Global Wealth gaps: Who owns the World

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We are living in a world that is experiencing a huge division in terms of wealth. Billions of people die of hunger each day while billionaires make more billions each year. In any nation we have a government and an economy. Economies give the citizens of the country their daily bread. The government takes a bite of that bread while ensuring they butter the system that leads it to you. That system will include public schools, public transportation, public communication utilities and civil laws that protect workers to name a few.  Have you ever asked yourself what would happen if some of the wealthiest corporations in the world came together to fund the infrastructure of a newly discovered island in order to create an entirely new market from it? It wouldn’t be that hard to get people from other countries to move to the island if they were promised jobs and good social living standards. But it wouldn’t change a thing in terms of personal wealth and inequality. The rich will still remain greedy and comfortable while the poor suffer fear and hunger.

10 percent of the world controls 85 percent of its wealth.

Household-Wealth-Gap5dec06f1

Well, that says a lot about human greed. 10 percent of the world’s adult population (370 million) owns up to 136 trillion worth of the world’s assets and that leave only 30 trillion to the remaining 5.6 billion people. It is a sheer disgrace. It’s like shelving almost every piece of property on the planet to one country like Canada and leaving a few tycoons to be in charge of it all while the rest of the world continues to pile up more wealth for them from the outside. In shorts it’s a depiction of modern day slavery that is brought on through the systems we live in. So who are these 10 percent?

In a wrap these would be;

Company CEOs and Chairmen like

– Bill Gates

– Carlos Slim

– Warren Buffet

– Larry Ellison

Number_of_High_Net_Worth_Individuals,_2011_v4

Most of them established their wealth in natural resources such as oil and minerals, communications and information technologies, retail or financial investments.

These are the most crucial industries in the world. Without them a lot of economy can sink in a matter of days. So, the world is normally out to please them. And that includes all the employees that submit to working for these corporations as opposed to trying to start their own firms and competing with them.

Let’s turn it up a notch.

1 percent of adults own more than 50 percent of household wealth.

This is actually a total of 37 million people.

My country of origin is Kenya. Kenya’s GDP netted to $ 33.62 billion dollars in 2011. This comes from an economy whose made up generally of  agriculture (22%), industry (16.4 %) and services sector (67%).

The country’s GDP almost 20 times less than that of the Switzerland whose population is 5 times less than Kenya’s.

Bill Gates can easily buy acquire Kenya has to offer in a year and remain a billionaire with a chunk of change.

Walmart makes revenues of over 400 billion dollars a year. The supermarket chain can stock everything Kenya produces and still manage to pay its owners wagons of cash in profit.

So let us assess how the most successful companies fair against the least developed countries.

Worth of companies against countries.Country vs company

It is clearly all a case of resource management. With faulty systems poor countries will always be poor while smaller organizations will continue to achieve greater success with efficient and progressive structures.

 

Company Revenue      vs

Country GDP (in billions of dollars)

Exxon Mobil

486.43

63.99

Sudan

Royal Dutch Shell

470.17

45.99

Tunisia

Walmart

446.95

25.64

Cameroon

Sinopec Group

397.78

24.10

Ivory Coast

China National Petroleum Corporation

378.03

19.58

Equatorial guinea

BP

375.52

15.97

Gabon

Saudi Aramco

356.00

15.71

Zaire

Vitol

297.00

14.44

Congo

State Grid Corporation of China

265.96

9.34

Chad

Chevron

253.71

5.89

Somalia

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2 thoughts on “Global Wealth gaps: Who owns the World

  1. the wealth discrepancy is just sickening to think about. Hopefully as the new millenium turns we can continue to see changes that breaks down the inequality. As of now, it seems to go the opposite way as the rich is getting much richer and the poor…well, …it’s just sad

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