> But this group’s combined wealth, at US$4.8 trillion, accounted for 41% of the total billionaires’ wealth and was just shy of the annual market value of the J

> But this group’s combined wealth, at US$4.8 trillion, accounted for 41% of the total billionaires’ wealth and was just shy of the annual market value of the Japanese economy, the third largest in the world, according to the report. Little rant about reporters who don't know what they're talking about. Talking about a fixed amount of money verses an annually recurring value makes no sense. If they want to compare them they should either convert the annual GDP to an estimated capital value (discount the cashflow into a present value) or convert the billionaires capital into an annualized flow. I'm using 4-8% annualized return for discounting. eg: $4.8Trillion is somewhere between $192B and $384B of annualized flow... which makes it less than a 10th of Japans economy. Eg2: Japans Economy likely represents between $120T and $240T of assets/capital.