the richest people in the world - VeggieBoards
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#1 Old 10-22-2003, 01:23 PM
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I just found this site, it's amazing... [sorry if it's already been posted I can't keep up anymore ]



Global Richlist http://www.globalrichlist.com/



If you're fascinated by the lists printed in the colour supplements of the worlds wealthiest people, you'll find this enlightening. Type in your own annual salary to find out where you're placed on a scale from the richest person to the poorest person in the world. You'll find that you're a lot closer to Bill Gates than you might expect!
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#2 Old 10-22-2003, 01:27 PM
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Hey Spud! Long time no see, we were just dicussing how we've missed you.
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#3 Old 10-22-2003, 01:27 PM
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I'm in the richest 6.6%. They make a good point that even small donations can do a lot in poor countries.
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#4 Old 10-22-2003, 01:33 PM
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I'm in the top 13.27% richest people in the world. But I'm probably richer than that even, because it doesn't count my house, car, clapped out computer and seven pairrs of wellington boots!



Hi, Bank, hope you were saying good things about me, where do these conversations take place?
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#5 Old 10-22-2003, 01:34 PM
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Wow, I'm in the 0.48 percent category. I don't know the significance of that though; why do I have trouble paying my kid's tuition then? It MUST be too expensive, I'll point that out to them today . . . .
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#6 Old 10-22-2003, 01:35 PM
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Quote:
Originally Posted by spud View Post

I'm in the top 13.27% richest people in the world. But I'm probably richer than that even, because it doesn't count my house, car, clapped out computer and seven pairrs of wellington boots!



Hi, Bank, hope you were saying good things about me, where do these conversations take place?



Spud, who could contemplate anything else?



It's in the MIA thread
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#7 Old 10-22-2003, 01:43 PM
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In in the .707%....actually I'm the 43,469,565 richest person in the world. I thought this was interestesting towards the bottom of the site:



Three decades ago, the people in well-to-do countries were 30 times better off than those in countries where the poorest 20 percent of the world's people live. By 1998, this gap had widened to 82 times.
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#8 Old 10-22-2003, 01:48 PM
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I´m the 886,261,320th richest person in the world. For those who would like to know, that number is ocho cientos, ochenta sies millones, doscientos setenta uno mil, trescientos viente.

Q: How many poets does it take to change a light bulb? A: 1001...one to change the bulb, 1000 to say it's already been done.
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#9 Old 10-22-2003, 02:09 PM
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I'm in the top 10.89% richest people in the world

There are 5,346,597,671 people poorer than me

I am the 653,402,329 richest person in the world
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#10 Old 10-22-2003, 02:13 PM
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I typed in my husbands income and came up very well, however we have a large family, so should I divide by 7? lol.



I typed in a thousand dollars, just for the heck of it and it came up in the top 44%.



I don't see how more than half of the world lives on less than a thousand dollars per year. I doubt their dollars are the same as our dollars, because there is no way someone in the US could live on $83 per month.



So, although I don't doubt much of the world lives in extreme poverty...it seems impossible to make a good comparison.



I know a very poor person. They make $300 per month. Half goes to rent and half goes to food. I doubt one could survive on much less in the US.
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#11 Old 10-22-2003, 02:40 PM
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It keeps asking me to type in a number, when I already have. *******.
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#12 Old 10-22-2003, 02:50 PM
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Interesting. When you type in $1,000,000 it says you're the 107,565th richest person in the world.



I'd assume there are a lot more millionaires than that. Wow.
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#13 Old 10-22-2003, 02:53 PM
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Originally Posted by BigWaxJesus View Post

It keeps asking me to type in a number, when I already have. *******.



It did the same for me until I quit putting commas in there, just the numbers.
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#14 Old 10-22-2003, 02:55 PM
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Originally Posted by Bankruptor View Post

It did the same for me until I quit putting commas in there, just the numbers.



Aah, I see. Thanks.



edit: I must be typing in a made up number. It still won't work.
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#15 Old 10-22-2003, 02:56 PM
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Originally Posted by mikie View Post

Interesting. When you type in $1,000,000 it says you're the 107,565th richest person in the world.



I'd assume there are a lot more millionaires than that. Wow.



In order to generate $1,000,000 in annual income you'd have to have far more than 1,000,000 in assets, assuming that the income came from interest or dividends. If you were making a 1,000,000 a year salary that doesn't mean you're a millionaire either, I think the definition means that you have assets worth at least a million, right?
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#16 Old 10-22-2003, 02:58 PM
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Originally Posted by Bankruptor View Post

In order to generate $1,000,000 in annual income you'd have to have far more than 1,000,000 in assets, assuming that the income came from interest or dividends. If you were making a 1,000,000 a year salary that doesn't mean you're a millionaire either, I think the definition means that you have assets worth at least a million, right?



You're right. I didn't realize it wanted yearly salary!
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#17 Old 10-22-2003, 02:58 PM
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Quote:
Originally Posted by Bankruptor View Post

In order to generate $1,000,000 in annual income you'd have to have far more than 1,000,000 in assets, assuming that the income came from interest or dividends. If you were making a 1,000,000 a year salary that doesn't mean you're a millionaire either, I think the definition means that you have assets worth at least a million, right?



Correct.



Due to 401K plans and the like, there is a buttload of millionaires in the US.
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#18 Old 10-22-2003, 03:06 PM
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In fact, many financial pundits recommend 1,000,000 as a good retirement savings goal for a couple. Not that hard if you start young.
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#19 Old 10-22-2003, 03:38 PM
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Originally Posted by Thalia View Post

In fact, many financial pundits recommend 1,000,000 as a good retirement savings goal for a couple. Not that hard if you start young.



(cough cough) . . . uh, er, ah . . . . .





Bank, ever thankful for, and respectful to, flush relatives.
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#20 Old 10-22-2003, 03:54 PM
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Wow, if your annual income is 868 dollars, you are just about in the middle, 50% of the world's pop makes more than you, 50% makes less.



I wonder if they are including all the children under 10 years old whose annual salary is zero, in the number of people that make less than you?
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#21 Old 10-22-2003, 03:56 PM
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The power of compounding and the smart move of diversification of assets. Yep, me..retiring at 50.
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#22 Old 10-22-2003, 05:57 PM
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I'm (not including my husband's wages) in the top 11.1%. I'm the 666,338,940 richest person in the world.



Thanks for the link. This is quite an eye-opener and a good reminder of just how blessed we all are.
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#23 Old 10-22-2003, 06:01 PM
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Bankruptor writes:

================

I think the definition means that you have assets worth at least a million, right?

===============



Nope. A millionaire is someone whose equity, whose net worth, is a million or more. Equity is defined as assets minus liabilities. If you had 200,000 in liquid assets such as bank accounts, stocks, and bonds, and 800,000 in real property and other fixed assets such as a factory, and equipment in the factory, and a house, and you had 950,000 that you owe, that you borrowed to buy the factory, the house, and the equipment, you would have assets worth 1,000,000,000, but a net worth, equity, of only 50,000. Doesn't matter what your annual salary is, if you spend your whole salary on expenses, instead of acquiring fixed assets or increasing the value of liquid assets. You could have a 1,000,000 annual salary, and if you blew the whole thing on food, interest payments, and entertainment, your net worth would still be 50,000. I would think a bankruptcy lawyer would know that?



-- double-entry accountant
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#24 Old 10-22-2003, 07:05 PM
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Soilman ... He didn't need to get that specific. Most people understand that when you owe on a house it's not really yours till it's paid off.
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#25 Old 10-22-2003, 07:42 PM
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Soilman, yes, I assumed that was a given. Equity in assets (value minus secured debt) are the only true value of worth to the holder, and it's all that's considered with bankruptcy exemptions. Unlike with accounting determinations, though, unsecured debt isn't offset against an asset determination since unsecured creditors have no lien or other claim against any collateral, and their claims are subject to discharge without recourse.



I would think that an accountant would KNOW that . . . .
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#26 Old 10-22-2003, 08:47 PM
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You are in the top 11.31% richest people in the world.

There are 5,321,319,534 people poorer than you.



My fiance



You are in the top 3.52% richest people in the world.

There are 5,788,573,913 people poorer than you.





I'm happy I started donating to a community assistance program... (I'm assuming this thing is in US dollars too).



A lot of people in the world are allocated $100 a year to live... and they struggle to survive, yes.
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#27 Old 10-23-2003, 12:15 AM
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That's interesting to see it this way. My husband is letting me make a big donation to a charity of my choice every 6 months (as long as we get a tax deduction on it), if it was up to me, I'd be donating alot more.



This year:

You are in the top 0,001% richest people in the world.

I'm the 107,565 richest person on earth! (Heh, I doubt that.)



I just have to add that I've been pretty happy all my life, it doesn't matter when I was a starving poor college girl, or working, or retired from work. I must say the unhappiest part of my life was when I was making the most though, working 70-80 hour weeks and traveling.
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#28 Old 10-23-2003, 07:11 AM
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Feeling rich isn't in the numbers of your bankaccount.



Well it isn't for me.
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#29 Old 10-23-2003, 07:26 AM
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shewolf and other non-US citizens, did you convert to American dollars first?
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#30 Old 10-23-2003, 09:12 AM
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I'm in the top 7.22%.



I donate to charity, too.
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