Instant Alert: These 8 billionaires have the combined wealth of half the world's population

Posted On // Leave a Comment

Your Message Subject or Title

  MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE
 
 
 
 
 

These 8 billionaires have the combined wealth of half the world's population

by Sarah Jacobs on Jun 15, 2017, 1:41 PM

Jeff BezosIt's no secret that the wealth gap is growing.

A recent study released by Oxfam shows that just eight men, with a combined net worth of roughly $426 billion, share the same amount of wealth as the poorest half of the world.

The study also found since 2015, the top 1% has owned more wealth than the rest of the world's population — and if these top billionaires continue to see returns on their wealth, we could see the world's first trillionaire in as little as 25 years.

Ahead, eight of the world's wealthiest people — according to Forbes' Billionaire List — that own almost as much as half the world's population.

SEE ALSO: A photographer spent 25 years documenting rich people — here's what she learned

8. Bernard Arnault — $54 billion

Bernard Arnault has been the CEO of LVMH, which houses brands such as Louis Vuitton, Sephora, and Dom Perignon, since 1989. Combined, the brands under LVMH sold $40 billion in sales in 2016.    



7. Larry Ellison — $54 billion

In 1977 Larry Ellison co-founded the software company Oracle, which originally was launched with $2,000 of funding, $1,200 of which came out of Ellison's own pocket. Ellison stepped down as CEO in 2014, but continues to be involved with the company.



6. Mark Zuckerberg — $61 billion

Facebook CEO Mark Zuckerberg founded the website in his Harvard dormroom 13 years ago and has since grown his net worth to $61 billion. He and his wife, Priscilla Chan, have committed to give away 99% his wealth before he dies. 



See the rest of the story at Business Insider


 
Share the latest business news with your network:

Facebook Share Twitter Share Email Share
  

Email sent to:   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Avenue, New York, NY 10011
Sailthru

0 comments:

Post a Comment