Daily Archives: April 17, 2010

3 billion versus 793

“The ranks of the astronomically rich thinned a bit as a result of the financial crisis that began in 2007. But according to Forbes, the world’s 793 billionaires as of 2009 still had a combined worth of $2.4 trillion. That’s twice the combined gross domestic product of all the countries of sub-Saharan Africa, according to the World Bank–and more than the total annual income of the poorest half of the world’s population.

“Yes, you read that correctly. There are 793 people with more money than 3 billion people.”

— Alan Maass, The Case for Socialism (3rd edition)