Tuesday 31 December 2019
Private jets and trillion-dollar windfalls: Why 2019 was a great year to be rich
<p>The world’s 500 top billionaires added $1.2 trillion to their net worth, and private jet sales soared. But the working class finally made some gains, too.</p><br /><p>Any year is a good year to be rich, but 2019 was particularly remunerative. All told, the 500 masters of the universe topping the Bloomberg Billionaires Index gained $1.2 trillion in net worth in the past year—a remarkable 25% gain. To put that figure in perspective, $1.2 trillion is about the same as the entire gross domestic product of Mexico. Their total net worth—now $5.9 trillion—exceeds the GDP of every country in the world, except for the United States and China. In September, the US government reported that income inequality in the country had hit the highest level since the Census Bureau began tracking it more than five decades ago.</p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>
from The Internet Marketing News | Published News https://ift.tt/2ZEnhfk
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