2. Carlos Slim (Worth: 77.1 Billion)
Sometimes known as the “Warren Buffett of Mexico,” Carlos Slim gained his fame through having extensive investments and ownership in many Mexican Companies.
Slim is currently the chair of America Movil, Latin America’s premiere mobile phone carrier. This one company alone accounts for almost $50 billion of Slim’s net worth.
1. Bill Gates (Worth: 79.2 Billion)
The founder of Microsoft Corporation, a young Bill Gates once proclaimed to his university professors that he would be a millionaire by age 30.
By age 31, he was one of the youngest billionaires of all time.
Microsoft is the largest manufacturer in the world of software by revenue in the entire world, and perhaps the leading manufacturer of personal computers and consumer electronics. The company also holds a considerable stake in the video game industry with its series of Xbox consoles.
So now that we know how much each of the 10 richest people living in the entire world today has, let’s add the total wealth of these people together.
TOTAL WEALTH OF THE TEN RICHEST PEOPLE: 556 Billion Dollars.
556 billion dollars.
Now let that just sink in for a few minutes.
556 billion dollars is an incredible sum of money.
Earlier, I proclaimed that this figure is nearly 1% of the world’s entire money.
So, ten people own nearly one percent of the world’s money.
So how much money actually exists in the world?
That number is debatable, and no one source seems to ever be completely accurate or even claim to be completely accurate.
Some estimates I have read are as low as 50 trillion and as high as 241 trillion.
According to Gizmodo dot com, if you took all the free cash in the world as well as CDs, savings accounts, and retirement and investment accounts, the number is around $60 trillion.
If you do the math, 556 billion is approximately .93 percent of 60 trillion, which, when rounded upwards to the closest decimal point, is 1 percent.
Now, do note that some sources claim the total of the world’s wealth to be as high as 241 trillion. If 241 trillion dollars is the correct answer, then the world’s ten richest people own .25 percent of the world’s wealth, which is still a staggering symbol of global inequality.
I’m all for corporations and people making money, but .25 percent of the world’s wealth seems to be extreme to me.
So now you know the numbers…what do you think?
I mean, let’s face the facts…
Depending on which numbers you trust, between .25% and 1% of the world’s entire wealth is owned by 10 people.
If there were 100-1,000 people in the world, these percentages would make more sense.
However, according to a June 2013 UN Press Release, the world’s total population is actually 7.2 billion.
What should we do about this inequality of catastrophic proportion?
I don’t know the answer. Neither does anyone else.
Unfortunately, the situation isn’t going to resolve it anytime soon.
What do you take from all of this? Leave your thoughts in the comments below.
Featured Image by batmoo Via Flickr Creative Commons