Shockingly just 26 people control 50% of entire world's wealth.(Now rumoured to be 14)
A lesson which I learnt is that poverty is a disease. We should not have a middle-class mindset.
Top 1% of the world controls 99% wealth. Do you think that is an accident? It is no accident, it is designed this way. They understand something, they understand the way world works. They focus on systems and people.
That is why they are the movers and shakers the world has.
The number of billionaires owning as much wealth as half the world’s population fell from 43 in 2017 to 26 in 2018. In 2016 the number was 61.
Among the findings of the report, by The Guardian, were:
💡In the 10 years since the financial crisis, the number of billionaires has nearly doubled.
💡The world’s richest man, Jeff Bezos, the owner of Amazon, saw his fortune increase to $112bn. Just 1% of his fortune is equivalent to the whole health budget for Ethiopia, a country of 105 million people.
💡The poorest 10% of Britons are paying a higher effective tax rate than the richest 10% (49% compared with 34%) once taxes on consumption such as VAT are taken into account.
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