Chris's Rants

Saturday, February 28, 2004

Cha... ching! How much is enough?

(background music, Pink Floyd's Money) This NYT Editorial points out that this years Forbes annual list of billionaires has grown by more than 25% (111) over last year. A total of 55 of the new billionaires are U.S. citizens, pretty much in keeping with the overall percent increase (24% and change).

Whoa. That must have been some tax break!

The combined net worth of these people is around $1.9 trillion (with a tee). According to the World Bank, the 2002 Gross Domestic Product of Germany (number 3 on the list) was 1.9 trillion (with a tee).

Holy bank account, Batman!

These 587 people have a combined net worth that is about as large as the GDP third richest nation on the planet.

That just blows my mind.

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