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Meet The Extreme Super Rich: A List Of The 80 People Who Own As Much As The World’s Poorest 3.6 Billion

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Before I get into the meat of this post, I want to make it clear that the definition of oligarch, a term I use a lot, does not center solely around money.

Late last year, in the post Inside the Mind of an Oligarch – Sheldon Adelson Proclaims “I Don’t Like Journalism,” I attempted to frame the word oligarch as I use it. I wrote the following:

In a nutshell, while many oligarchs are extremely wealthy (or have access to extreme wealth), not all people with extreme wealth are oligarchs. The term oligarch is reserved for those with extreme wealth who also want to control the political process, policy levers and most other aspects of the lives of the citizenry in a top-down tyrannical and undemocratic manner. They think they know best about pretty much everything, and believe unelected technocrats who share their worldview should be empowered so that they can unilaterally make all of society’s important decisions. The unwashed masses (plebs) in their minds are unnecessary distractions who must to be told what to do. Useless eaters who need to be brainwashed into worshipping the oligarch mindset, or turned into apathetic automatons incapable or unwilling to engage in critical thought. Either outcome is equally acceptable and equally encouraged.

With that out of the way, Five-Thirty-Eight provided the following:

Eighty people hold the same amount of wealth as the world’s 3.6 billion poorest people, according to an analysis just released from Oxfam. The report from the global anti-poverty organization finds that since 2009, the wealth of those 80 richest has doubled in nominal terms — while the wealth of the poorest 50 percent of the world’s population has fallen.

There you have it. The reason the wealth of the richest has doubled since 2009, is because “it’s not a recession, it’s a robbery.” Central bank and government policy has done this, it is no accident.

For more evidence…

Four years earlier, 388 billionaires together held as much wealth as the poorest 50 percent of the world.

 

Thirty-five of the 80 richest people in the world are U.S. citizens, with combined wealth of $941 billion in 2014. Together in second place are Germany and Russia, with seven mega-rich individuals apiece. The entire list is dominated by one gender, though — 70 of the 80 richest people are men. And 68 of the people on the list are 50 or older.

 

Oxfam notes that global wealth inequality is increasing while the rich get richer. If trends continue, the organization projects that the richest 1 percent of people will have more wealth than the remaining 99 percent by 2016.

Now here’s the list:

1 Bill Gates $76 USA   Tech
2 Carlos Slim Helu $72 Mexico   Telecom
3 Amancio Ortega $64 Spain   Retail
4 Warren Buffett $58 USA   Finance
5 Larry Ellison $48 USA   Tech
6 Charles Koch $40 USA   Diversified
7 David Koch $40 USA   Diversified
8 Sheldon Adelson $38 USA   Entertainment
9 Christy Walton $37 USA   Retail
10 Jim Walton $35 USA   Retail
11 Liliane Bettencourt $35 France   Product
12 Stefan Persson $34 Sweden   Retail
13 Alice Walton $34 USA   Retail
14 S. Robson Walton $34 USA   Retail
15 Bernard Arnault $34 France   Luxury
16 Michael Bloomberg $33 USA   Finance
17 Larry Page $32 USA   Tech
18 Jeff Bezos $32 USA   Retail
19 Sergey Brin $32 USA   Tech
20 Li Ka-shing $31 Hong Kong   Diversified
21 Mark Zuckerberg $29 USA   Tech
22 Michele Ferrero $27 Italy   Food
23 Aliko Dangote $25 Nigeria   Commodities
24 Karl Albrecht $25 Germany   Retail
25 Carl Icahn $25 USA   Finance
26 George Soros $23 USA   Finance
27 David Thomson $23 Canada   Media
28 Lui Che Woo $22 Hong Kong   Entertainment
29 Dieter Schwarz $21 Germany   Retail
30 Alwaleed Bin Talal Alsaud $20 Saudi Arabia   Finance
31 Forrest Mars Jr. $20 USA   Food
32 Jacqueline Mars $20 USA   Food
33 John Mars $20 USA   Food
34 Jorge Paulo Lemann $20 Brazil   Drinks
35 Lee Shau Kee $20 Hong Kong   Diversified
36 Steve Ballmer $19 USA   Tech
37 Theo Albrecht Jr. $19 Germany   Retail
38 Leonardo Del Vecchio $19 Italy   Luxury
39 Len Blavatnik $19 USA   Diversified
40 Alisher Usmanov $19 Russia   Extractives
41 Mukesh Ambani $19 India   Extractives
42 Masayoshi Son $18 Japan   Telecom
43 Michael Otto $18 Germany   Retail
44 Phil Knight $18 USA   Retail
45 Tadashi Yanai $18 Japan   Retail
46 Gina Rinehart $18 Australia   Extractives
47 Mikhail Fridman $18 Russia   Extractives
48 Michael Dell $18 USA   Tech
49 Susanne Klatten $17 Germany   Cars
50 Abigail Johnson $17 USA   Finance
51 Viktor Vekselberg $17 Russia   Metals
52 Lakshmi Mittal $17 India   Metals
53 Vladimir Lisin $17 Russia   Transport
54 Cheng Yu-tung $16 Hong Kong   Diversified
55 Joseph Safra $16 Brazil   Finance
56 Paul Allen $16 USA   Tech
57 Leonid Mikhelson $16 Russia   Extractives
58 Anne Cox Chambers $16 USA   Media
59 Francois Pinault $16 France   Retail
60 Iris Fontbona $16 Chile   Extractives
61 Azim Premji $15 India   Tech
62 Mohammed Al Amoudi $15 Saudi Arabia   Extractives
63 Gennady Timchenko $15 Russia   Extractives
64 Wang Jianlin $15 China   Real Estate
65 Charles Ergen $15 USA   Telecom
66 Stefan Quandt $15 Germany   Cars
67 Germán Larrea Mota Velasco $15 Mexico   Extractives
68 Harold Hamm $15 USA   Extractives
69 Ray Dalio $14 USA   Finance
70 Donald Bren $14 USA   Real Estate
71 Georg Schaeffler $14 Germany   Product
72 Luis Carlos Sarmiento $14 Colombia   Finance
73 Ronald Perelman $14 USA   Finance
74 Laurene Powell Jobs $14 USA   Entertainment
75 Serge Dassault $14 France   Aviation
76 John Fredriksen $14 Cyprus   Transport
77 Vagit Alekperov $14 Russia   Extractives
78 John Paulson $14 USA   Finance
79 Rupert Murdoch $14 USA   Media
80 Ma Huateng $13 China   Tech

 

I didn’t provide this list to say whether these people are good or bad. I provide it, because whenever 80 people own as much as the poorest 50% of the globe, we sure better know who they are. We should also be cognizant of the disproportionate influence any of them can have on public affairs should they want to.