World’s richest gain $1.2 trillion in 2019 as Jeff Bezos retains crown

World’s richest gain $1.2 trillion in 2019 as Jeff Bezos retains crown

As per new data published by Bloomberg, the 500 richest people in the world gained a combined $1.2 trillion in wealth in 2019. Their collective net worth soared by 25 per cent to $5.9 trillion over the last year. ’In the U.S., the richest 0.1 percent control a bigger share of the pie than at any time since 1929’, the study noted. Eight of the 10 richest people in the world are from the U.S.

Pierre
Pierre
Seed
Seed 3 months

Neoliberal capitalism: A massive legal racket that jeopardizes the wealth of every individual who participates in the system for the sake of a select few people that risks tanking the economy at any moment, especially during a recession. The racket is extremely lucrative for those at the top and is costly for everyone else. Wow, what a totally sustainable way to run a civilization.

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