Wealth (How the billionaires live)

7/21/2014 1 (SADA)
SOCIAL ANALYSIS & DIRECTIVE ALTERNATIVES
Definition of 'Wealth'


A measure of the value of all of the assets of
worth owned by a person, community,
company or country. Wealth is calculated
by taking the total market value of all the
physical and intangible assets of the entity
and then subtracting all debts.

IS IT A SYMBOL OF WEALTH?
11 Facts About Global Poverty

1. Nearly 1/2 of the worlds population more than 3 billion people live on less than $2.50 a
day. More than 1.3 billion live in extreme poverty, that's less than $1.25 a day.
2. 1 billion children worldwide are living in poverty. According to UNICEF, 22,000 children die each
day due to poverty.
3. More than 1 billion people lack adequate access to clean drinking water and an estimated 400
million of these are children. Because unclean water yields illness, roughly 443 million school days
are missed every year.
4. In 2011, 165 million children under the age 5 were stunted (reduced rate of growth and
development) due to chronic malnutrition.
5. 870 million people worldwide do not have enough food to eat.
6. Preventable diseases like diarrhoea and pneumonia take the lives of 2 million children a year
who are too poor to afford proper treatment.
7. As of 2011, 19 million children worldwide are not vaccinated.
8. 1/4 of all humans live without electricity approximately 1.6 billion people.
9. 80% of the world population lives on less than $10 a day.
10. In 1998, the UN estimated that it would take $40 billion annually to offer basic education, clean
water and sanitation, reproductive health, and basic health and nutrition to every person in every
developing country. That would be about $58 billion today.
11. The World Food Programme says, The poor are hungry and their hunger traps them in
poverty. Hunger is the number 1 cause of death in the world, killing more than HIV/AIDS, malaria,
and tuberculosis combined.

Facts About Billionaires
1. THE RICH ARE RICHER
During the last year the total amount of money controlled by billionaires reached a record value of $ 5.4 BILLION compared to $ 3.5 trillion in 2007. Not to mention
the members of the royal family and politicians. The list of billionaires has 200 NEW MEMBERS, and now has 1,426 names in total. The low interest rates on loans,
volatility in the stock market and property market recovery: all this helped the rich to recover their losses and even multiply their fortunes, reports 'Vesti Finance' to
RT.
2. A MILLION IS VERY LITTLE
Today a MILLION DOLLARS IS NOT SYNONYMOUS TO WEALTH. A man or woman who has devoted much time and effort to "make the first million," today will not
enjoy the attention or respect of the rich.
3. EQUALITY DOES NOT EXIST!
Of the 1,426 billionaires only 138 ARE FEMALE. Only 4% of the entire list of CEOs of companies 'Fortune 1000' are women. Experts suggest that men often are more
motivated by the desire to please the girls. It is assumed that this was the path chosen by MARK ZUCKERBERG.
4. APRIL. BILLIONAIRES HAVE THE BEST EDUCATION
According to statistics, American billionaires have better education. A typical billionaire born in a happy family, receives an EXCELLENT EDUCATION, and thus gain an
advantage over their equally talented peers. Outside the U.S., the situation is often similar.
5. WASTAGE IS NOT A CRIME
Billionaires do not hesitate to MAKE PURCHASES, which then cause irritation in the press worldwide. A common person would believe that buying luxury items is a
waste. However, if you compare the cost of things and the income of billionaires, it is often not seen as more than the rest of us.
6. BETTER LIVE TOGETHER THAN DISTRIBUTE THE MONEY
The billionaires rarely have time for a divorce. 84% OF BILLIONAIRES ARE MARRIED and only 8% are divorced. In comparison, in U.S. 40-50% of marriages end in
divorce.
7. HARD TO WIN 1,000 MILLION IN THE TRADE MARKET
To win 1,000 million in 20 years, you will first have to invest $ 65 MILLION IN SECURITIES, experts say. They explain that it is easier to get rich quickly by opening your
own business and pulling it out to the trade market. This is the case of most of the big companies today such as Facebook.
8. BILLIONAIRES EVADE TAXES
No accurate statistics describing how often billionaires evade taxes. One reason is that there are many ways and some of them are legal. The law seems to be done
for the rich.
9. MUCH MONEY DOES NOT BRING HAPPINESS TO FAMILIES
The relationships in many of the wealthiest FAMILIES ARE DISTORTED, since they are built around money, rather than the personal qualities and affection for one
another. For example, Australia's richest woman, Gina Rinehart, is being SUED BY HIS OWN SONS for trying to delay the time to inherit her fortune.
10. THE CHILDREN WILL NOT RECEIVE ANYTHING
A new trend log: LEAVE NOTHING TO HEIRS. Warren Buffett pledged to give away 99% of his fortune to others rather than to their own children so that they learn
the necessary conditions for a successful life. Barron Hilton, David Rockefeller, Ronald Perelman and other billionaires have joined this movement and also promise
to give up an important part of their capital.

Sociological Impacts
Social class is not identical to wealth, but the
two concepts are related (particularly in
Marxist theory), leading to the combined
concept of Socioeconomic status.