8 Billionaires Own as Much Wealth As Half the World’s Population

USA - The eight richest persons in the world collectively own about $426 billion. That is an average of about $53.25 billion each. You’re certain to know some of the guys in the most exclusive club in the world – the rich list rock stars. Others shun the limelight, preferring wealth without fame.

Six are Americans, the other two hailing from Spain and Mexico:

1. Bill Gates, the co-founder of Microsoft, is the richest man in the world. He is worth $75 billion (8.80% of the eight wealthiest billionaires’ fortunes combined).

2. Armancio Ortega ($67 billion, 7.86%) is the richest man in Europe. He is the founder of the Zara clothing brand and chain.

3. Warren Buffett ($60.8 billion, 7.13%) is an investment guru, best known for his holding company Berkshire Hathaway.

4. Carlos Slim ($50 billion, 5.87%) made his money via America Movil, a major telecommunications multinational operating mainly in Latin America.

Related Posts:

5. Jeff Bezos ($45.2 billion, 5.30%) founded Amazon, which expanded from a web-based book shop to the undisputed worldwide online retail giant.

6. Mark Zuckerberg ($44.6 billion, 5.23%) founded Facebook back in 2004 and grew it into the world’s favorite social media platform.

7. Larry Ellison ($43.6 billion, 5.11%) founded software giant Oracle.

8. Michael Bloomberg ($40 billion, 4.69%) founded Bloomberg LP, a financial and media giant, and was mayor of New York City.

The fact that this year it takes only 8 billionaires to equal the wealth of the world’s poorest half is due to two main factors. Firstly, it turns out that poverty in China and India is worse than previously thought, meaning the bottom half is even worse off.

But, crucially, the wealth accumulation into the hands of an ever smaller number of super-rich continues. Oxfam points to wage restraints for lower- and middle-class incomes, a focus on increasing returns for shareholders and executives, and tax evasion by the wealthy as factors contributing to the ongoing phenomenon.

“Just what is an APOSTLE?”
Just what is an Apostle?

Today we find the Church of God in a “wilderness of religious confusion!”

The confusion is not merely around the Church – within the religions of the world outside – but WITHIN the very heart of The True Church itself!

Read online or contact email to request a copy

Listen to Me, You who know righteousness, You people in whose heart is My Law: …I have put My words in your mouth, I have covered you with the shadow of My hand, That I may plant the heavens, Lay the foundations of the earth, and say to Zion, “you are My people” (Isaiah 51:7,16)