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The Wealthy get Wealthier

Unfolding crisis, unemployment, over-indebtedness, poverty, precariousness — that is today's cocktail for the commoner. For billionaires, courtesy of their tooth fairy, the road is much smoother and unencumbered. The number of billionaires grew from 423 in 1996, to 1,810 in 2016 (7.5% annual average growth, or a 9-year doubling time). Their net worth swelled in parallel from $US 1,393 billion (constant, 2009=100) to $US 5,906 billion (7.5% annual average growth).

Funny enough, billionaires replicate in-house what...

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Line chart and statistics of the number and sum of net worth of world billionaires from 1996 to 2016. Crises, unemployment, over-indebtedness, poverty, precariousness — that is today's cocktail for the commoner. For billionaires, courtesy of their tooth fairy,  the road is smooth and unencumbered. The number of billionaires grew from 423 in 1996, to 1,810 in 2016 (7.5% annual average growth, or a 9-year doubling time).  Their net worth swelled in parallel from $US 1,368 billion (constant, 2009=100) to $US 5,906  billion (7.6% annual average growth).

 

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