(Isaac Davis) A recent report by Oxfam International highlights the dramatic rise in income inequality by noting that the combined wealth of the world’s top 8 individual billionaires is more than the lower half of the world’s population, some 3.6 billion people. The intention of the report was to bring awareness to the unfairness and injustice inherent in our global economic system.
by Isaac Davis, January 20th, 2017
“It calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few.” [Oxfam]
- Bill Gates – $75 b
- Amancio Ortega – $67 b
- Warren Buffett – $60.8 b
- Carlos Slim Helu – $50 b
- Jeff Bezos – $45.2 b
- Mark Zuckerberg – $44.6 b
- Larry Ellison – $43.6 b
- Michael Bllomberg – $40 b
“Around that time, Rothschild sent his five sons to live in the capital cities of various European countries. His goal was to have each of his children establish a banking business in Frankfurt, Naples, Vienna, Paris, and London, and throughout the 1800s, they did. With Mayer Rothschild’s children spread across Europe, the Rothschilds became the first bank to transcend borders. Lending to governments to finance war operations for the past several centuries provided ample opportunity to accumulate bonds and shore up additional wealth in a range of different industries.” [Source]
“Traditionally, the Rothschild fortune is invested in closely held corporations. Most family members are employed by these corporations directly or invested in operations that generate family wealth. The remarkable success of the family has largely been due to a strong interest in cooperation, being entrepreneurs and the practice of shrewd business principles.” [Source]
“…their holdings span a number of diverse industries, including financial services, real estate, mining, energy and even charitable work.There are a few Rothschild-owned financial institutions still operating in Europe, including N M Rothschild & Sons Ltd in the United Kingdom, and Edmond de Rothschild Group in Switzerland. The family also owns more than a dozen wineries in North America, Europe, South America, South Africa and Australia.” [Source]
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