve bank.
Meet Mansa Musa, one of the wealthiest people in history:

Click through below for the 26 Richest Men Ever:

Estimated worth: $400 billion
Estimated worth: $350 billion (Pictured: Nathan Mayer Rothschild)
Estimated worth: $340 billion
Estimated Worth: $310 billion
Estimated worth: $300 billion
Estimated worth: $236 billion
Estimated worth: $229.5 billion
Estimated worth: $200 billion
Estimated worth: $199 billion
Estimated worth: $185 billion
Estimated worth: $178.65 billion
Estimated worth: $136 billion
Estimated worth: $146.13 billion (Pictured: St Peter’s Church in Ardingly, UK believed to have been established by the family of William de Warenne)
Estimated worth: $121 billion
Estimated worth: $118.6 billion (Pictured: Richard Fitzalan, 10th Earl of Arundel and his countess Eleanor)
Estimated worth: $110 billion (Pictured: Tomb of John of Gaunt and Blanche of Lancaster)
Estimated worth: $105 billion
Estimated worth: $90 billion
Estimated worth: $85.1 billion
Estimated worth: $80 billion
And the rest:
21. Jay Gould (railroad tycoon, 1836-1892) $71 billion
22. Carlos Slim (business magnate, 1940- ) $68 billion
23. Stephen Van Rensselaer (land owner, 1764- 1839) $68 billion
24. Marshall Field (Marshall Field & Company founder, 1834-1906) $66 billion
25. Sam Walton (Walmart founder, 1918-1992) $65 billion
26. Warren Buffett (investor, 1930- ) $64 billion
Current list of Billionaires
A few facts:
70% of Saudi wealth is in the hands of its billionaires, versus 24% in the Gulf Emirates
Ankara, the Capital of Turkey, has the most number of millionaires, about 45,000
London has the most concentration of wealthy people, tackled by New York
Apparently, Bill Gates overtook Carlos Slim Helu this year. What Gates did to increase his wealth for about $10 bn in a single year?
Rank | Name | Net Worth | Age | Source | Country of Citizenship |
---|---|---|---|---|---|
1 | ![]() Carlos Slim Helu & family |
$73 B | 73 | telecom | Mexico |
2 | ![]() Bill Gates |
$67 B | 58 | Microsoft | United States |
3 | ![]() Amancio Ortega |
$57 B | 77 | Zara | Spain |
4 | ![]() Warren Buffett |
$53.5 B | 83 | Berkshire Hathaway | United States |
5 | ![]() Larry Ellison |
$43 B | 69 | Oracle | United States |
6 | ![]() Charles Koch |
$34 B | 78 | diversified | United States |
6 | ![]() David Koch |
$34 B | 73 | diversified | United States |
8 | ![]() Li Ka-shing |
$31 B | 85 | diversified | Hong Kong |
9 | ![]() Liliane Bettencourt & family |
$30 B | 91 | L’Oreal | France |
10 | ![]() Bernard Arnault & family |
$29 B | 64 | LVMH | France |
11 | ![]() Christy Walton & family |
$28.2 B | 59 | Wal-Mart | United States |
12 | ![]() Stefan Persson |
$28 B | 66 | H&M | Sweden |
13 | ![]() Michael Bloomberg |
$27 B | 71 | Bloomberg LP | United States |
14 | ![]() Jim Walton |
$26.7 B | 66 | Wal-Mart | United States |
15 | ![]() Sheldon Adelson |
$26.5 B | 80 | casinos | United States |
16 | ![]() Alice Walton |
$26.3 B | 64 | Wal-Mart | United States |
17 | ![]() S. Robson Walton |
$26.1 B | 70 | Wal-Mart | United States |
18 | ![]() Karl Albrecht |
$26 B | 93 | Aldi | Germany |
19 | ![]() Jeff Bezos |
$25.2 B | 50 | Amazon.com | United States |
20 | ![]() Larry Page |
$23 B | 40 | United States | |
21 | ![]() Sergey Brin |
$22.8 B | 40 | United States | |
22 | ![]() Mukesh Ambani |
$21.5 B | 56 | petrochemicals, oil & gas | India |
23 | ![]() Michele Ferrero & family |
$20.4 B | 88 | chocolates | Italy |
24 | ![]() Lee Shau Kee |
$20.3 B | 85 | diversified | Hong Kong |
24 | ![]() David Thomson & family |
$20.3 B | 56 | media | Canada |
26 | ![]() Prince Alwaleed Bin Talal Alsaud |
$20 B | 58 | investments | Saudi Arabia |
26 | ![]() Carl Icahn |
$20 B | 77 | leveraged buyouts | United States |
26 | ![]() Thomas & Raymond Kwok & family |
$20 B | – | real estate | Hong Kong |
29 | ![]() Dieter Schwarz |
$19.5 B | 74 | retail | Germany |
30 | ![]() George Soros |
$19.2 B | 83 | hedge funds | United States |
31 | ![]() Theo Albrecht, Jr. & family |
$18.9 B | 63 | Aldi, Trader Joe’s | Germany |
32 | ![]() Alberto Bailleres Gonzalez & family |
$18.2 B | 82 | mining | Mexico |
33 | ![]() Jorge Paulo Lemann |
$17.8 B | 74 | beer | Brazil |
34 | ![]() Alisher Usmanov |
$17.6 B | 60 | steel, telecom, investments | Russia |
35 | ![]() Iris Fontbona & family |
$17.4 B | 71 | mining | Chile |
36 | ![]() Forrest Mars, Jr. |
$17 B | 82 | candy | United States |
36 | ![]() Jacqueline Mars |
$17 B | 74 | candy | United States |
36 | ![]() John Mars |
$17 B | 77 | candy | United States |
36 | ![]() Georgina Rinehart |
$17 B | 59 | mining | Australia |
40 | ![]() German Larrea Mota Velasco & family |
$16.7 B | 60 | mining | Mexico |
41 | ![]() Mikhail Fridman |
$16.5 B | 49 | oil, banking, telecom | Russia |
41 | ![]() Lakshmi Mittal |
$16.5 B | 63 | steel | India |
43 | ![]() Aliko Dangote |
$16.1 B | 56 | cement, sugar, flour | Nigeria |
44 | ![]() Len Blavatnik |
$16 B | 56 | diversified | United States |
44 | ![]() Cheng Yu-tung |
$16 B | 88 | diversified | Hong Kong |
46 | ![]() Joseph Safra |
$15.9 B | 75 | banking | Brazil |
47 | ![]() Rinat Akhmetov |
$15.4 B | 47 | steel, coal | Ukraine |
47 | ![]() Leonid Mikhelson |
$15.4 B | 58 | gas, chemicals | Russia |
49 | ![]() Leonardo Del Vecchio |
$15.3 B | 78 | eyeglasses | Italy |
49 | ![]() Michael Dell |
$15.3 B | 48 | Dell | United States |
51 | ![]() Steve Ballmer |
$15.2 B | 57 | Microsoft | United States |
52 | ![]() Viktor Vekselberg |
$15.1 B | 56 | oil, metals | Russia |
53 | ![]() Paul Allen |
$15 B | 60 | Microsoft, investments | United States |
53 | ![]() Francois Pinault & family |
$15 B | 77 | retail | France |
55 | ![]() Vagit Alekperov |
$14.8 B | 63 | Lukoil | Russia |
56 | ![]() Phil Knight |
$14.4 B | 75 | Nike | United States |
56 | ![]() Andrey Melnichenko |
$14.4 B | 41 | coal, fertilizers | Russia |
58 | ![]() Dhanin Chearavanont & family |
$14.3 B | 74 | food | Thailand |
58 | ![]() Susanne Klatten |
$14.3 B | 51 | BMW, pharmaceuticals | Germany |
58 | ![]() Vladimir Potanin |
$14.3 B | 53 | metals | Russia |
61 | ![]() Michael Otto & family |
$14.2 B | 70 | retail, real estate | Germany |
62 | ![]() Vladimir Lisin |
$14.1 B | 57 | steel, transport | Russia |
62 | ![]() Gennady Timchenko |
$14.1 B | 61 | oil & gas | Russia |
64 | ![]() Luis Carlos Sarmiento |
$13.9 B | 80 | banking | Colombia |
65 | ![]() Mohammed Al Amoudi |
$13.5 B | 69 | oil, diversified | Saudi Arabia |
66 | ![]() Tadashi Yanai & family |
$13.3 B | 64 | retail | Japan |
66 | ![]() Mark Zuckerberg |
$13.3 B | 29 | United States | |
68 | ![]() Henry Sy & family |
$13.2 B | 89 | diversified | Philippines |
69 | ![]() Donald Bren |
$13 B | 81 | real estate | United States |
69 | ![]() Serge Dassault & family |
$13 B | 88 | aviation | France |
69 | ![]() Lee Kun-Hee |
$13 B | 72 | Samsung | South Korea |
69 | ![]() Mikhail Prokhorov |
$13 B | 48 | investments | Russia |
73 | ![]() Alexey Mordashov |
$12.8 B | 48 | steel, investments | Russia |
74 | ![]() Antonio Ermirio de Moraes & family |
$12.7 B | 85 | diversified | Brazil |
74 | ![]() Abigail Johnson |
$12.7 B | 52 | money management | United States |
76 | ![]() Ray Dalio |
$12.5 B | 64 | hedge funds | United States |
76 | ![]() Robert Kuok |
$12.5 B | 90 | diversified | Malaysia |
78 | ![]() Miuccia Prada |
$12.4 B | 64 | Prada | Italy |
79 | ![]() Ronald Perelman |
$12.2 B | 71 | leveraged buyouts | United States |
80 | ![]() Anne Cox Chambers |
$12 B | 94 | media | United States |
81 | ![]() Stefan Quandt |
$11.9 B | 47 | BMW | Germany |
82 | ![]() Ananda Krishnan |
$11.7 B | 75 | telecoms | Malaysia |
82 | ![]() Alejandro Santo Domingo Davila |
$11.7 B | 36 | beer | Colombia |
82 | ![]() James Simons |
$11.7 B | 75 | hedge funds | United States |
82 | ![]() Charoen Sirivadhanabhakdi |
$11.7 B | 69 | drinks | Thailand |
86 | ![]() Zong Qinghou |
$11.6 B | 68 | beverages | China |
87 | ![]() Dirce Navarro De Camargo & family |
$11.5 B | – | construction | Brazil |
87 | ![]() John Fredriksen |
$11.5 B | 68 | shipping | Cyprus |
89 | ![]() Gerald Cavendish Grosvenor & family |
$11.4 B | 62 | real estate | United Kingdom |
90 | ![]() Harold Hamm |
$11.3 B | 68 | oil & gas | United States |
91 | ![]() Rupert Murdoch & family |
$11.2 B | 82 | News Corp | United States |
91 | ![]() John Paulson |
$11.2 B | 58 | hedge funds | United States |
91 | ![]() Azim Premji |
$11.2 B | 68 | software | India |
94 | ![]() Ernesto Bertarelli & family |
$11 B | 48 | biotech, investments | Switzerland |
94 | ![]() Charlene de Carvalho-Heineken |
$11 B | 59 | Heineken | Netherlands |
94 | ![]() Hans Rausing |
$11 B | 87 | packaging | Sweden |
94 | ![]() Jack Taylor & family |
$11 B | 91 | Enterprise Rent-A-Car | United States |
98 | ![]() Lui Che Woo |
$10.7 B | 84 | gaming | Hong Kong |
98 | ![]() Laurene Powell Jobs & family |
$10.7 B | 50 | Apple, Disney | United States |
100 | ![]() Eike Batista |
$10.6 B | 57 | mining, oil | Brazil |