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Discover How Much Money The Richest People In the World Control

On Wednesday 26 August Jeff Bezos became the first person to have a worth of $200 billion. It’s an inconceivable figure for most people

For reference, the next richest person is Bill Gates with $122 billion. While this is an impressive figure it’s a long way short of Bezos.

The latest leap in his worth is directly linked to the change in shopping habits brought on by the COVID-19 pandemic. He’s not the only one benefitting, Mark Zuckerberg became a centi billionaire around the same time. His worth is currently $102 billion.

Discover How Much Money The Richest People In the World Control

Discover How Much Money The Richest People In the World Control
Credit: instagram.com Jeff Bezos,Bill Gates

These figures are mind-blowing. But, what is more, concerning is the fact that the 11 richest people in the world have a joint worth of over $1 trillion. 

 

Economic and Political Power Concerns

No matter what background the richest people in the world have, there is no doubt, in economic terms, that they no longer occupy the same world as the average person.

To understand the economic and political power of the richest people in the world, consider this. There are just 11 people with a combined net worth of $1.042 trillion. That’s more money than the combined GDP of Austria and Belgium. These are people that have the power to influence political decisions and transform money markets, simply because of their billionaires net worth.

Discover How Much Money The Richest People In the World Control

Discover How Much Money The Richest People In the World Control
Credit: instagram.com Mark Zuckerberg, twitter.com Elon Musk

At the same time, millions of people around the globe are living paycheck to paycheck, or are unemployed. Alongside this, more than 170,000 people have died in the US alone from COVID-19.

While the average person cannot influence the economy, the wealth of the top multi-billionaires is so vast that they could ruin economies, buy countries, and pay politicians to do their bidding. In short, the economic and political power of a select few is virtually limitless.

If you’re still not convinced, consider this. During the COVID-19 pandemic, most people have found their incomes limited and may now be facing unemployment. IN contrast, these top billionaires, have increased their net worth. For example, Elon Musk’s worth has tripled and Mark Zuckerberg has seen a 75% rise in his fortune. 

Understanding The Wealth Of Top Multi-Billionaires

Discover How Much Money The Richest People In the World Control

Discover How Much Money The Richest People In the World Control
Credit: wikipedia.org Bernard_Arnault, flickr.com Mukesh Ambani

One trillion has twelve zeros. With this much money, you could buy every professional sports league in the US, simultaneously! In fact, you’d barely touch a quarter of the funds you had available.

To put it into a potentially more relatable concept, one trillion would pay the average salary of 18 million teachers for a year. Or, you could spend a million a day for in excess of $3,000 years.

Yes, the wealth of top multi-billionaires is staggering and has the potential to cause wide-scale corruption.

The problem is that this is just 11 individuals that have the power to transform the world. If they have good intents then much of this money can be funneled to help others. But, if they simply seek to get richer they can cause a huge amount of harm economically, politically, and even socially. 

Discover How Much Money The Richest People In the World Control

Discover How Much Money The Richest People In the World Control
Credit: twitter.com Warren Buffett, flickr.com Larry Page

 

Take A Look At The Top 11 Billionaires Net Worth

It’s difficult to be exact with figures when dealing with the top 11 billionaires’ net worth. Share prices vary daily which affects the values. The approximate net worth at present is as follows:

  • Jeff Bezos – $200 billion

  • Bill Gates- $122 billion

  • Mark Zuckerberg – $102 billion

  • Elon Musk -$95.2 billion

  • Bernard Arnault – $82.4 billion

  • Mukesh Ambani – $78.8 billion

  • Warren Buffett – $78 billion

  • Larry Page – $75 billion

  • Sergey Brin – $72.7 billion

  • Francoise Bettencourt Meyers – $66.4 billion

Discover How Much Money The Richest People In the World Control

Discover How Much Money The Richest People In the World Control
Credit: instagram.com Sergey Brin, twitter.com Francoise Bettencourt Meyers

Final Thoughts

Take this a step further and just 26 people have as much money between them as the poorest half of the world put together!

Interestingly, many of these billionaires are calling for reforms in the system to help redistribute the wealth. But, they are not fighting to eliminate the possibility of becoming mega-rich, they are simply understanding the power they hold to change the world for the better.

Providing the world’s richest adopt this approach there is hope. But, if the 11 richest people in the world decided world domination is their goal, what could really stop them?

 



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