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Jeff Bezos Earns More In 30 Seconds Than The Average Worker Makes In A Year

 
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12/09/2018 01:23 PM

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Jeff Bezos Earns More In 30 Seconds Than The Average Worker Makes In A Year
[link to www.zerohedge.com (secure)]




Have you ever wondered how long it takes for the world's wealthiest captains of industry to earn what you make in a year? For many, the reality is too depressing to fathom.

But for any curious parties eager to learn the painful truth, ABC Finance has created a series of infographics that break down how much the world's wealthiest people earn - and how it compares to the average salary for regular non-billionaire workers.

While millions of Americans no doubt enjoyed some degree of schadenfreude watching the correction in FAANG stocks wipe out nearly $1 trillion of value from the largest US tech firms: Mark Zuckerberg alone has lost nearly $100 billion of his personal wealth since the beginning of 2018, and Amazon CEO Jeff Bezos has lost as much as $13 billion or more in a single day. But that doesn't change the fact that the world's billionaires enjoyed their highest-earning year on record in 2017 as their wealth increased by a combined $9 trillion.


Helped by the asset-friendly policies of the world's largest central banks, the wealthiest 1% of the world now owns nearly half the wealth. The 54 billionaires living in the 54 UK alone have an aggregate $160 billion in wealth, equivalent to over 6% of Britain’s GDP. Meanwhile, the average worker earns about $37,000 a year. Virgin CEO Richard Branson earns that amount in roughly 25 minutes.
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