Rich-O-Meter

Rich-o-meter results for the world:

You are in the 13.45% richest people in the world. There are 807,001,838 people richer than you. There are 5,192,998,162 people poorer than you.

The world’s 225 richest people now have a combined wealth of $1PHP 59INR 85EUR 0.95CNY 7 trillion. That’s equal to the combined annual income of the world’s 2.5 billion poorests people.

Three billion people live on less than $2PHP 117INR 169EUR 2CNY 15 per day while 1.3 billion get by on less than $1PHP 59INR 85EUR 0.95CNY 7 per day. Seventy percent of those living on less than $1PHP 59INR 85EUR 0.95CNY 7 per day are women.

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.

Microsoft CEO Bill Gates has more wealth than the bottom 45 percent of American households combined.

Global poverty is concentrated in South Asia, where half of the world’s poor live. Another quarter live in sub-Saharan Africa, while one quarter live in East Asia, mainly China.

In 1973, the income of the top 20 percent of American families was 7.5 times that of the bottom 20 percent. By 1996, it was 13 times.

Business Week reports that in 1999 top executives earned 419 times the average wage of a blue-collar worker, up from 326:1 in 1998. In 1980, the ratio was 42:1.

Source: Channel4.com