What if we divided all the money in the world?
According to the most recent estimates I could find, total world income is about $70 trillion. Divide that by 7.5 billion and each person would receive about $9,330. Of course, this includes babies as well as the retired, so if you figure in only the 4.9 billion people ages 15-64, the figure goes up to $14,285.
Who owns most of the world’s wealth?
Jeff Bezos, the world’s richest man. The world’s total net wealth has hit $431 trillion, nearly half a quadrillion dollars, and over a quarter of it is controlled by millionaires.
What would happen if all the riches of the world were equally?
Wealth only exists by comparison. One having more or less than another. If the world’s riches were equally portioned out, there would be no more “riches.” If the world’s poverty were divided equally amongst its population, how much would everyone lack? The answer in Aristophane’s ‘Plutos’ (Wealth).
What would happen if the world’s poverty were divided equally?
If the world’s poverty were divided equally amongst its population, how much would everyone lack? The answer in Aristophane’s ‘Plutos’ (Wealth). When PLUTOS was helped to recover his eyesight so that he saw to enrich everyone, Force (Bia) and Need (Anange) were reduced to unemployment.
Does wealth come by accident?
Wealth does not happen by accident. It is the result of financial knowledge that is applied with proper discipline over many years. This means that if you want to become rich, then you need two things – financial education and financial execution.
Why do most vouchers end up in the hands of wealthy citizens?
But because most people were not well-informed about the nature of the program or were very poor, they were quick to sell their vouchers for money, unprepared or unwilling to invest. Most vouchers, and hence, most shares wound up being acquired by the enterprises of wealthy citizens. Wealth does not happen by accident.