Thursday, January 25, 2018

Nine men have more combined wealth than the poorest four billion people

A recent study released by Oxfam, released in January 2018, Nine men have more combined wealth than the poorest four billion people.

Jeff Bezos ( Founder and CEO of Amazon.com)  — $108.9 billion

Bill Gates ( Co-Founder Microsoft ) — $91.9 billion

Warren Buffett (  Investor and Chairman of Berkshire Hathaway which wholly owns GEICO, Dairy Queen, BNSF Railway, Lubrizol, Fruit of the Loom,Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets, and also owns 38.6% of Pilot Flying J; 26.7% of the Kraft Heinz Company, and significant minority holdings in American Express (17.15%), The Coca-Cola Company (9.4%), Wells Fargo (9.9%), IBM (6.9%), and Apple(2.5%))  — $90.1 billion
Amancio Ortega ( Business of Real Estate and fashion retail ) — $75.8 billion
Mark Zuckerberg ( CEO and Founder of Facebook ) — $72 billion
Bernard Arnault (CEO of LVMH, which houses brands such as Louis Vuitton, Sephora, and Dom Perignon,)
— $68.7 billion

Carlos Slim Helu (Chairman of telecom firm, América Móvil,also owns stakes in various mining, real estate, and consumer goods businesses — including The New York Times.) — $67.6 billion

Larry Ellison (Co-founded Oracle)— $60.4 billion

Larry Page(CEO and co-founder of Google ) — $52.2 billion

There are over 1,500 billionaires in the world, with more than 560 in the US alone. China, Germany, and India each have 100 or more billionaires




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