According to a annual report by Oxfam, the gap between the rich and the poor has grown so astronomically large that eight men — EIGHT — have amassed as much wealth as 3.6 billion people, or half the human race. Every year, the global charity releases the findings to mark the economic summit attended by world leaders in Davos, Switzerland. Here are the Earth’s most prosperous overlords:

  • Bill Gates: America founder of Microsoft (net worth $75 billion)
  • Amancio Ortega: Spanish founder of Inditex which owns the Zara fashion chain (net worth $67 billion)
  • Warren Buffett: American CEO and largest shareholder in Berkshire Hathaway (net worth $60.8 billion)
  • Carlos Slim Helu: Mexican owner of Grupo Carso (net worth: $50 billion)
  • Jeff Bezos: American founder, chairman and chief executive of Amazon (net worth: $45.2 billion)
  • Mark Zuckerberg: American chairman, chief executive officer, and co-founder of Facebook (net worth $44.6 billion)
  • Larry Ellison: American co-founder and CEO of Oracle (net worth $43.6 billion)
  • Michael Bloomberg: American founder, owner and CEO of Bloomberg LP (net worth: $40 billion)

Women face the brunt of this economic disparity, and Oxfam says “it will take 170 years for women to be paid the same as men.” It will take less time though, to create the next class of mega-wealthy: the “trillionaire.” The global charity group estimates that at the current rate of accumulation by the rich, “the world could see its first trillionaire in just 25 years.” As noted by Oxfam, that person could go on a $1 million-a-day spending spree and it would take 2738 years to spend it all.

Other interesting takeaways from the report are especially relevant for the soon-to-be presidency of Donald Trump (and his cabinet of Goldman Sachs billionaires and millionaires), as the data seems to describe the MO of the president-elect to a T:

“[T]he super-rich use a network of tax havens to avoid paying their fair share of tax and an army of wealth managers to secure returns on their investments that would not be available to ordinary savers.”

“Contrary to popular belief, many of the super-rich are not ‘self-made’. Over half the world’s billionaires either inherited their wealth or accumulated it through industries which are prone to corruption and cronyism.”

“It also demonstrates how big business and the super-rich use their money and connections to ensure government policy works for them.”

On Friday, barring a cataclysmic event, Donald J. Trump, will become the 45th president of the United States and all of these doomsday economics will become that more real.


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