The World’s 2,000 Billionaires Have More Wealth Than Almost 5 Billion People Combined
by Gabrielle Olya
Posted September 11, 2020
Wealth inequality is nothing new, but it’s reached staggering proportions in 2020. An Oxfam report released in January found that the world’s 2,153 billionaires have more wealth than that of 4.6 billion other people combined — meaning they are wealthier than 60% of the earth’s entire population combined.
Saving $10,000 a day is unrealistic for most people, but even if you could, your wealth would never catch up to the wealth of the richest billionaires. According to Oxfam, if you began saving $10,000 a day since the building of the pyramids in Egypt — which dates back to 2,504 B.C. — you would only have one-fifth the average fortune of the five richest billionaires.
According to the Oxfam report, “if everyone were to sit on their wealth piled up in $100 bills, most of humanity would be sitting on the floor. A middle-class person in a rich country would be sitting at the height of a chair. The world’s two richest men would be sitting in outer space.” More…