In light of our recent conversations about the wealthy. This article discusses the situation in the UK.
There are now 104 billionaires based in the UK with a combined wealth of more than £301bn, the list says.
That means the UK has more billionaires per head of population than any other country.
Recognize any of the following people? Thinking globally- what does income inequality look there?
Top 25
- Sri and Gopi Hinduja, £11.9bn, up £1.3bn
- Alisher Usmanov, £10.65bn, down £2.65bn
- Lakshmi Mittal and family, £10.25bn, up £250m
- Len Blavatnik, £10bn, down £1bn
- Ernesto and Kirsty Bertarelli, £9.75bn, up £2.35bn
- John Fredriksen and family, £9.25bn, up £450m
- David and Simon Reuben, £9bn, up £719m
- Kirsten and Jorn Rausing, £8.8bn, up £3.69bn
- Roman Abramovich, £8.52bn, down £780m
- The Duke of Westminster, £8.5bn, up £700m
- Galen, Hilary and George Weston and family, £7.3bn, up £650m
- Charlene de Carvalho-Heineken and Michel de Carvalho, £6.36bn, down £635m
- Mohamed Bin Issa Al Jaber and family, £6.16bn, up £1.65bn
- Carrie and Francois Perrodo and family, £6.14bn, new
- German Khan, £6.08bn, new
- Sir David and Sir Frederick Barclay, £6bn, up £3.65bn
- Hans Rausing and family £5.9bn, up £1.18bn
- Nicky Oppenheimer and family, £4.57bn, up £785m
- Earl Cadogan and family, £4.2bn, up £525m
- Joseph Lau and family, £4.03bn, down £570m
- Sir Philip and Lady Green £3.88bn, no change
- Denis O'Brien, £3.85bn, up £486m
- Mike Ashley, £3.75bn, up £1.45bn
- Sir Richard Branson and family, £3.6bn, up £86m
- Idan Ofer, £3.43bn, new
This is interesting to behold when in our reading the United States is characterized as the country with greatest disparity of wealth. Are our lower income earners that much worse off or just more numerous than those in the UK.
ReplyDeleteIncome inequality is everywhere. I guess we just pay more attention to the United States because it is the country used as a role model to follow for most of the other developing countries around the world.
ReplyDeleteAs Erika said income inequality is everywhere. In terms of income inequality in the developed world US is the worst one. However, this is not to say the bottom quintile earns less than the bottom quinitle of other developed countries. There are many other developed countries which have bottom percentile earning less than that of US. It is hard to compare the income in different countries. For example, people who earn less than $2 a day are considered to be under poverty. By that logic, poverty in United States in non-existent. However, this is not the case. Inequality is not about what how much lower income earners earns, it is about how wealth is distributed in relation to the amount of wealth generated.
ReplyDeleteAgain, this article only looks at the top side of inequality. While the income gap should not be ignored, I still think that the focus should be on poverty rates and other such measures of the economic standing of the lower classes.
ReplyDelete