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Yeah, the big headline claim of Forbes' billionaires list from 2023 at https://www.forbes.com/billionaires/ https://www.forbes.com/billionaires/ is that half th
by makomk 3y ago
Yeah, the big headline claim of Forbes' billionaires list from 2023 at https://www.forbes.com/billionaires/ https://www.forbes.com/billionaires/ is that half the billionaires on the list lost wealth over the previous year and that in total they were worth less than a year ago. I don't think that's adjusted for inflation either, unlike claims about workers' pay getting worse. There was also a drop off in billionaires' wealth in 2020, which coincidentally is where a lot of claims about the rich getting richer from organisations like Oxfam and publications like the Guardian start measuring from.