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.
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.
Even more galling, Facebook CEO earns the same sum every 60 seconds. Bezos earns the same sum every 28 seconds.
Read more at Zero Hedge.