Map of the World's Billionaires

[spuwho]

Interesting mix of how one "earned" their money. Contrast the US vs. Russia vs. Germany vs. China.

[finehoe]

It'll be interesting to see the percentages in the US after Trump & the GOP repeal the estate tax.

[BridgeTroll]

Interesting comparing the various percentages of different countries.  USA seems pretty evenly divided...

[Adam White]

Today was Fat Cat Wednesday.

By lunchtime today, FTSE 100 bosses earned as much as the average worker would earn in an entire year.

https://www.theguardian.com/commentisfree/2017/jan/04/fat-cat-wednesday

[remc86007]

So not one billionaire in Russia inherited their wealth? Bad statistics or harsh death tax? haha

[spuwho]

Today was Fat Cat Wednesday.

By lunchtime today, FTSE 100 bosses earned as much as the average worker would earn in an entire year.

https://www.theguardian.com/commentisfree/2017/jan/04/fat-cat-wednesday

Here lies the problem, wealth is distributed on a short term basis driven by what others 'think' the value is. As long as you can maintain the perception of value (as opposed to creating "real" value) you will always be able to collect like a fat cat.

It comes as no surprise to learn that return on invested capital is not the preferred measure of most remuneration committees. They prefer short-term indicators, such as shareholder return and earnings per share. The report's authors detected "a material disconnect between pay and fundamental value generation".

[finehoe]

So not one billionaire in Russia inherited their wealth? Bad statistics or harsh death tax? haha

Remember that there was no private property in Russia prior to the dissolution of the USSR.

[acme54321]

So not one billionaire in Russia inherited their wealth? Bad statistics or harsh death tax? haha

Communism

[Adam White]

So not one billionaire in Russia inherited their wealth? Bad statistics or harsh death tax? haha

Communism

Oligarchs.

[FlaBoy]

Now if only they would bring their companies and money back to the USA from low corporate tax countries such as Ireland.

[Adam White]

Now if only they would bring their companies and money back to the USA from low corporate tax countries such as Ireland.

Or Russia, for that matter. Or most countries, including such bastions of Euro-socialism as the Nordics and the UK.