Thursday, June 08, 2017

Who are the rich?

There are believed to be at least 2,257 billionaires in the world. Their collective wealth totals $8 trillion, more than 10 percent of the global economy. There are 55 percent more billionaires now than there were just five years ago, and given the secretive nature of the ultrarich, there may in fact be a couple thousand more hidden billionaires scattered around the globe.

The ultrarich refers not only to billionaires, but anyone with a net worth exceeding $100 million. 

They are the 0.01 percent, to the billionaires’ 0.0001 percent.

There are thousands of them. The richest of the rich can get whatever they want, whenever they want it. There are no obstacles to their material desires.

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