The World’s Wealthiest Family Gets $4 Million Richer Every Hour

Ted

FYI: The 25 wealthiest dynasties on the planet control $1.4 trillion.

The numbers are mind-boggling: $70,000 per minute, $4 million per hour, $100 million per day.

That’s how quickly the fortune of the Waltons, the clan behind Walmart Inc., has been growing since last year’s Bloomberg ranking of the world’s richest families.

At that rate, their wealth would’ve expanded about $23,000 since you began reading this. A new Walmart associate in the U.S. would’ve made about 6 cents in that time, on the way to an $11 hourly minimum.

Even in this era of extreme wealth and brutal inequality, the contrast is jarring. The heirs of Sam Walton, Walmart’s notoriously frugal founder, are amassing wealth on a near-unprecedented scale — and they’re hardly alone.

The Walton fortune has swelled by $39 billion, to $191 billion, since topping the June 2018 ranking of the world’s richest families.
Regards,
Ted
https://www.bloomberg.com/features/richest-families-in-the-world/

Old_Joe

This is so outrageous I'm simply at a loss for words.

Ted

@Old_Joe: Haven't you heard, the rich get richer, and the poor have children.
Regards,
Ted

MikeM

@Ted, there is a richness to having children... after they become self sufficient of course.

Just kidding. Lots of good memories. Things they did that used to make me mad at the time we laugh about now, over a cold beer.

davidrmoran

Speaking of being at a loss for words, check it out further:

https://www.washingtonpost.com/opinions/2019/10/07/americas-greedy-unpatriotic-millionaires-billionaires/

hank

Well, they probably don’t have to trek all the way down to the local library to read the WSJ.