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Wealth of World’s Billionaires Doubles Since 2009

By Andre Damon

Even as workers in the US and other countries have seen their incomes
plummet, the combined net worth of the world’s billionaires has doubled
since 2009, according to a report published Tuesday by UBS and
Wealth-X, a consultancy that tracks super-rich individuals.
The collective wealth of the world’s billionaires hit $6.5 trillion, a
figure that is nearly as large as the gross domestic product of China,
the world’s second-largest economy. The number of billionaires has grown
to 2,170 in 2013, up from 1,360 in 2009, according to the report.
The vast enrichment of this social layer has been driven by surging
stock markets, fueled by the “easy money” and money-printing operations
of the US Federal Reserve and other central banks. This process is
intensifying. Last week the European Cen

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Added: Nov-12-2013 Occurred On: Nov-12-2013
By: omniradar
In:
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Tags: 1%, Greed, Bankers, Middle Class Wipe Out, Vipers,
Location: United States (load item map)
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