The 10 Countries With The Most Billionaires

(THIS ARTICLE IS COURTESY OF TRIP TRIVIA)

 

The 10 Countries With The Most Billionaires

 

Countries With the Most Billionaires

The world is home to about 2,754 billionaires who together control $9.2 trillion in wealth, according to the 2018 Billionaire Census, compiled annually by Wealth-X.

While billionaires are spread out all over the globe, that wealth is concentrated in a small handful of countries. As it turns out, 40 percent of the world’s billionaires reside in the countries below.

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10. United Arab Emirates

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The United Arab Emirates, or UAE, is an oil-rich Arab nation on the Persian Gulf. It’s also home to 62 billionaires who together have a total wealth of $168 billion.

Dubai, the capital city, is one of the world’s most popular tourist destinations, thanks to architectural wonders like the Burj Khalifa — which is currently the tallest building in the world. Dubai is also home to 65 percent of the nation’s billionaires, according to Wealth-X data.

9. Saudi Arabia

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Saudi Arabia is a mecca for billionaires, literally and figuratively. The country ties its neighbor for the total number of billionaires with 62, but it’s got the UAE beat in terms of shared wealth. Saudi billionaires hold a total of $169 billion, $1 billion more than their Emirati counterparts.

Saudi Arabia is the largest economy in the Middle East, thanks to the more than 266,000 barrels of untapped oil lying beneath its desert sands. The nation exports more oil than any other country, and the size of its reserve is second only to Venezuela.

8. United Kingdom

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The United Kingdom is home to 90 billionaires at last count, who together hold $251 billion.

You might be surprised to learn that Queen Elizabeth II isn’t among them; she’s worth only half a billion. The U.K. billionaire club includes a diverse list of business people such as steel tycoon Lakshmi Mittal ($18.9 billion), bagless vacuum inventor Sir James Dyson and family ($12.3 billion), and Virgin Atlantic founder and space cowboy Richard Branson ($4.1 billion).

But you’ve probably never heard of the U.K’s richest man: Jim Ratcliffe, CEO of London-based chemical manufacturer Ineos. Ratliffe is entirely self-made, mortgaging his house to buy his first chemical assets.

7. Hong Kong

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We know, we know. Hong Kong isn’t really a country, per se. It is a semi-autonomous region of China. But its high concentration of billionaires makes it worthy of distinction. The city-state has a total of 93 billionaires worth a combined $315 billion.

In terms of billionaire cities, Hong Kong is ranked second, nestled between New York (#1) and San Francisco (#3). Hong Kong owes its wealth to more than a century of British rule, which came to an end in 1997. Possessing one of the world’s busiest shipping ports, Hong Kong became a manufacturing powerhouse.

The country’s richest person is 90-year-old entrepreneur Li Ka-shing. A high school dropout, Li made his fortune in plastic manufacturing, port development, and retail.

6. Russia

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Russia is home to 96 billionaires worth a combined $351 billion. That number doesn’t include the net worth of President Vladimir Putin, who is rumored to be the world’s richest man with $200 billion in secret assets. But according to documents filed with the Russian election commission, Putin only claims to earn an average annual salary of $112,000.

Officially, Russia’s richest man is Leonid Mikhelson at $23.6 billion. Mikhelson is CEO of Novatek, Russia’s largest independent natural gas company. He’s among the politically powerful Russian oligarchs who rose to power after rapidly gobbling up assets when Russia’s state-owned companies went private.

5. Switzerland

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Switzerland has 99 billionaires worth a total of $265 billion. That’s a high concentration of billionaires for such a small country, and once a year it gets even more concentrated. CEOs and heads of state from all over the world descend upon the snowy ski-town of Davos at the beginning every year for the World Economic Forum.

Many Swiss billionaires owe their riches to the banking and financial industry. Provided the country’s neutral status during both World Wars, and its centuries-long tradition of secrecy, Swiss banks became a global favorite. In 2018 it was estimated that Swiss banks held $6.5 trillion in assets, which is a quarter of all global cross-border assets.

4. India

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India is a country of extremes. About 58 percent of the population lives in extreme poverty, surviving off less than $3.10 a day. It is also home to one of the fastest-growing economies and 104 billionaires in total. Together India’s billionaires are worth $299 billion.

The country’s richest man is Mukesh Ambani, who is worth an estimated $49.6 billion. He owns 43 percent of Reliance Industries, which owns a little bit of everything: energy, oil, textiles, retail stores and telecom. Ambani also owns a professional cricket team, the Mumbai Indians.

3. Germany

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With 152 in total, you might be asking why Germany has so many billionaires. The answer is cars, machines, chemicals, electronics and groceries.

As it turns out, that “Germany engineering” you always hear about is a real thing, and it’s worth a lot of money. German billionaires control a total of $466 billion in assets, much of it earned from industrial and chemical manufacturing companies.

But the country’s richest person is Dieter Schwarz, whose company owns Europe’s largest supermarket chains, Lidl and Kaufland. At 79, Schwarz is worth a whopping $24.9 billion.

2. China

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At 338, China is home to 12 percent of the world’s billionaires who together possess $1 trillion in total wealth. Deng Xiaoping, who served as leader from 1978 to 1989, paved the way for the country’s growth by drastically reforming the economy. Flash forward to today where China generates a new billionaire every two days, according to UBS. The richest among them is Alibaba founder Jack Ma, with a net worth of $40.1 billion.

1. The United States

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The United States is far and away the leader when it comes to billionaires with a total of 680. That is 25 percent of all billionaires in the world. U.S. billionaires have more than $3.16 trillion in assets combined.

America’s four richest billionaires are household names: Amazon founder Jeff Bezos ($120 billion), Microsoft co-founder Bill Gates ($95.5 billion), investing genius Warren Buffett ($82.5 billion) and Facebook creator Mark Zuckerberg ($65.9 billion).

 

 

Mitch McConnell, My Homes State Habitual Fraud And Liar?

(THIS WAS SENT TO ME BY A LONG TIME FRIEND IN ILLINOIS VIA FB)

 

18 hrs

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Though You Are Rich You Are The Poorest Of All People On Earth

Though You Are Rich You Are The Poorest Of All People On Earth

 

 

I was born and raised in a poor, factory class family and I am a person who believes that there is honor in working for a living. Up until five years ago (shortly before I turned 57 yrs of age) I worked as hard as I could yet for really low wages. I know that I worked hundreds of weeks where I worked more than 100 hours per week and just gave my wages to a wife who hated me, I worked like a dog so that she could have. Even though my physical injuries derived from a lightning strike when I was in the army I am sure that the way I worked all of my adult life didn’t help my health any and aided in me becoming totally disabled back in 2013. My wife, son and I are surviving okay in this poor mans world we live in and except for all three of us having poor health it would be very unfair of me to complain about how we are getting along. There are always going to be people in higher and lower-income brackets than ourselves, someone is always going to be richer, someone poorer. To envy or to curse the wealthy is just as wrong as to mock those who are poorer than us.

 

I haven’t played the Lottery in about six years now, I used to think and say that this would be the only way that I would ever be able to afford to retire. Honestly I always thought that I would simply die at work someday. Yet I did always have a bit of a fantasy about what all I would do if I ever won one of those Lotteries. The first thing that I always wanted to do was to financially set up all of my family members and the few very long time friends that I have so that they would be able to be out of debt and hopefully, depending on the size of the winnings, set them all up so that they could retire from working if they wanted to. Then, if the winnings were big enough I wanted to help my home town and former home towns. Honestly, if I had ever won, lets say 200 million dollars I figured that I would have wanted to keep back between 1 to 2 million for myself my wife and my youngest son. Folks, to me, that is a lot of money even if it is only 1% or less. Why would I need more, to put it into investment accounts for myself, to make myself richer? If I had won such a thing should I have bought me a 7,000 square foot mansion in a gated community with armed security guards? Should I have bought me a bunch of high-end cars and a couple of Limo’s so someone else could drive me around town so that I could look at all of those horrible poor people? Should I have been selfish and not even given anything to direct family members or to those few close friends that I have?

 

I used the title “though you are rich you are the poorest of all people on earth”, now I am going to back up via the Scriptures what I mean by this statement and how I personally come to this conclusion.

Proverbs 14: 31 and 35 He that oppresses the poor offends God but he that honors God has mercy on the poor. The King’s (God) favor is toward a wise servant: but His wrath is against him that causes shame.

Proverbs 21: 13 Whosoever shuts his ears to the cry of the poor, he also shall cry himself, but shall not be heard.

Proverbs 22: 16 He that oppresses the poor so that they can increase their own wealth, and he that gives to the rich, shall surely come to nothing.

Ecclesiastes 5: 8-9 If you see the oppression of the poor, and the violent subverting of judgement do not marvel at this for He who is higher than these people also sees what they are doing. Moreover, the profit of the earth is for all people for even the Kings need the products of the fields.

Isaiah 3: 15 “What mean ye that ye beat my people to peaces, and grind the face of the poor? Saith the Lord God of Hosts.”

Leviticus 19: 13 and 15 You shall not defraud your neighbor nor rob him: The wages of those that you have hired you shall not keep with you overnight. You shall do no unrighteousness in your judgement: you shall not respect the person of the poor, nor give honor to the mighty for only in righteousness are we to judge.

Isaiah 10: 1-2 Woe unto them which write unrighteous laws. To turn aside the needy from honest judgement, to take away the rights of the poor of My people, that widows may be their prey, and that they may rob the fatherless.

There are many, many more Scriptures along these lines but I hope that these will give us all the realization of how we all should perform our lives concerning our wealth and goods and the wealth and goods that the earth supplies for us all. Think about it for a moment, if I was worth 50 billion dollars how many states could I help out if I wasn’t greedy? How many countries could I help bring clean water to, better farming Technics, sanitation clean ups, basic housing with Indore plumbing? Reality is, I would be able to help many millions of people to survive and to help give them some basic human dignities. Or, I could just hoard the money and keep it all to myself. I just have one last question for all of us. Would you rather live the life of pleasure for 70-80 years then burn in Hell for trillions of years or live the life of a caring, giving poor person for 50-70 years then live in total luxury for ever and ever?

 

This Is How President Trump Is Going To Commit Treason Against The Working Class Who Voted For Him

 

First I would like to say to the readers of this article that I hope that I am wrong on this issue, but I don’t think that I am going to be wrong about President Trump and his agenda. As most of the people here in the States know, it was the white working class male voters who helped a whole lot in getting Mr. Trump elected last November. I just said working class though I almost said ‘middle-class’, the reason for saying working class instead is because as almost all of us know, the middle class has been sinking into the lower middle class arena for several decades now.  Our American financial society used to always be considered to be labeled into mainly three classes, you had the rich folks who tended to own the businesses where the middle class/working class earned their income while hoping to be able to have a decent life style. Then you had the working poor who were busting their behinds each day in menial jobs who were just trying to survive at all. These folks tend to be less educated and could only find minimum wage type jobs.

 

I was born in 1956 in a small  town in southwest Virginia to parents who never had the chance to go to college and were factory workers their whole lives. I learned early on that these factories only paid the minimum wage, what they had to by law. During the early 1960’s this wage was $1.25 per hour and this is what they both made. These factories only paid overtime because they were forced to by law but they did not have to give any benefits to their employees like insurance of any kind, or holiday pay, and they did not. Some politicians, mostly just Republicans, who argue that the people making the minimum wage are only teenagers and kids who are in school working part-time. People who live in the real world know that this argument is total BS. If these politicians lived in the real world they would also know that many millions of Americans work for companies that only pay between 10-50 cents per hour above whatever the minimum wage is at the time. Simply put almost all companies only pay their employees as much as they are forced to pay by law. The reason is simple and this reason is honest and true, the less you as an employer pay out in expenses the higher the profit amount that goes to the CEO’s and to the stockholders. This is just like in politics, the two parties want all of the credit on good bills and they are not willing to share in the glory. With companies the top end wants higher profits so that they can get bigger paychecks, the Stock Market then reinforces this theology of greed. Throughout human history it has been true that the people who are physically making the products receive the lowest income. Any pie is only finite, they are only just so large, their pieces are just capable of being so big, the trouble is when it comes to business everyone is wanting a bigger slice of that pie and the only way to achieve this is to take away from others who are in that pie pan with them.

 

For 14 years I lived in the Morristown Tennessee area so I am going to use Berkline as an example of greed and of not caring anything about the ‘working class’. When I moved there I went to change over my car plates and driver’s license as the law requires. I went there on a Monday morning shortly after they opened for business. When I came into the building there were two rather long lines of young Hispanic folks already there so I just fell into the back of a line. A lady that worked inside noticed me and she came out and got me and took me inside. When I asked her about the two lines of folks she told me that they were only there to get a state I.D. so that they could go to work, they weren’t there to do the same things I was there for. While doing the paperwork for me she told me her story about Berkline. She said she had worked there for 14 years and was only making about 25 cents above the  minimum wage. She said that one Monday morning as she was at her job station waiting for the ‘get to work’ buzzer to sound that her foreman came up to her with a very young Hispanic male who couldn’t even speak English and told her that this was her replacement that she was fired. You see, the company was busing in Mexican folks to take the local folks jobs. Think about it for a moment, you as a company fire your experienced workers who are barely making the minimum wage for people who have no experience, why would you do that? The answer is simple, the new hires were being paid less than the minimum wage and they knew that these folks would work hard and that they were afraid to complain about the work or the working conditions. Berkline was the largest employer in Morristown at that time and they basically fired almost all of the local workers. This situation lasted for a few years then the company decided it was cheaper to quit shipping workers up there from Mexico and just close the Morristown factory and move their operation to Mexico, so they did. The local economy lost hundreds of jobs at it really hurt the local economy. Now this type of issue is a big part of what Mr. Trump’s campaign rhetoric was about, punishing companies who do and or have done this type of thing. By the way, Berkline is the company that makes Lazy Boy furniture.

 

Now to the meat of this article. As we all know Mr. Trump is very pro business and I do not have any problem with this fact. Yet even though he says he will bring the “good” jobs back to America and he is/was talking about manufacturing jobs, as he has often said the “we” here in America don’t make anything any more. This sounds great and I hope he can do it. He also talks about lowering the business income tax down to about 15% and I do not have a problem with that either, as long as all the loopholes are eliminated so that they are actually paying that 15%.  Mr. Trump has a history of bashing Union workers and their Unions because they make too much money. He has recently bashed the Auto Industries and then he bashed the workers and their Union at the Carrier Air Conditioner factory in Indianapolis Indiana for the same thing. He very obviously believes that Union workers are lazy and overpaid. Mr. Trump has also spoken out several times about the minimum wage being to high as he has said ‘companies can’t afford it’. So here is what I believe Mr. Trumps ideology is about ‘bringing the good jobs’ back to this Country. His policies may help to bring jobs here to the States and they may well be industrial manufacturing type of jobs. But, here is my concern, let’s say a new steel mill opens back up in Bethlehem PA and they hire 500 workers to fill those open jobs, at $5.00 per hour with no benefits of any kind. Would this be a ‘good’ job for the employees? If he is able to get rid of the minimum wage and overtime laws (which he has also said he favors because of the expense to the company’s) Americans  will find themselves working ‘menial’ jobs like sales clerks and at burger joints like McDonald’s for two or three dollars per hour.

 

Before you say that this can’t happen, that Mr. Trump would never do something like this I want you to consider two pieces of facts. 1) Think about it , all of Mr. Trump’s businesses  products he has them made in third-world countries. The reason is very simple, higher profits for him personally. He has his products made in countries where there is no EPA laws to worry about, no minimum wage laws so the sweat shops can employ children and women at a dollar per day wages, no overtime pay laws, no benefits, no OSHA laws to protect the workers. He has spent his whole adult life preying on the poorest of the poor for his own personal benefit, do you really think he has all of a sudden changed, really? 2) When a company leaves the States and moves to (for example) Thailand or Malaysia or China they made the move to bring down their costs, if your company is on the Stock Market this is a great move for your stockholders. But who loses when this is done, folks it is the working class people here in the States. Now for the purpose of an illustration let us take cars as an example or shirts or shoes. The company closes their factory in let’s say Michigan and moved their production to Mexico for the purpose of cutting the company’s cost per unit. Have you ever seen the price of that product lowered for the consumer? The company’s aren’t going to move back to the States unless it is financially profitable for them to do so. I honestly believe that Mr. Trump’s intentions are to make himself and his billionaire buddies the recipients of a cash windfall at the expense of the people physically doing the work. You may get a new job because of Mr. Trump’s policies but if it is a $3.00 per hour job but the cost of living doesn’t drop with the wages there are going to be a lot more homeless and starving people right here in the States. Are you really naive enough to believe Mr. Trump gives a damn about you or your family? Like I said at the beginning of this article, I hope that I am wrong about these issues but I seriously doubt  that I am wrong on this.

RAMYA SOROOPAM

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