Accumulated Wealth facts
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The 100 richest people on earth have an accumulated wealth of 2.09 trillion USD. If they were a country, it would be the 13th richest country on the globe, just beneath Italy and above South Korea.
how is wealth accumulated?
"Methuselah Trusts," trust funds designed to accumulate massive wealth over hundreds of years through the power of compound interest. One such trust, set up for Hartwick College in 1936, was so massive, it was feared it “could ultimately shatter the nation’s financial structure.”
What is accumulated wealth for business?
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what is accumulated wealth?
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Hitler was one of the wealthiest authors of all time. He accumulated a vast personal wealth from the royalties of his book Mein Kampf. As his fame rose, his income reached the equivalent of nearly $12M a year. This effectively allowed him to buy his way to Chancellor.
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Tristan da Cunha, a British island in the Atlantic 2400 km away from the nearest continent, is a commune, where all land is communally owned and cattle numbers are restricted to discourage wealth accumulation.
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During the Great Depression, governor Huey Long proposed a provision that would limit the wealth an individual could accumulate to 300 times the average family fortune.
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Marcus Licinius Crassus, an ancient Roman politician with an estimated wealth of $2 trillion. He accumulated his wealth by 'inheriting' the estates of executed criminals and would often kill innocent civilians to acquire their estates too.
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About "Patrimonial Capitalism" where the power of accumulated wealth becomes so strong the offspring of the wealthy eventually own and control society through their money.
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20% of America's accumulated wealth for the past two centuries has gone missing/unaccounted for.
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Jeff Bezos would need to spend $28 million a day to avoid accumulating more wealth
