"An amazing year for rich people"

[planetgeli]

Taylor Swift among 141 new billionaires in ‘amazing year for rich people’

Combined assets of $14.2tn are more than the GDP of every country except China and the US

www.theguardian.com

The billionaires are also collectively worth more than ever, with combined assets estimated at $14.2tn – a $2tn increase on 2023 and more than the GDP of every country except the US and China.


Their collective wealth has risen by 120% in the past decade, at the same time as billions of people across the world have seen their living standards decrease in the face of inflation and the cost of living crisis.

“It’s been an amazing year for the world’s richest people, with more billionaires around the world than ever before,” said Chase Peterson-Withorn, Forbes’ wealth editor. “A record-breaking 14 centibillionaires [$100bn] have 12-figure fortunes. Even during times of financial uncertainty for many, the super-rich continue to thrive.”

Eat them. Redistribute their wealth but eat them.

"You enjoy biting the hand that feeds you but you'll never bite it off" - Laurence Olivier's farewell to the English stage, via Trevor Griffiths, who died last week.

They'd soon give up their wealth if it meant permanent disability.

Eat. The. Rich.

Fuck 'em.

 

[cupid_stunt]

Greedy fuckers.

 

[mx wcfc]

Yes, I am with you.

I don't really care much about the likes of Taylor Swift though,(even if my daughter has recently spent a months rent on tickets to see her). It's the private equity people, the oligarchs, the oil companies/petro nations that piss me off most.

and the tory MPs that enable it.

 

[cupid_stunt]

I don't really care much about the likes of Taylor Swift though

I do, no one needs anywhere near a billion, FFS, give it to charity.

 

[Pickman's model]

On the plus side, get them into one room and you'd only need an ak and seven or eight full magazines to turn them all into good billionaires

 

[mx wcfc]

I do, no one needs anywhere near a billion, FFS, give it to charity.

Yeah, I get that and agree. I suppose I'm thinking of a league table of evil.

 

[donkyboy]

It's crazy that these people think they actually need this amount of money. No one does.

 

[editor]

Yes, I am with you.

I don't really care much about the likes of Taylor Swift though,(even if my daughter has recently spent a months rent on tickets to see her).....

At least you can see she actually works for her wealth, even if the amount of money she has is truly fucking disgusting.

 

[editor]

It's crazy that these people think they actually need this amount of money. No one does.

They could give away a vast chunk of their wealth and still have more money then they could possibly spend in multiple, multiple lifetimes.

 

[Ax^]

money comes to money and the way the world has been the last few years it has been great for Money men to make money

short selling and taking advantage of the daft look the states

that being said shame we don't have more billionaires just fucking with the right wing types by giving money away

what else do you have to do with your day at that stage

aside from go nuts and turn to elon

 

[yield]

Not only individuals

The 25 Richest Families in the World — 2023
bloomberg. 08/12/2023

Move over, Waltons. Another family has emerged as the richest dynasty in the world.

For the first time, the House of Nahyan has joined Bloomberg’s annual ranking of family fortunes, and done so at the very top.

With a $305 billion fortune, the Al Nahyans of Abu Dhabi topped the Waltons of Walmart Inc. by a cool $45 billion. Another new entrant: the Al Thanis, the royal family of Qatar, at No. 5.

The petro-fortunes are reshaping global business as never before. Their flexing of personal — as well as sovereign — financial firepower adds multibillion-dollar exclamation points to the region’s growing influence. All three Gulf families on the ranking are likely far richer than these conservative estimates.

As a group, the world’s richest families have gotten $1.5 trillion wealthier since the last ranking, and the new tallies from the Middle East weren’t the only noteworthy shifts. Among the biggest gainers was a different kind of royal house: the sixth-generation dynasty behind luxury brand Hermès, who added $56 billion to become the world’s third-richest by eschewing fads and cultivating loyalty.

In a world in which faddish fortunes are regularly made and lost in cryptofied seconds, the world’s richest clans have prospered largely by sticking together, united by a shared sense of duty and the belief that they’ll be richer for it.

That’s helped dynasties endure despite wars, downturns, taxes, blood feuds and errant in-laws. Buoyant markets help too, but the most successful families are fixated on generational, not quarterly, milestones, said Bob Gould, a partner at Creaghan McConnell Group, which advises business families. “They play a much longer game.”

"As a group, the world’s richest families have gotten $1.5 trillion wealthier since the last ranking"

Billionaires are evil

First against the wall. The average annual income of a full-time salaried worker in the United States in 2018 was $46,800. And let’s assume this average worker paid no rent, no bills, no taxes, no expenses of any kind. In fact, let’s pretend this person spends no money at all. They just make...

www.urban75.net

 

[yield]

money comes to money and the way the world has been the last few years it has been great for Money men to make money

short selling and taking advantage of the daft look the states

that being said shame we don't have more billionaires just fucking with the right wing types by giving money away

Elite philanthropy mainly self-serving
The Academic Times. March 26, 2021 (paywalled)

Many people mistakenly view elite philanthropy as a benign force for good rather than an avenue for the super-wealthy to translate economic capital into social and cultural capital, according to the researchers. Elite philanthropy, the study argues, is transactional, as there are also material benefits in addition to the cultural capital.

Where wealthy elites donate their money is shaped by where they can have the most influence on a local, national and international level, researchers said; maintaining their "field of power," which allows them to use their business ties to influence the political sphere, is also a motivating factor in their philanthropy.

 

[Ax^]

ah fair play.. don't have the mind to be a billionaire and don't believe any of them suddenly become good by giving money away
you don't get to that level without being blood thirsty devious back stabbing bastard


but if i had that level of fuck you money
boy would i play with the otherside mind for shit and giggles

 

[Yuwipi Woman]

Isn't it always a good year for the uber-wealthy?

 

[MickiQ]

Not only individuals

The 25 Richest Families in the World — 2023
bloomberg. 08/12/2023








"As a group, the world’s richest families have gotten $1.5 trillion wealthier since the last ranking"

Billionaires are evil

First against the wall. The average annual income of a full-time salaried worker in the United States in 2018 was $46,800. And let’s assume this average worker paid no rent, no bills, no taxes, no expenses of any kind. In fact, let’s pretend this person spends no money at all. They just make...

www.urban75.net

I've heard of almost none of those families despite the wealth they control.

 

[klang]

They could give away a vast chunk of their wealth and still have more money then they could possibly spend in multiple, multiple lifetimes.

Yemen was promised an aid budget of 2 billion in 23. Less than half was delivered.

So fuck billionaires incl Swift.

They have the money to safe an entire nation from famine, acc to the UN, yet they are more concerned about joining a list too abstract to comprehend.

 

[Zapp Brannigan]

We need a world-wide agency established to act as a regulator for the ultra-rich. Possibly to come under the UN umbrella, haven't decided yet but it needs to be a regulator with teeth.

Fully auditable annual accounts to be submitted and forensically evaluated - the penalty for fraudulent or incomplete submissions being summary execution. The rich have demonstrated time and time again that they can't be trusted to self-regulate so deal with them in a language that they will understand.

A 70% (I'm feeling charitable, could be 100) wealth tax to be levied annually on the world's 1000 richest people, paid into a world-wide aid fund. Should anyone at the top of the charts wish to race down to position 1001, the aid fund would also be available to voluntary contributions in the run up to audit season and these would be looked upon favourably.

Aid money distributed, world hunger eradicated. And anyone with enough personal wealth to make the planet a better place but without the will to do so would be dead.

Vote Brannigan for Earth President.

 

[editor]

Yemen was promised an aid budget of 2 billion in 23. Less than half was delivered.

So fuck billionaires incl Swift.

They have the money to safe an entire nation from famine, acc to the UN, yet they are more concerned about joining a list too abstract to comprehend.

Oh don't get me wrong. When Editor's Urban75 government seizes power, billionaires will be eradicated overnight and their obscene wealth distributed to those who need it.

 

[stavros]

The big idea: should we worry about trillionaires?​