Billionaires

I suppose there are arguments to be said about the positive effects on economies due to the investments of people who are billionaires, but I find it almost revolting that individuals can be worth that much.

The Forbes annual list has been released and sitting at the top is Mexican Telecom magnate Carlos Slim Helu, worth an estimated $53 billion (U.S.).

If we took that money, and created as many millionaires as possible, you would have 53,000 millionaires. Considering there are 1,011 billionaires in the world, worth an average $3.5 billion each, that works out to just over $3.5 trillion dollars, or the equivalent of 3,538,500 millionaires.

See a more complete analysis of these rich people at the Globe and Mail’s site, or the original article in Forbes.

Comments?

gr

Leave a Reply

You must be logged in to post a comment.