{"id":171545,"date":"2020-11-02T12:00:47","date_gmt":"2020-11-02T12:00:47","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=171545"},"modified":"2025-01-10T15:08:58","modified_gmt":"2025-01-10T15:08:58","slug":"the-worlds-five-wealthiest-families-control-735-billion","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2020\/11\/the-worlds-five-wealthiest-families-control-735-billion\/","title":{"rendered":"The World\u2019s Five Wealthiest Families Control $735 Billion"},"content":{"rendered":"<div class=\"subtitle\">\n<blockquote><p><em>Extreme income inequality has become an &#8220;explosive issue&#8221; in most contemporary societies.<\/em><\/p>\n<p style=\"text-align: left;\"><strong><em>5 Richest Families in the World:<\/em><\/strong><\/p>\n<ol style=\"text-align: left;\">\n<li>Walton US$215 billion<\/li>\n<li>Mars US$120 billion<\/li>\n<li>Koch US$110 billion<\/li>\n<li>Al Saud US$ 95 billion<\/li>\n<li>Ambani US$ 81 billion<\/li>\n<\/ol>\n<p style=\"text-align: left;\"><strong><em>5 Richest Persons in the World:<\/em><\/strong><\/p>\n<ol style=\"text-align: left;\">\n<li>Jeff Bezos US$189 billion<\/li>\n<li>Bernard Arnault US$119 billion<\/li>\n<li>Bill Gates US$115 billion<\/li>\n<li>Mark Zuckerberg US$102 billion<\/li>\n<li>Elon Musk US$93 billion<\/li>\n<\/ol>\n<h3 style=\"text-align: left;\"><strong>TOTAL: US$ 1,239 trillion<\/strong><\/h3>\n<\/blockquote>\n<div id=\"attachment_171546\" style=\"width: 410px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2020\/10\/jeff_bezos.jpg\" ><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-171546\" class=\"wp-image-171546\" src=\"https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2020\/10\/jeff_bezos.jpg\" alt=\"\" width=\"400\" height=\"243\" srcset=\"https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2020\/10\/jeff_bezos.jpg 675w, https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2020\/10\/jeff_bezos-300x182.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-171546\" class=\"wp-caption-text\">Jeff Bezos at a conference. | Photo: Twitter\/ @mrwtffacts<\/p><\/div>\n<p><em>27 Oct 2020 &#8211; <\/em>The New Zealand company Buy Shares published today a study holding that the world&#8217;s five richest families control an accumulated fortune of US$735 billion.<\/p>\n<div class=\"txt_newworld\">\n<blockquote><p><em><strong>RELATED: <\/strong><\/em><a href=\"https:\/\/www.telesurenglish.net\/news\/UNICEF-At-Least-356-Million-Children-Live-in-Extreme-Poverty--20201020-0023.html\"  target=\"_blank\" rel=\"noopener noreferrer\"><em><strong>UNICEF: At Least 356 Million Children Live in Extreme Poverty<\/strong><\/em><\/a><\/p><\/blockquote>\n<p>The study placed the Walton family, which owns Walmart, at the top of its list with a fortune of US$215 billion. They are followed by the Mars family, which owns US$120 billion thanks to its food empire, and the Koch family which reaches third place with US$110 billion.<\/p>\n<p>Behind them are the Al Saud family, whose large oil reserves have generated a fortune of USD95 billion, and India&#8217;s Ambani, from the Reliance conglomerate, with US$81 billion.<\/p>\n<p>Buy Shares recalled that when the focus is placed on the world&#8217;s richest, &#8220;the growing inequalities&#8221; suffered by most of the &#8220;great global economies&#8221; are also detected.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/IMF?src=hash&amp;ref_src=twsrc%5Etfw\" >#IMF<\/a> projects that the pandemic \u201cwill reverse the progress made since the 1990s in reducing global poverty and will increase inequality.\u201d The pandemic is accelerating processes that were already underway. <a target=\"_blank\" href=\"https:\/\/t.co\/IplBsMra4s\" >https:\/\/t.co\/IplBsMra4s<\/a><\/p>\n<p>&mdash; Erik Schreiber (@ErikSchreiber5) <a target=\"_blank\" href=\"https:\/\/twitter.com\/ErikSchreiber5\/status\/1316449996649136133?ref_src=twsrc%5Etfw\" >October 14, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&#8220;Inequalities exist because there are regimes that allow market domination and low taxation of capital, especially in the United States,&#8221; Buy Shares recalled, commenting that extreme income inequality shows that it is necessary to fix capitalism since, in &#8220;some jurisdictions&#8221;, this issue has become an &#8220;explosive political issue&#8221;.<\/p>\n<p>This analysis also confirmed Jeff Bezos, founder of Amazon, as the richest person in the world, with a fortune of US$189 billion, followed by the Frenchman Bernard Arnault, who is the president of the conglomerate of luxury brands LVMH, with US$119 billion.<\/p>\n<p>On the list of the richest people are also Bill Gates (US$115 billion), Facebook founder Mark Zuckerberg (US$102 billion), and Tesla adviser Elon Musk (US$93 billion).<\/p>\n<div>\n<div class=\"ckeditor-em\"><a target=\"_blank\" href=\"https:\/\/www.telesurenglish.net\/news\/The-Worlds-Five-Wealthiest-Families-Control-735-Billion-20201027-0012.html\" >Go to Original &#8211; telesurenglish.net<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>** 5 Richest Families in the World:<br \/>\nWalton US$215 billion<br \/>\nMars US$120 billion<br \/>\nKoch US$110 billion<br \/>\nAl Saud US$ 95 billion<br \/>\nAmbani US$ 81 billion<\/p>\n<p>** 5 Richest Persons in the World:<br \/>\nJeff Bezos US$189 billion<br \/>\nBernard Arnault US$119 billion<br \/>\nBill Gates US$115 billion<br \/>\nMark Zuckerberg US$102 billion<br \/>\nElon Musk US$93 billion<br \/>\n** GRAND TOTAL: US$ 1,239 trillion<\/p>\n","protected":false},"author":4,"featured_media":171546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[867,1023,2170,232,1829,550,1868,555,562,626,610,1624,2059,1864,2198,2060,1213,70,1557,172,1160],"class_list":["post-171545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capitalism","tag-anglo-america","tag-banksters","tag-big-banks","tag-capitalism","tag-coronavirus","tag-corruption","tag-covid-19","tag-elites","tag-finance","tag-greed","tag-inequality","tag-mafia","tag-organized-crime","tag-pandemic","tag-post-capitalism","tag-profits","tag-super-rich","tag-usa","tag-wall-street","tag-west","tag-world-order"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/171545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=171545"}],"version-history":[{"count":1,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/171545\/revisions"}],"predecessor-version":[{"id":284764,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/171545\/revisions\/284764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media\/171546"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=171545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=171545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=171545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}