Wealth of World Billionaires Has Doubled Since 2009

Collectively, the world’s billionaires are now worth close to $6.5 trillion, almost equal to the GDP of China (GDP is basically the total value of all goods and services produced in a country in a year). The number of billionaires has also grown from 1,360 in 2009 to 2,170 today. Here are two other eye-opening figures from the full article

The world’s 2,170 billionaires own $48 billion in yachts, or an average of $22 million each. To put this figure in perspective, the United Nations has estimated that ending global hunger would take an investment of $30 billion per year.

If the wealth of New York City’s billionaires were divided up among the city’s 1.7 million poor residents, they would each get $170,000.”

It is also interesting to note that 93% of the income growth in the United States since 2009 has been captured by the top 1%.

For more facts and figures about the wealth of our world’s billionaires, click the link below for the full article:

For further reading on the expanding wealth gap in America since the Recession, check out this article:

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