- Fri Nov 07, 2014 9:14 pm
#49256
85 richest now have as much money as poorest 3.5B. Oxfam estimates that between March 2013 and March 2014, those same 85 billionaires saw their wealth grow by $668 million every day.
These people are so grotesquely rich that if Bill Gates, for example, spent $1 million every day, it would take him 218 years to exhaust his funds.
That, of course, would never happen because Gates would be earning millions of dollars a day in interest on the rest of his wealth.
When you have more money than you could possibly spend in several lifetimes, you can afford to do some pretty crazy things.
Like spend $95,000 on a 4 lb white truffle that looks like a turd because when your name is Vladimir Potanin, the Russian mining tycoon, and you have a net worth of $13.9 billion, $95,000 is pocket change.
Much ink has been spilled about the widening gap between the richest and the poorest, and about what it means for the global economic outlook, and yet, extreme inequality persists which has been on steroids over the last 5 years.
