A post by Abagond about billionaires. It is notable that according to Abagond, “the net worth of 7,000 ordinary White American households or 98,000 Black ones (based on median wealth in 2014, adjusted for inflation,” is equivalent to 1 billion. Note the stark contrast in white vs. black net worth overall.
The view from Billionaires’ Row overlooking Central Park in New York (via MarketWatch).
A billionaire is someone whose wealth is equal to at least a billion pounds or dollars: $1,000,000,000.00. This post, written in 2019, will use current US dollars, worth 2.0 grams of silver.
There are currently 2,135 known, living billionaires according to Forbes magazine. New York has 103, Hong Kong 93, San Francisco 74, Moscow 69, and London 62. Only 14 are Black, Oprah Winfrey among them. Oxfam says the top 26 billionaires are as rich as the bottom half of humanity.
Some famous billionaires (those in greyare dead, adjusted for inflation):
- > $100 billion
- 374 John D. Rockefeller (Standard Oil)
- 350 Andrew Carnegie (Carnegie Steel)
- 298 Nicholas II of Russia
- 220 Henry Ford (Ford Motor)
- 200? Vladimir Putin (maybe only 70)
- 199Basil II of the Byzantine Empire
View original post 572 more words