We love to compare ourselves to others, and this is especially true when those others happen to be ludicrously rich. Recent studies have shown that the richest 1% now own half of the world’s total wealth – allowing them to maintain lifestyles most of us can only dream of.
According to ABC Finance, during 2017 the world’s billionaires made more money than in any year in recorded history and their wealth increased by 20% to £6.9tn according to research released in October 2018 by UBS. Using the UK’s average salary of £28,600, you will find that Amazon’s Jeff Bezo’s makes this in a mere 28 seconds.
Breaking Down The Earnings Of UK Billionaires
As of 2018, there are 54 UK-based billionaires. Combined, they have a total wealth of £123,731,283,000, which is equivalent to over 6% of Britain’s GDP.
Their businesses range from fashion and technology to chemicals and online gambling, but they do have one thing in common, they’re all unimaginably wealthy.
To illustrate how this breaks down when compared to the average UK salary, ABC Finance has broken this down by how much (and how quickly) three well-known British billionaires earn across the year.
How Much The Best-Known Billionaires Are Earning
While it may be staggering to consider the amount of wealth that the UK’s richest people have amassed, it’s nothing compared to the fortunes of the world’s best-known billionaires.
Here’s a breakdown to show you how quickly the likes of Bill Gates, Mark Zuckerberg and Jeff Bezos earn the average UK wage.
A Worldwide Billionaire Overview
There are over 2,000 billionaires across the world as of 2018 with a head-spinning combined wealth of £6,916,045,500,000 – that’s almost £7tn.
To gain a better understanding of the individuals in this exclusive club, the below map takes a look at the wealthiest people on each continent.