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The Uncanny Billionaire Tantalus

From constant US$ trillion 1.6 in 1996 to 9.1 in 2018, the share of wealth grabbed by the super-rich provides evidence of the agonizing thirst and hunger that excruciate the contemporary Tantalus that are our fellow billionaires. With a critical twist, however: contrary to the mythical creature, the modern Tantalus can reach the fruits hanging above the head, and can drink the water that flows under the chin.

Could it be that, because of old age or something, Zeus became lenient and easy going for the culprits...

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Line chart and statistics of the number and net worth of world billionaires from 1996 to 2018. The number of billionaires grew from 423 in 1996, to 2,208  in 2018 (7.8% annual average growth, or a 9-year doubling time).  Their net worth swelled in parallel from $US 1,580.3 billion (constant, 2009=100) to $US 9,059.6  billion (8.3% annual average growth)

 

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 US Debt Clock 

 

Or about:

  • € 16,860 billion.
  • 107 % of GDP
    (US GDP was $ 19,386.8 billion, as of end of Quarter 4, 2017).
  • $ 62,099 per US citizen.

US Gross Federal Debt. Calibrated from data from US Department of Treasury.

More debt clocks:
US Gross Federal Debt Outstanding
US External Debt
Portugal Government Debt
Portugal External Debt