World's richest people 1990 - 2020

[Simpo Two]

Nicely presented and a reflection on changing times...

https://fb.watch/tlhARcnrde/

[Terminator X]

The Walton family, wtf

TX.

[ecs]

Walmart

[The Don of Croy]

Terminator X said:

The Walton family, wtf

TX.

Walmart Waltons?

[trickywoo]

Terminator X said:

The Walton family, wtf

TX.

It’s not Jim Bob and John Boy you tard

[Kerniki]

trickywoo said:

Terminator X said:

The Walton family, wtf

TX.

It’s not Jim Bob and John Boy you tard

Think it is, have you seen the price of lumbar

[ChocolateFrog]

And in the mean time wages in the UK have barely moved since the GFC.

But as long as they've all quadrupled their wealth that's OK.

[Kerniki]

ChocolateFrog said:

And in the mean time wages in the UK have barely moved since the GFC.

But as long as they've all quadrupled their wealth that's OK.

I would imagine you are significantly wealthier than the homeless guy in your town, is that ok?

The gap is no different to him (or more palatable) but i’m guessing you feel you deserve what you have, probably due to hard work and sacrifice..

[ChocolateFrog]

Kerniki said:

ChocolateFrog said:

And in the mean time wages in the UK have barely moved since the GFC.

But as long as they've all quadrupled their wealth that's OK.

I would imagine you are significantly wealthier than the homeless guy in your town, is that ok?

The gap is no different to him (or more palatable) but i’m guessing you feel you deserve what you have, probably due to hard work and sacrifice..

Is that what they call strawman? No it's not OK.

I joined the Army in 2011. In 2024 I'd start on around 2k more if I was starting today.

The Bank of England tells me there's been 43% inflation since then, which feels like an underestimate but still.

[Zaichik]

ChocolateFrog said:

And in the mean time wages in the UK have barely moved since the GFC.

But as long as they've all quadrupled their wealth that's OK.

not sure how they are connected?

The values of the most successful companies in the world have increased - so the people who own the most shares in those companies see their notional wealth increase. Equally you can see from the video on the link just how quickly things change for those same people if/when their companies are not successful.
If the UK as a whole was able to emulate the same success/growth as some of those companies then what would happen to the wages here?

[Simpo Two]

The Don of Croy said:

Terminator X said:

The Walton family, wtf

TX.

Walmart Waltons?

Interestingly they disappeared off the scale as a family, then came back two years later as individuals with equal wealth. A tax move perhaps? Also we see more families in the earlier years, unknown to most people, then the emergence of individual household names like Gates, Allen, Bezos and Musk.

[Hustle_]

Zaichik said:

ChocolateFrog said:

And in the mean time wages in the UK have barely moved since the GFC.

But as long as they've all quadrupled their wealth that's OK.

not sure how they are connected?

The values of the most successful companies in the world have increased - so the people who own the most shares in those companies see their notional wealth increase. Equally you can see from the video on the link just how quickly things change for those same people if/when their companies are not successful.
If the UK as a whole was able to emulate the same success/growth as some of those companies then what would happen to the wages here?

Ah yes the old 'trickle down' effect

[98elise]

Hustle_ said:

Zaichik said:

ChocolateFrog said:

And in the mean time wages in the UK have barely moved since the GFC.

But as long as they've all quadrupled their wealth that's OK.

not sure how they are connected?

The values of the most successful companies in the world have increased - so the people who own the most shares in those companies see their notional wealth increase. Equally you can see from the video on the link just how quickly things change for those same people if/when their companies are not successful.
If the UK as a whole was able to emulate the same success/growth as some of those companies then what would happen to the wages here?

Ah yes the old 'trickle down' effect

It makes no difference to have success/growth? I would say the opposite.

Edited by 98elise on Tuesday 16th July 17:39

[Greenmantle]

Simpo Two said:

The Don of Croy said:

Terminator X said:

The Walton family, wtf

TX.

Walmart Waltons?

Interestingly they disappeared off the scale as a family, then came back two years later as individuals with equal wealth. A tax move perhaps? Also we see more families in the earlier years, unknown to most people, then the emergence of individual household names like Gates, Allen, Bezos and Musk.

no death of the patriarch. these are the offspring. very similar to Mars and other families.

[The Don of Croy]

Following a visit to Blaenavon iron works I was idly looking up Bessemer (he of the process) which took me, in turn, to Andrew Carnegie.

Carnegie paid Bessemer >£100k for the licence more than 100 years ago. Bessemer also had other interests (gold paint) which made him considerably well off.

Mellon then buys Carnegie out of US Steel. The total (or so I read) would equal more than £350 billion in today's currency, or 10% off Rockefeller.

At one time the board of US Steel owned or controlled an equivalent of 10% of the US stock market. That's some serious dosh.

I'm not sure today's crowd have quite that clout (outside of oil sheikhs).