The document summarizes key findings from an Oxfam report on global wealth inequality. It finds that by 2016, the top 1% will own more wealth than the rest of the world combined. It also finds that 80 individuals now have the same amount of wealth as the bottom half of the world's population. Additionally, it shows that the financial and pharmaceutical sectors saw the largest growth in billionaire wealth from 2013-2014, and these sectors also spend hundreds of millions on lobbying each year.
Jean-Michel Severino, president of the impact investing group "Investisseurs & Partenaires" explores the current and future opportunities arising in African countries.
INFOGRAPHIC: The World's Top 20 Billionaires (2015)Dario Suveljak
This infographic shows “Crème de la crème” - the very top of the 20 richest people in the World - their net worth, demographic stats and how they utilize their wealth for public good. This is the story about the richest people in the world...
Tiger Worm Toilets (Oxfam Public Health Engineering webinar) Oxfam GB
Ever scratched your head trying to find safe excreta disposal solutions for pour flush latrines in congested urban slums, remote locations, high water tables, rocky ground and no-network areas? Well, this webinar could have the answers you've been looking for.
The worm based sanitation project in Monrovia was designed by Oxfam and inspired by the Biofil (from Ghana) and Tiger Toilet systems. This novel system aims to tackle the challenges of excreta disposal where de-sludging is not possible and was designed for pour flush latrines (where waste is disposed of directly into an above ground concrete chamber). The worms live in a bedding material (coconut fibre which has been soaked for 24 hours in water) and eat the waste flushed into the chamber. Excreta are deposited on this bedding material whilst the liquid is filtered through a media of gravel, charcoal and sand. The effluent produced is collected in an external sump, which is then emptied by the householder.
After 3 years there is virtually no waste to remove from the chamber as the worms eat and excrete nominal amounts. This approach of course requires community engagement, understanding and pro-activeness before, during and after the installation of the system.
For both the presentation and the audio, visit our YouTube channel: https://youtu.be/j04tGVNP6Xg
The fifth annual Global Wealth Report 2014 by the Credit Suisse Research Institute finds that from mid-2013 to mid-2014 aggregate global household wealth increased by 8.3% in current dollar terms to USD 263 trillion, despite an ongoing challenging economic environment. The analysis comprises the wealth holdings of 4.7 billion adults across more than 200 countries – from billionaires in the top echelon to the middle and bottom sections of the wealth pyramid, which other studies often overlook.
- Download the 2014 Global Wealth Report (PDF): http://bit.ly/1syUAv8
- Order the print version of the 2014 Global Wealth Report: http://bit.ly/11iQ1uL
Visit the Credit Suisse Research Institute website: http://bit.ly/18Cxa0p
The Credit Suisse Research Institute released its sixth annual Global Wealth Report, which focuses on how the middle class has developed since the turn of the century. It finds that the size and wealth of the middle class globally grew quickly before the financial crisis, but growth subsided after 2007 and rising inequality has squeezed its share of wealth in every region. In its analysis, Credit Suisse has taken a new approach to defining the middle class category, using a wealth-based definition – versus an income-based one – that allows for adjustments over time to reflect inflation, and also varies across countries depending on local purchasing power.
- Download the 2015 Global Wealth Report (PDF): http://bit.ly/1VPgIlc
- Order the print version of the 2015 Global Wealth Report: http://bit.ly/1K6hMVJ
Visit the Credit Suisse Research Institute website: http://bit.ly/18Cxa0p
Jean-Michel Severino, president of the impact investing group "Investisseurs & Partenaires" explores the current and future opportunities arising in African countries.
INFOGRAPHIC: The World's Top 20 Billionaires (2015)Dario Suveljak
This infographic shows “Crème de la crème” - the very top of the 20 richest people in the World - their net worth, demographic stats and how they utilize their wealth for public good. This is the story about the richest people in the world...
Tiger Worm Toilets (Oxfam Public Health Engineering webinar) Oxfam GB
Ever scratched your head trying to find safe excreta disposal solutions for pour flush latrines in congested urban slums, remote locations, high water tables, rocky ground and no-network areas? Well, this webinar could have the answers you've been looking for.
The worm based sanitation project in Monrovia was designed by Oxfam and inspired by the Biofil (from Ghana) and Tiger Toilet systems. This novel system aims to tackle the challenges of excreta disposal where de-sludging is not possible and was designed for pour flush latrines (where waste is disposed of directly into an above ground concrete chamber). The worms live in a bedding material (coconut fibre which has been soaked for 24 hours in water) and eat the waste flushed into the chamber. Excreta are deposited on this bedding material whilst the liquid is filtered through a media of gravel, charcoal and sand. The effluent produced is collected in an external sump, which is then emptied by the householder.
After 3 years there is virtually no waste to remove from the chamber as the worms eat and excrete nominal amounts. This approach of course requires community engagement, understanding and pro-activeness before, during and after the installation of the system.
For both the presentation and the audio, visit our YouTube channel: https://youtu.be/j04tGVNP6Xg
The fifth annual Global Wealth Report 2014 by the Credit Suisse Research Institute finds that from mid-2013 to mid-2014 aggregate global household wealth increased by 8.3% in current dollar terms to USD 263 trillion, despite an ongoing challenging economic environment. The analysis comprises the wealth holdings of 4.7 billion adults across more than 200 countries – from billionaires in the top echelon to the middle and bottom sections of the wealth pyramid, which other studies often overlook.
- Download the 2014 Global Wealth Report (PDF): http://bit.ly/1syUAv8
- Order the print version of the 2014 Global Wealth Report: http://bit.ly/11iQ1uL
Visit the Credit Suisse Research Institute website: http://bit.ly/18Cxa0p
The Credit Suisse Research Institute released its sixth annual Global Wealth Report, which focuses on how the middle class has developed since the turn of the century. It finds that the size and wealth of the middle class globally grew quickly before the financial crisis, but growth subsided after 2007 and rising inequality has squeezed its share of wealth in every region. In its analysis, Credit Suisse has taken a new approach to defining the middle class category, using a wealth-based definition – versus an income-based one – that allows for adjustments over time to reflect inflation, and also varies across countries depending on local purchasing power.
- Download the 2015 Global Wealth Report (PDF): http://bit.ly/1VPgIlc
- Order the print version of the 2015 Global Wealth Report: http://bit.ly/1K6hMVJ
Visit the Credit Suisse Research Institute website: http://bit.ly/18Cxa0p
Measuring people’s perceptions, evaluations and experiences: Why they matter ...StatsCommunications
First webinar of the series: Measuring people's perceptions, evaluations and experiences, 22 September 2020, More information at: http://www.oecd.org/statistics/lac-well-being-metrics.htm
Recent political and economic developments in Brazil. Perspectives and challenges. Business opportunities: (i) social and economic dynamics, (ii) business climate, (iii) regional development, (iv) clusters, and (v) growth acceleration program
Presentation by: Martine Durand (OECD Chief Statistician and Director of Statistics and Data)
OECD Conference on wealth inequalities: Measurement and policies
Paris, 26 April 2018.
Millennials or Centennials? Following The Needs of The Silver GenerationKim Bingham
In the quest for growth, many organisations focus on “what’s new” and the tastes of the young. A contrarian approach, focused on the elderly, may be larger and more profitable. Do you have a strategy for the fastest growing demographic in the world?
“Follow the money” in order to better understand the framework for global health governance: this presentation by Dr. Tim Mackey employs IHME-coordinated research while teaching the evolution of global health financing.
Future World Giving - Recognising the potential of middle class givingIDIS
Apresentação realizada por Adam Pickering, International Policy Manager da Charities Aid Foundation (CAF), por ocasião da realização da primeira edição de 2014 dos módulos nacionais da CAF Foundation School, iniciativa no Brasil desenvolvida pelo IDIS.
Brazil and the world economy. By the year 2050, the E7, the world´s seven emerging economies – China, India, Russia, Brazil, Indonesia, Mexico and Turkey – will overtake the economies of the G7 – US, Japan, Germany, UK, France, Italy and Canada. This will create exciting business and investment opportunities across multiple markets, including consumer, agricultural, industrial, banking and logistics. Brazil faces challenges but offers business opportunities
World Wealth Report 2014 from Capgemini and RBC Wealth ManagementCapgemini
The World Wealth Report 2014 from Capgemini and RBC Wealth Management is the industry’s leading benchmark for tracking high net worth individuals (HNWIs), their wealth, and the global and economic conditions that drive change in the Wealth Management industry. Based on survey responses from more than 4,500 HNWIs, the World Wealth Report 2014 features the Global HNW Insights Survey, the industry’s most in-depth global research on HNWI preferences and behaviors.
Do the Millionaires Still Live Next Door, or Have They Moved? Demographics o...Pam Danziger
In this white paper, entitled "Do the Millionaires Still Live Next Door or Have They Moved: Demographics of Millionaires," published jointly by Unity Marketing and American Affluence Research Center, ten commonly-held myths about millionaires and HNW consumers are examined and debunked.
If you market a premium or luxury product, or retail such products, and you believe any of the following “myths” about millionaires, your marketing program and sources of data need to be revisited and refined.
The opportunity for luxury and premium brands is huge today given the rapidly growing numbers of wealthy households, but marketers may be missing the opportunity by not putting research-based insights to work. Any one of these millionaire myths can derail success in marketing to millionaires. Unity Marketing and American Affluence Research Center can fill the gaps.
Generation Gap? Political and Economic Sentiment Across Three GenerationsRommell Montenegro
Millennials, born between 1980 and 2004, are now the largest and most diverse segment of the U.S. population. Not surprisingly, there has been a surge of recent research attempting to understand how this generation thinks, works and shops. One area that has received relatively little attention is differences in political and economic sentiment across the three largest generation groups.
Are Millennials more optimistic about the economy? Who cares the most about immigration policy? Which age group is the best target for messages about healthcare? As the US recovers from a recession and looks towards the next presidential election, it becomes critical to understand these market trends.
The Longevity Economy: How People Over 50 Are Driving Economic and Social Val...Longevity Network
The full 2016 Longevity Economy Report.
Background: By 2015, more than 1.6 billion people in the world were part of the 50-plus cohort. By 2050, this number is projected to nearly double to about 3.2 billion people. Throughout the world, the growth of this age group is having a transformative impact, economically and socially. The U.S. alone is home to 111 million in the 50-plus cohort; they represent a powerful force that is driving economic growth and value. This is the Longevity Economy, representing the sum of all economic activity driven by the needs of Americans age 50 and older, and includes both products and services they purchase directly and the further economic activity this spending generates. The difference it makes is substantial. In our first report released in 2013, the Longevity Economy fostered $7.1 trillion in annual economic activity. This figure has now been revised up to $7.6 trillion in our 2016 report. The outsized contribution reflects the changing demographics, wealth and spending patterns of the 50-plus population as the life span increases and the Longevity Economy becomes more pervasive and central to economic and social policies.
Steps towards a living wage in global supply chainsOxfam GB
In Dec 2014 Oxfam released an issue briefing on the living wage. You can read more about it here: www.oxfam.org.uk/livingwage
We've made this presentation available for anyone who would like to share the ideas from our living wage paper. It is fully editable, includes key graphics, and can be incorporated into other corporate presentations.
Measuring people’s perceptions, evaluations and experiences: Why they matter ...StatsCommunications
First webinar of the series: Measuring people's perceptions, evaluations and experiences, 22 September 2020, More information at: http://www.oecd.org/statistics/lac-well-being-metrics.htm
Recent political and economic developments in Brazil. Perspectives and challenges. Business opportunities: (i) social and economic dynamics, (ii) business climate, (iii) regional development, (iv) clusters, and (v) growth acceleration program
Presentation by: Martine Durand (OECD Chief Statistician and Director of Statistics and Data)
OECD Conference on wealth inequalities: Measurement and policies
Paris, 26 April 2018.
Millennials or Centennials? Following The Needs of The Silver GenerationKim Bingham
In the quest for growth, many organisations focus on “what’s new” and the tastes of the young. A contrarian approach, focused on the elderly, may be larger and more profitable. Do you have a strategy for the fastest growing demographic in the world?
“Follow the money” in order to better understand the framework for global health governance: this presentation by Dr. Tim Mackey employs IHME-coordinated research while teaching the evolution of global health financing.
Future World Giving - Recognising the potential of middle class givingIDIS
Apresentação realizada por Adam Pickering, International Policy Manager da Charities Aid Foundation (CAF), por ocasião da realização da primeira edição de 2014 dos módulos nacionais da CAF Foundation School, iniciativa no Brasil desenvolvida pelo IDIS.
Brazil and the world economy. By the year 2050, the E7, the world´s seven emerging economies – China, India, Russia, Brazil, Indonesia, Mexico and Turkey – will overtake the economies of the G7 – US, Japan, Germany, UK, France, Italy and Canada. This will create exciting business and investment opportunities across multiple markets, including consumer, agricultural, industrial, banking and logistics. Brazil faces challenges but offers business opportunities
World Wealth Report 2014 from Capgemini and RBC Wealth ManagementCapgemini
The World Wealth Report 2014 from Capgemini and RBC Wealth Management is the industry’s leading benchmark for tracking high net worth individuals (HNWIs), their wealth, and the global and economic conditions that drive change in the Wealth Management industry. Based on survey responses from more than 4,500 HNWIs, the World Wealth Report 2014 features the Global HNW Insights Survey, the industry’s most in-depth global research on HNWI preferences and behaviors.
Do the Millionaires Still Live Next Door, or Have They Moved? Demographics o...Pam Danziger
In this white paper, entitled "Do the Millionaires Still Live Next Door or Have They Moved: Demographics of Millionaires," published jointly by Unity Marketing and American Affluence Research Center, ten commonly-held myths about millionaires and HNW consumers are examined and debunked.
If you market a premium or luxury product, or retail such products, and you believe any of the following “myths” about millionaires, your marketing program and sources of data need to be revisited and refined.
The opportunity for luxury and premium brands is huge today given the rapidly growing numbers of wealthy households, but marketers may be missing the opportunity by not putting research-based insights to work. Any one of these millionaire myths can derail success in marketing to millionaires. Unity Marketing and American Affluence Research Center can fill the gaps.
Generation Gap? Political and Economic Sentiment Across Three GenerationsRommell Montenegro
Millennials, born between 1980 and 2004, are now the largest and most diverse segment of the U.S. population. Not surprisingly, there has been a surge of recent research attempting to understand how this generation thinks, works and shops. One area that has received relatively little attention is differences in political and economic sentiment across the three largest generation groups.
Are Millennials more optimistic about the economy? Who cares the most about immigration policy? Which age group is the best target for messages about healthcare? As the US recovers from a recession and looks towards the next presidential election, it becomes critical to understand these market trends.
The Longevity Economy: How People Over 50 Are Driving Economic and Social Val...Longevity Network
The full 2016 Longevity Economy Report.
Background: By 2015, more than 1.6 billion people in the world were part of the 50-plus cohort. By 2050, this number is projected to nearly double to about 3.2 billion people. Throughout the world, the growth of this age group is having a transformative impact, economically and socially. The U.S. alone is home to 111 million in the 50-plus cohort; they represent a powerful force that is driving economic growth and value. This is the Longevity Economy, representing the sum of all economic activity driven by the needs of Americans age 50 and older, and includes both products and services they purchase directly and the further economic activity this spending generates. The difference it makes is substantial. In our first report released in 2013, the Longevity Economy fostered $7.1 trillion in annual economic activity. This figure has now been revised up to $7.6 trillion in our 2016 report. The outsized contribution reflects the changing demographics, wealth and spending patterns of the 50-plus population as the life span increases and the Longevity Economy becomes more pervasive and central to economic and social policies.
Similar to Wealth: Having it all and wanting more (20)
Steps towards a living wage in global supply chainsOxfam GB
In Dec 2014 Oxfam released an issue briefing on the living wage. You can read more about it here: www.oxfam.org.uk/livingwage
We've made this presentation available for anyone who would like to share the ideas from our living wage paper. It is fully editable, includes key graphics, and can be incorporated into other corporate presentations.
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
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Monitoring Health for the SDGs - Global Health Statistics 2024 - WHOChristina Parmionova
The 2024 World Health Statistics edition reviews more than 50 health-related indicators from the Sustainable Development Goals and WHO’s Thirteenth General Programme of Work. It also highlights the findings from the Global health estimates 2021, notably the impact of the COVID-19 pandemic on life expectancy and healthy life expectancy.
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Donate to charity during this holiday seasonSERUDS INDIA
For people who have money and are philanthropic, there are infinite opportunities to gift a needy person or child a Merry Christmas. Even if you are living on a shoestring budget, you will be surprised at how much you can do.
Donate Us
https://serudsindia.org/how-to-donate-to-charity-during-this-holiday-season/
#charityforchildren, #donateforchildren, #donateclothesforchildren, #donatebooksforchildren, #donatetoysforchildren, #sponsorforchildren, #sponsorclothesforchildren, #sponsorbooksforchildren, #sponsortoysforchildren, #seruds, #kurnool
State crafting: Changes and challenges for managing the public finances
Wealth: Having it all and wanting more
1. Author: Deborah Hardoon, Senior Researcher, Oxfam
Link to paper
http://policy-practice.oxfam.org.uk/publications/wealth-having-it-all-and-wanting-more-338125
OXFAM RESEARCH: Methodology and data sources January 2015
2. There were two main external data sources used for this analysis:
1 Credit Suisse Global Wealth Databook 2014
https://www.credit-suisse.com/uk/en/news-and-expertise/research/credit-suisse-research-
institute/publications.html
Data was extracted from the 2014 report and a STATA file which included revised
calculations for global wealth and wealth shares dating back to 2000.
2 Forbes billionaires 2002–2014
http://www.forbes.com/billionaires/
Data was extracted from the Forbes billionaires list as of March each year, from
2002 to 2014.
3. • By 2016, the top 1% of people in the world will have more wealth than the bottom
99%.
• 80 people now have the same wealth as the bottom half of the world’s population,
down from 388 in 2010.
• 20% of the Forbes billionaires are listed as having interests or activities relating to
the financial and insurance sectors.
• Billionaires with interests and activities in the pharmaceutical sector saw the
largest percentage increase in their wealth 2013–2014
• During 2013, companies from the financial and insurance sectors spent $550m on
lobbying policy makers in Washington and Brussels alone.
• The most prolific lobbying activities in the US are on budget and tax issues
4. BY 2016 THE TOP 1% WILL HAVE MORE WEALTH
THAN THE REST OF THE WORLD COMBINED
The concept: We know that the top 1% have a huge amount of wealth, but is this
amount increasing, and what does this suggest for the future?
Data sources: Credit Suisse Global Wealth Databook (2000–2014)
40
42
44
46
48
50
52
54
56
58
%Shareglobalwealth
Share of global wealth of the top 1% and bottom 99%
respectively
Bottom 99%
Top 1%
5. BY 2016 THE TOP 1% WILL HAVE MORE WEALTH
THAN THE REST OF US COMBINED
The results:
40
42
44
46
48
50
52
54
56
58
%Shareglobalwealth
Share of global wealth of the top 1% and bottom 99% respectively;
dashed line projects the 2010–2014 trend
Top 1%
Bottom 99%
6. BY 2016 THE TOP 1% WILL HAVE MORE WEALTH
THAN THE REST OF THE WORLD COMBINED
What does this tell us?
• The last few years have set us on a worrying trend.
• Since the end of the financial crisis, many people have struggled to regain
jobs and to manage under austerity packages. In contrast, the richest appear
to be increasing their wealth during this period, capitalizing on the increase in
asset values that only they have access to.
• There is an urgent need to halt and reverse this trend. There are already
extremely high levels of wealth inequality; let’s not let it get any worse.
7. BY 2016 THE TOP 1% WILL HAVE MORE WEALTH
THAN THE REST OF US COMBINED
The critique: ‘Why extrapolate only from 2010? Wealth inequality was higher in 2000.’
• The wealth share of the 1% has been extremely high for the last decade: worryingly
high levels in their own right.
• 2008/2009 marks a clear inflection point, following a real economic shock to the global
economy. After this point, we can identify a clear upward tick; our projection warns what
will happen in the next few years, if the trend continues.
40
42
44
46
48
50
52
54
56
58
%Shareglobalwealth
Share of global wealth of the top 1% and bottom 99%
respectively
Bottom 99%
Top 1%
8. 80 PEOPLE NOW HAVE THE SAME WEALTH AS
THE BOTTOM 50%
The concept: In 2014 in Davos, Oxfam’s paper ‘Working for the Few’ and
the famous 85 stat went viral. Now let’s look at extreme wealth inequality
over time ...
Data sources:
• Credit Suisse Global Wealth Databook (2000–2014)
• Forbes list of billionaires (2000–2014)
Calculation:
1
(%)
2
(%)
3
(%)
4
(%)
5
(%)
Bottom
50%
Total global
wealth
Wealth of
bottom
50%
2014 -0.3 0.1 0.1 0.3 0.5 0.7% $263 tr $1.8 tr
9. 80 PEOPLE NOW HAVE THE SAME WEALTH AS
THE BOTTOM 50%
Calculations:
0
500
1000
1500
2000
2500
3000
Totalwealth$bn(CurrentFX,
MoneyoftheDay)
Wealth of the 80 richest people has doubled in nominal terms 2009-2014, while the wealth
of the bottom 50% is lower in 2014 than it was in 2009
Wealth of bottom 50% ($bn)
Wealth of richest 80 people
(From Forbes, $bn)
10. 80 PEOPLE NOW HAVE THE SAME WEALTH AS
THE BOTTOM 50%
The results:
388
177
159
92
80
0
50
100
150
200
250
300
350
400
450
2010 2011 2012 2013 2014
Numberofbillionaires
# Billionaires who have the same amount of wealth as
the poorest half of world's population
11. 80 PEOPLE NOW HAVE THE SAME WEALTH AS
THE BOTTOM 50%
What does this tell us?
• A completely absurd distribution of the world’s wealth; inefficient and unjust
• A minority of people have more wealth than they could possibly know what
to do with, and it keeps growing
• Half of the population have negative, zero or small financial and non-
financial assets. This leaves them vulnerable to shocks; unable to own
property or assets that can support their livelihoods
12. 80 PEOPLE NOW HAVE THE SAME WEALTH AS
THE BOTTOM 50%
The critique: ‘7% of the poorest 10% of people on the planet live in the US’
Regional composition of global wealth distribution 2014
Source: Credit Suisse, Global Wealth Databook 2014, https://publications.credit-
suisse.com/tasks/render/file/?fileID=5521F296-D460-2B88-081889DB12817E02
SS
13. 80 PEOPLE NOW HAVE THE SAME WEALTH AS
THE BOTTOM 50%
The critique: ‘The bottom 10% have negative wealth; people with negative
wealth are not necessarily the poorest.’
• This is an analysis of net wealth: complex and hard to measure, but for
which we have the most reliable data from a credible source. Negative
wealth is an important part of the wealth picture.
• We compare the very top of the distribution with the bottom 50%; 3.5
billion people, 90% of whom live in developing countries.
• The negative wealth of the bottom 10% is a quarter of 1% of global wealth.
The top 10% have 87% of global wealth; the gross disparity of wealth
distribution is clear.
1
(%)
2
(%)
3
(%)
4
(%)
5
(%)
Bottom
50%
Total global
Wealth
Wealth of
bottom
50%
2014 -0.3 0.1 0.1 0.3 0.5 0.7% $263 tr $1.8 tr
14. 20% OF BILLIONAIRES HAVE INTRESTS AND/OR
ACTIVITIES IN THE FINACE/INSURANCE SECTOR
The concept: Wealth comes from somewhere, we want to unpack where the
wealthiest have made their money.
Data: Forbes billionaires 2013 and 2014
Calculations:
Billionaires
Wealth
2013
($mil)
Wealth
2014 ($mil)
Sector code
(Oxfam
coding)
Origin of wealth
(Forbes) Country
Bill Gates 67000 76000 Tech Microsoft United States
Carlos Slim Helu & family 73000 72000 Telecoms telecom Mexico
Amancio Ortega 57000 64000 Retail Zara Spain
Warren Buffett 53500 58200 Finance Berkshire Hathaway United States
Larry Ellison 43000 48000 Tech Oracle United States
Charles Koch 34000 40000 Diversified diversified United States
David Koch 34000 40000 Diversified diversified United States
Sheldon Adelson 26500 38000 Entertainment casinos United States
Christy Walton & family 28200 36700 Retail Wal-Mart United States
Jim Walton 26700 34700 Retail Wal-Mart United States
15. 20% OF BILLIONAIRES HAVE INTRESTS AND/OR
ACTIVITIES IN THE FINACE/INSURANCE SECTOR
Results:
Sector
Count of
billionaires in
2013 and 2014
Sum of wealth
2013 ($m)
Sum of wealth
2014 ($m)
Increase in
wealth ($m)
Increase in
wealth %
Grand total 1761 5432610 6447190 1014580 19%
Finance 326 998200 1147500 149300 15%
Real estate 160 391650 413050 21400 5%
Retail 155 657100 787050 129950 20%
Tech 131 446000 627440 181440 41%
Extractives 118 453100 437150 -15950 -4%
Product 110 225500 327400 101900 45%
Pharma 95 170050 249950 79900 47%
Diversified 95 377650 395050 17400 5%
Entertainment 67 170900 248300 77400 45%
16. 20% OF BILLIONAIRES HAVE INTRESTS AND/OR
ACTIVITIES IN THE FINANCE/INSURANCE SECTOR
Results:
Billionaire
Wealth in
2013 $bn
Wealth in
2014 $bn
Increase
in wealth
Source of
wealth Nationality Gender
Warren Buffett 53.5 58.2 9%
Berkshire
Hathaway United States M
Michael
Bloomberg 27.0 33.0 22% Bloomberg LP United States M
Carl Icahn 20.0 24.5 23%
Leveraged
buyouts United States M
Prince Alwaleed
Bin Talal Alsaud 20.0 20.4 2% Investments Saudi Arabia M
George Soros 19.2 23.0 20% Hedge funds United States M
Joseph Safra 15.9 16.0 1% Banking Brazil M
Luis Carlos
Sarmiento 13.9 14.2 2% Banking Colombia M
Mikhail
Prokhorov 13.0 10.9 -16% Investments Russia M
Alexey
Mordashov 12.8 10.5 -18%
Steel,
investments Russia M
Abigail Johnson 12.7 17.3 36%
Money
management United States F
17. BILLIONAIRES WITH INTRESTS/ACTIVITIES IN THE
PHARMACEUTICAL/HEALTHCARE SECTOR SAW
THE LARGEST % INCREASE IN WEALTH 2013–2014
Results:
Billionaire
Wealth in
2013 $bn
Wealth in
2014 $bn
Increase
in wealth
Source of
wealth Nationality Gender
Ernesto Bertarelli
& family 11.0 12.0 9% Biotech,
investments Switzerland M
Dilip Shanghvi 9.4 12.8 36% Pharmaceuticals India M
Hansjoerg Wyss 8.7 10.5 21% Medical devices Switzerland M
Patrick Soon-
Shiong 8.0 10.0 25% Pharmaceuticals United
States M
Ludwig Merckle 7.1 8.6 21% Pharmaceuticals Germany M
Stefano Pessina 6.4 10.4 63% Drugstores Italy M
Thomas Frist Jr
& family 4.8 6.1 27% Healthcare United
States M
Gayle Cook 4.0 5.8 45% Medical devices United
States F
Curt Engelhorn 4.0 4.0 0% Pharmaceuticals Germany M
Cyrus
Poonawalla 3.9 4.9 26% Biotech/vaccines India M
18. 20% OF BILLIONAIRES HAVE INTRESTS AND/OR
ACTIVITIES IN THE FINANCE/INSURANCE SECTOR
What does this tell us?
• The financial sector is highly lucrative to individuals with activities and
interests in this sector, a sector that is widely thought to have contributed to
the global economic crisis, which has cost many ordinary people their homes
and jobs.
• This raises the question of whether the accumulation of wealth by a few is
paid for elsewhere in the economy. Indeed research from the IMF finds that
the US subsidizes their ‘too big to fail’ banks to the tune of $83bn annually.
• Billionaires from the pharmaceutical sector have increased their wealth by
$80bn in a single year. Meanwhile drugs continue to be prohibitively
expensive for many in need. This is a clear indication that corporate profit and
extreme wealth accumulation are prioritized over access to healthcare and
medicines.
19. $550m WAS SPENT BY FINANCE/INSURANCE
SECTOR LOBBYISTS IN BRUSSELS AND
WASHINGTON IN 2013
The concept:
‘Working for the Few’ found evidence to suggest that wealth is also associated
with political influence. Lobbying is one of the mechanisms that individuals,
companies and other organizations use to influence policy makers directly.
Data sources:
• Washington: Centre for Responsive Politics (opensecrets.org)
• Brussels: Corporate Europe Observatory
Calculations:
$400m in Washington
$150m in Brussels
20. $550m WAS SPENT BY FINANCE/INSURANCE
SECTOR LOBBYISTS IN BRUSSELS AND
WASHINGTON IN 2013
Results:
Annual lobbying on finance/insurance/real estate
Source: https://www.opensecrets.org/lobby/indus.php?id=F&year=2014
21. $550m WAS SPENT BY FINANCE/INSURANCE
SECTOR LOBBYISTS IN BRUSSELS AND
WASHINGTON IN 2013
What does this tell us?
• This is just the tip of the iceberg. Lobbying can take place at all levels of
government in all countries. And this is just one channel that people and
companies in positions of power and wealth can use to exercise their
influence.
• For profit-oriented companies, one can only assume that there will be a
financial return from this investment that will accrue through policies
favourable to their interests. It seems to be working, if you associate this with
the accumulation of wealth at the top.
• Ordinary people do not have the same access to policy influencing.
22. THE MOST PROLIFIC LOBBYING ACTIVITIES IN
THE US ARE ON BUDGET AND TAX ISSUES
Results:
Number of lobbying cases filed against each issue in the US in 2013
Source: https://www.opensecrets.org/lobby/top.php?showYear=2013&indexType=u
Issue Number of clients
Federal budget and appropriations 3219
Tax 1951
Health issues 1898
Transportation 1371
Defence 1297
Energy and nuclear power 1238