Thursday, April 11, 2013

Some Rich Are Really Rich

Snow days let one catch up on minutia. The world has approximately 7 billion people. According to Gawker, the world is home to 1,426 billionaires, 442 from America. The world's billionaires have a net worth of $5.4 trillion.

To put those numbers in perspective, only the U.S., China, and Japan have a GDP higher than that $5.4 trillion. In fact, that total is greater than the 2012 GDP of England and France combined.

I realize accumulated wealth and production are two different things. Still, the fact that 1,426 people can buy everything produced in Germany last year and still have $2 trillion left, more than the GDP of Canada, is both fascinating and a little troubling.

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