Bloated Fortunes of World's Richest
The Rich Get Richer So the Poor Get Poorer
Latest reports indicate that more than 820 million people are now going hungry world wide. Of these, at least 339 million are in dire straights, in need of emergency food rations, clean water and shelter.
This is the result of an economic
system which permits filthy rich oligarchs to control all of the
human and material resources of the world. The Bloomberg
Billionaires Index reports that in the first half of 2023, each
of the 2,640 billionaires in the world made an average of over
$14 million per day. To achieve this, they force 47 per cent of
the world's population to survive on $6.25 a day.
Elon Musk, who owns Tesla, SpaceX and Twitter, is the world's wealthiest person who got $96 billion richer in the first six months of 2023. Mark Zuckerberg, CEO of Facebook parent company Meta Platforms, who comes in at Number 10 on Bloomberg's list of the richest 500 billionaires, saw the second highest jump in his fortune, up $58.9 billion in the first six months of 2023, to $99.2 billion.
Amazon founder Jeff Bezos is the third richest with a fortune of $154 billion, up $47.4 billion over the first six months of this year.
Microsoft founder Bill Gates has a fortune of $134 billion, up $24.4 billion. Warren Buffett who owns BNSF railroad, along with Berkshire Hathaway, the investment group that owns Geico, Clayton Homes and Dairy Queen, and has stakes in Coca-Cola and American Express, has wealth valued at $113 billion, up $5.6 billion in the last six months.
Reports inform that the richest one per cent of the world's oligarchs have grabbed nearly two-thirds of the $42 trillion of wealth newly-created since 2020. This is nearly twice as much money as all other human beings combined during the same period. During the past decade, the number and wealth of the billionaires has doubled, with the richest absconding with about half of all new global wealth.
This article was published in
Number 36
- July 12, 2023
Article Link:
https://cpcml.ca/WF2023/Articles/WO10362.HTM
Website: www.cpcml.ca Email: editor@cpcml.ca