What crisis? Billionaires’ fortunes double since 2009

Rain's picture

 

RT - 11/12/13

Mexican tycoon Carlos Slim (right) and US business magnate Bill Gates (AFP Photo / Ronaldo Schemidt)

Mexican tycoon Carlos Slim (right) and US business magnate Bill Gates (AFP Photo / Ronaldo Schemidt)

Amid talk of austerity measures, lost jobs and slashed wages, the super-rich seem super-resistant, with their wealth doubling since the financial crisis, adding $226 billion to their wealth in the last year alone.

To better grasp the vast wealth of the ultra-high net-worth individuals (UHNW), their combined fortunes are now greater than the GDP of any country aside from the United States and China, and could fund the entire US budget deficit until 2024, according to the report.

More: RT.com

 

Tags: 

Category: