Wealth of the World’s Billionaires Has More Than Doubled Over the Past Decade
Driven by massive inequality, the world’s richest grew their fortune from $6.3 trillion to $14 trillion.
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Everyone's wealth doubled.
Why would you think that?
Because inflation and stock markets are going nuts. And since everyone working has their pension invested, their wealth went up as well. Plus house prices went up. The problem is that people confuse wealth with money. And wealth is not money. You can't buy bread with wealth.
By definition if inflation doubles and the value of your estate doesn't change, your actual wealth didn't change.
your actual wealth didn't change
Actually, it did—it was cut in half.
