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#richest people
brooklynisher · 6 months
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This image may or may not be funnier with context but basically,
I was info dumping to my stepdad about spg and he asked me how much the tickets were which I said were about $30 (Actually $35) which surprised him. He thought they were underselling themselves. Well, the new tickets for the next show after their return ARE more expensive! By $2. I know it isn’t unusual for prices to slightly fluctuate like that but something about the difference only being $2 was funny to me so I made this meme thingy.
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workersolidarity · 2 months
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🌍 🏦💵 🚨
FIVE RICHEST BILLIONAIRES DOUBLE THEIR WEALTH SINCE 2020 WHILE 5 BILLION ARE MADE POORER
Oxfam International, a British-founded International Charitable organization based in Nairobi, Kenya, says the world's richest people have managed to double their wealth since 2020, as 5 billion people are made poorer as a result of a "decade of division."
Oxfam made the claims in a press release on its recently published report released Monday, January 15th on inequality and global corporate power called "Inequality Inc."
According to Oxfam, the world's richest people have more than doubled their wealth from $405 billion to $869 billion since 2020, a rate equivelent to $14 million per hour, while approximately 5 billion people have been made poorer in the same time period.
"If current trends continue," the statement says, "the world will have its first trillionaire within a decade but poverty won't be eradicated for another 229 years."
Oxfam looks to the Davos gathering of the world's largest corporations, pointing to the valuations of the top ten largest companies, together worth more than $10.2 trillion.
“We’re witnessing the beginnings of a decade of division, with billions of people shouldering the economic shockwaves of pandemic, inflation and war, while billionaires’ fortunes boom. This inequality is no accident; the billionaire class is ensuring corporations deliver more wealth to them at the expense of everyone else,” Oxfam's International interim Executive Director Amitabh Behar is quoted as saying.
“Runaway corporate and monopoly power is an inequality-generating machine: through squeezing workers, dodging tax, privatizing the state, and spurring climate breakdown, corporations are funneling endless wealth to their ultra-rich owners. But they’re also funneling power, undermining our democracies and our rights. No corporation or individual should have this much power over our economies and our lives —to be clear, nobody should have a billion dollars”.
According to Oxfam, Billionaires increased their wealth by $3.3 trillion since 2020, a growth rate three times faster than inflation.
Oxfam adds that, despite representing just 21% of the global population, the countries of the Global North own 69% of global wealth, with Global North countries home to 74% of global billionaire wealth.
Further, the top 1% own 43% of all global financial assets, with billionaires owning 48% of wealth in the Middle East, 50% in Asia, and 47% in Europe.
In addition to overall wealth, 148 of the world's largest corporations raked in $1.8 trillion in total net profits, a 52% increase over the period from 2018-2021.
Corporate windfalls increased to nearly $700 billion, with the report finding that for every $100 in profits made by the top 96 major corporations between July 2022 and June 2023, $82 was paid out to wealthy shareholders.
Oxfam International interim Executive Director Amitabh Behar says that “Monopolies harm innovation and crush workers and smaller businesses. The world hasn’t forgotten how pharma monopolies deprived millions of people of COVID-19 vaccines, creating a racist vaccine apartheid, while minting a new club of billionaires."
The Oxfam press release goes on to point our that people are working harder and for longer, often for poverty wages in unsafe jobs, adding that the wages of nearly 800 million people have not kept up with inflation, losing $1.5 trillion in value over the last two years, the equivalent of nearly a month's lost wages for each individual worker.
Oxfam also found that, of the 1'600 largest companies, less than 0.4% of them are publicly committed to paying employees a living wage.
Oxfam shows how a "war on taxation" by large corporations has pushed the effective tax rates on corporations to fall by a third in recent decades, while relentless privitization of public services like education and water services have expanded massively.
“We have the evidence. We know the history. Public power can rein in runaway corporate power and inequality —shaping the market to be fairer and free from billionaire control. Governments must intervene to break up monopolies, empower workers, tax these massive corporate profits and, crucially, invest in a new era of public goods and services,” said Behar.
“Every corporation has a responsibility to act but very few are. Governments must step up. There is action that lawmakers can learn from, from US anti-monopoly government enforcers suing Amazon in a landmark case, to the European Commission wanting Google to break up its online advertising business, and Africa’s historic fight to reshape international tax rules.”
Oxfam offers three notes on how governments can rectify the situation, including the following:
🔹 Revitalizing the state. A dynamic and effective state is the best bulwark against extreme corporate power. Governments should ensure universal provision of healthcare and education, and explore publicly-delivered goods and public options in sectors from energy to transportation.
🔹 Reining in corporate power, including by breaking up monopolies and democratizing patent rules. This also means legislating for living wages, capping CEO pay, and new taxes on the super-rich and corporations, including permanent wealth and excess profit taxes. Oxfam estimates that a wealth tax on the world’s millionaires and billionaires could generate $1.8 trillion a year.
🔹 Reinventing business. Competitive and profitable businesses don’t have to be shackled by shareholder greed. Democratically-owned businesses better equalize the proceeds of business. If just 10 percent of US businesses were employee-owned, this could double the wealth share of the poorest half of the US population, including doubling the average wealth of Black households.
#source
@WorkerSolidarityNews
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funworld10 · 20 days
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Richest Families in the world 🤑
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zenruption · 1 year
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Is Vladimir Putin The Richest Man On Earth?
Among the very rich, it is an open secret that many believe Vladimir Putin is the richest person on the planet. Individuals like Elon Musk's net worth is largely calculable due to their public holdings in companies like Tesla, Twitter and SpaceX. When there is a change in value or earnings, there is a respective change in net worth.
With Putin, however, his wealth is related to Oligarchs and his stranglehold on opaque business practices. Even the modest estimates of Putin’s wealth make him a billionaire. How a KGB agent turned President amassed a billion dollars in wealth is not a story of innovation but exploitation.
Although the exact net worth of Vladimir Putin, the President of Russia, is not publicly known, his personal wealth is shrouded in secrecy. However, many reports suggest that Putin's personal wealth could be in the billions of dollars.
In 2015, Russian businessman Sergei Polonsky claimed that Putin's personal net worth was $200 billion, making him the richest person in the world. However, this figure has not been independently verified and is widely regarded as an exaggeration.
Other estimates of Putin's net worth are more conservative, but still suggest that he is extremely wealthy. In 2018, for example, the former US ambassador to Russia, Michael McFaul, estimated Putin's net worth at $1.4 billion.
It's important to note that Putin's wealth is largely speculative and based on circumstantial evidence, given the lack of transparency surrounding his personal finances. Additionally, Putin has denied having any significant personal wealth, and the Russian government has dismissed claims of his vast personal fortune as baseless
The rankings of the world's richest people often fluctuate due to changes in the stock market, investments, and other factors. However, according to Forbes' Real-Time Billionaires list (as of March 31, 2023), the five richest people in the world are currently:
1. Elon Musk: The CEO of Tesla and SpaceX has a net worth of $163.6 billion.
2. Bernard Arnault & family: The CEO of LVMH (Moët Hennessy Louis Vuitton) has a net worth of $160.2 billion.
3. Jeff Bezos: The founder and former CEO of Amazon has a net worth of $115.8 billion.
4. Bill Gates: The co-founder of Microsoft has a net worth of $103.2 billion.
5. Mark Zuckerberg: The co-founder and CEO of Facebook has a net worth of $96.6 billion.
It's worth noting that these rankings are subject to change and may be different depending on the source and methodology used to calculate net worth.
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ashokn92 · 3 months
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khurramshabbir · 3 months
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Many of the world's richest countries are also the world's smallest:
Some very small and very rich countries—like San Marino, Luxembourg, Switzerland and Singapore benefit from having sophisticated financial sectors and tax regimes that attract foreign investment, professional talent and large bank deposits. Others like Qatar and the United Arab Emirates have large reserves of hydrocarbons or other lucrative natural resources.
THE 10 RICHEST COUNTRIES IN THE WORLD
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aimoun100 · 5 months
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melinda
check out my youtube - Ai Moun - YouTube
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john-fyucha · 6 months
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digitalstorypulse · 6 months
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crushfin · 6 months
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The Top 10 Richest People In India In 2023: Their Stories And Lessons Learned
Many millionaires are Born in India. latest richest billionaire in India one of the wealthiest companies. In India some of the richest people in the world, with a total of 167 billionaires in the country. Mukesh Ambani, the chairman and managing director of Reliance Industries, is the richest person in India, with a net worth of $96.8 billion. He is followed by Gautam Adani, chairman of the Adani…
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fakoa · 7 months
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Top 10 richest people in the world 2023-24
Who is the wealthiest person on the planet? Bernard Arnault & Family, with an impressive total worth of $210.8 billion is acknowledged as the richest human being in the world. This French businessman is chief executive officer and chairman of LVMH Moet Hennessy Louis Vuitton, which is the world’s most prestigious company for luxury products. The wealth of Arnault is the result of his investment…
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financeknowy · 1 year
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Who Are The 7 Incredibly Richest Men In The World
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Everyone really thinks the richest men in the world are just people who actually control the world and sits on their ass and just assume the title of the richest person in the world, well that might not actually be true. What is rich, BTW? Someone with no bills? someone with a paid-off house? someone with 1 million dollars in retirement funds? There is always joy and pride that comes from having riches and that is what brings us to today's topic which we know is going to be talking about 7 of the wealthiest, most affluent, and most successful men in the world.
Generations upon generations of exceptional people have continued to amass wealth but just 7 of them from our present generation are our today's focus and the question we all have for them is why they want all those riches and would rather stay on top as the richest in the world than enjoy their riches to the fullest or is there something behind it. You'll discover all that in this post.
LET'S DIVE RIGHT IN!
Bernard Arnault
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Arnault was not what we actually expected but this old pal is proving to have what it takes to take that place, He was compensated €7.8 million as the director of the LVMH group during the year 2016.
In July in the year 2019, Arnault became the second wealthiest man in the world, with a whooping net worth of $103 billion. During the period of the COVID-19 pandemic, Arnault witness his riches diminish by $30 billion as sales of his opulence goods collapsed.
Arnault shortly beat Jeff Bezos to become the richest person in the world in December 2019, and again for a little period in January 2020. In April the year 1999, he was the richest person in fashion, topping Zara's Amancio Ortega and looking like the richest man in the world ever.
Bernard Jean Étienne Arnault was born on the 5th of March 1949 in Roubaix. His father, manufacturer Jean Léon Arnault, a graduate of École Centrale Paris, owned the civil engineering corporation Ferret-Savinel. His mother, Marie-Josèphe Savinel, daughter of Étienne Savinel, had an "obsession for Dior".
Three years later, after he had enticed his father to change the focal point of the company to real estate, Ferret-Savinel marketed the industrial construction sector and was renamed Ferinel. In the year 1971, he fully graduated from the École Polytechnique, France's top recommended engineering school, and began working for his father's company.
Following the ownership of a textile corporation and transfer of its headquarters, the corporation renamed the real estate branch to the George V Group. The real estate assets were later sold to Compagnie Générale des Eaux (CGE), in due course becoming Nexity. Arnault was schooled at the Lycée Maxence Van Der Meersch in Roubaix and the Lycée Faidherbe in Lille.
He is recorded as "Bernard Arnault & Family" on the Forbes Billionaires list. Forbes evaluates the Bernard Arnault & Family wealth to be $158 billion in 2022, making him ahead of Bill Gates. On the 5th of August 2021, he reclaimed the dignity of the wealthiest man in the world, with his net worth soaring to $198.4 billion. This happened because of the sales of LVMH's luxury goods deluged in China and other parts of Asia.
Arnault and his family have an evaluated net worth of US$206.7 billion as of February 2023 according to Forbes, which makes him the richest person in the world, boosting past Elon Musk. His current 101.5 m (333 ft) yacht Orchestra was constructed in the Netherlands by Feadship. Arnault owned the 70 m (230 ft) transformed research tanker Amadeus, which was sold in late 2015.
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stackumbrella1 · 1 year
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Indian Businessmen Who Went From Riches To Rags
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When we think of rags to riches stories, India is no stranger to such tales. From Mahatma Gandhi to Dhirubhai Ambani, India has seen some of the most inspiring success stories ever. But there are few other Indian businessmen who have experienced the opposite fate, going from riches to rags.
Read More: https://www.stackumbrella.com/chaukidaarhichorhai-pm-modi-adani-relation/
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topstop5 · 1 year
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The World’s Richest Woman ( The lifestyle of the richest woman )
While everyone can name Elon Musk, Jeff Bezos, and Bill Gates as the richest men in the world, asking them to name the richest women in the world is either going to leave them speechless or have them mention Oprah and Rihanna.
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lejournaldupeintre · 1 year
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The 2022 Forbes 400 List Of Richest Americans
The 2022 Forbes 400 List Of Richest Americans
Mark Cuban (born July 31, 1958) is an American billionaire entrepreneur, television personality, and media proprietor whose net worth is an estimated $4.8 billion, according to Forbes, and ranked No. 177 on the 2020 Forbes 400 list. 1. Elon Musk – $251 billion (Tesla / SpaceX) 2. Jeff Bezos – $151 billion (Amazon) 3. Bill Gates – $106 billion dollars (Microsoft) 4. Larry Ellison – $101…
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rnnonline · 1 year
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Top Richest People In New Zealand And Their Net Worth
Top Richest People In New Zealand And Their Net Worth
Who are the richest people in New Zealand? With a market economy that is advanced, New Zealand is ranked fourth in the 2022 Index of Economic Freedom and 14th in the 2019 Human Development Index. The New Zealand dollar, also referred to as the “Kiwi dollar,” is the official unit of exchange. It is also used in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. The richest people in New…
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