4 ms·

In Europe it's the same. It is the same companies, everywhere. https://www.forbes.com/sites/bruceupbin/2011/10/22/the-147-companies-that-control-everything/ ht

• tristor 4y ago
  It hasn't been updated in a long time (and there has been further consolidation), but a site someone built many moons ago to show this based on board of directors membership is https://theyrule.net/ https://theyrule.net/ The reality is probably less than 10000 people globally control more than half the wealth in the world, these people control that wealth both individually (billionaires) and professionally (fund managers and board members). This is a result of unequal outcomes from the rise of globalization and the Internet. The world is a more interconnected place, including in finance and business, which squeezes out smaller players and rewards more handsomely cooperation on a global scale. Nonetheless, all of the evidence, at least in the US, points to small business ownership as being one of the best pathways to financial independence and familial wealth. It is not necessary to create a globally recognized publicly traded company and to become a billionaire to set your family up for success in a way that is not open to most in the world, you can do this simply by finding a niche and excelling in either global niche markets or in your local market.