The cumulative condition of billionaires in the world increased to $ 6 trillion

The cumulative condition of billionaires in the world increased to $ 6 trillion

The wallets of rich people around the worlds are even more. The experts reported an increase in total state billionaires by 17%, which is 6 trillion dollars. They believe that this is the beginning of a new gilded age.

Called the gilded age period in the history of the USA, during which there was a sharp growth of the economy and the General welfare. It then came multi-millionaires like Carnegie, Rockefeller and Vanderbilt.

The cumulative condition of billionaires in the world increased to $ 6 trillion

In 2016 the world’s richest people increased their wealth to a record 6 trillion – more than twice the UK GDP. According to the report UBS/PwC Billionaires, in the world there are 1542 billionaires.

Island Stadler, the lead author of the report, said that its customers are billionaires expressed concern about the growing inequality between rich and poor, which can lead to «counter-attack».

«The question is whether this provision is sustainable and at what point the public will intervene and strike? – said Stadler. – We are in a period of two years are at the peak of the second gilded age».

Recall that in the early 1900s years, the middle class rebelled against the monopoly-millionaires, which led to the increase in taxes on wealth and the dissolution of companies and trusts. This marked the end of the so-called gilded age.

Stadler said that last year, the state of billionaires increased by 17% due to high efficiency of their companies and investments, particularly in the area of technologies and products. The average income of billionaires was twice that of the global stock markets.

In the report, UBS/PwC Billionaires it was recorded that the Asian billionaires are starting to overtake their American counterparts. If the current trend continues, then after 4 years their condition will be more than the rich USA.

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