19 Facts About Billionaires That Are Sure To Make Your Skin Crawl

Wed, November 3, 2021

So — right off the bat and for a bit of perspective — one million seconds is roughly 11.5 days, whereas one billion seconds is more than 31 years.

With that established, let's dive into some of the most horrid facts about billionaires!

1.  The number of billionaires exploded during the past year (yes, that's during the pandemic) to its current total of 2,755.

This is alongside the statistic that nearly 20 million adults (or 9% of the national population of adults) don't have enough to eat on a weekly basis, according to the Center on Budget and Policy Priorities. 

This is alongside the statistic that nearly 20 million adults (or 9% of the national population of adults) don't have enough to eat on a weekly basis, according to the Center on Budget and Policy Priorities.

2.  That's 660 more people than last year — meaning a new billionaire was added to the tally every 17 hours. Their total net worth is $13.1 trillion, $5 trillion more than last year.

To put these wildly large numbers into somewhat of a perspective, the world's billionaires have a net worth that's higher than the GDP of the second richest country in the world, China.

3.  In fact, in the first month of the pandemic, U.S. billionaires collectively added $300 billion to their wealth.

4.  And while that's certainly horrible, it's not new. Following the Great Recession, billionaire wealth rose at a rate five times higher than that of the median U.S. household wealth.

5.  According to economist Jeffrey Sachs, the cost of ending poverty is roughly $175 billion each year for 20 years. This means that the world's billionaires could solve world impoverishment and still have almost $10 trillion left to spare.

  6.  Elon Musk is currently the world's richest billionaire, with $306.5 billion to his name. Even if you were to make $100 million per year, it would still take you 3,065 years to amass that level of wealth.

To break it down either further, that means earning roughly $11,415 an hour.

To continue reading, please go to the original article here:

https://www.yahoo.com/lifestyle/19-facts-billionaires-sure-skin-231348476.html