@Albert....2 issues with the arab oil money....firstly most of it is held by large families so it is split, and secondly much of that wealth is in privately owned businesses where there isn't a rigorous public valuation process etc so quite hard to audit. Eg how much money does the King of Saudi Arabia have? The answer is no-ones business!!
The more the nations money is spread out the less chance of billionaires, probably if everyone in the USA had a few hundred thousand dollars in the bank they wouldn't have so many billionaires.
Qatars high incomes are also a relatively new occurrence. Some of these other countries have had many decades of robust trade. Most ppl don't become billionaires in one life time, they build on family wealth over several generations.
India, Israel and Turkey suprised me. But Switzerland? That's the poorest country in Europe so the fact might've been a little off. And Taiwan? That's part of China according to the United Nations.
What makes you think Switzerland is the poorest country in Europe? It's one of the wealthiest in the world, with the 19th largest economy (2011) y - not bad for a country with about 8 million people...
lol Switzerland is a world leader in banking, pharmaceuticals, processed foods, engineering. It is home to some of the worlds most successful companies and Basel is frequently ranked the richest city in Europe.
Upon reading this comment I went through a wormhole to an alternate universe where Switzerland was the poorest country in Europe. Such devastation. I don't want to say I'm glad to be back, but re.
I'm guessing many of the very rich people in Monaco won't be citizens of Monaco. But I don't know if many billionaires, if any, live there as it has a low population.
^ Even if they don't "live" there, I'm sure that the billionaires (many of whom are globe trotters anyway), have a Pied-a-terre in Monaco for tax purposes. And, it would be counter-intuitive for them to then broadcast their wealth so that it can be quantified by jet punk.
British aid is mostly given to private associations and our government never asked for any aid and don't forget how British were earning in 18th and 19th century..... by stealing our money. And if you think Indians don't donate money then an example is that Ratan Tata donates 64% of his annual income. British are just fixing their earlier deeds by donating.
I don't know what you're talking about. I've got a million krónur in my bank accounts. Granted, that's barely enough to buy a used car, but still, I'm an Icelandic millionnaire. And if I could find a bureau de change, I could be a Vietnamese millionnaire just on what's in my wallet. Granted, 1 000 000 đồng is about £30, but still.
If you're going by Zimbabwean Dollars I'm a multi-trillionaire! too bad it all amounts to like a couple dollars. No seriously, 100 trillion Zimbabwean Dollars is 40 US cents.
Yes, China would like to conquer Taiwan and incorporate it into their country. China has also convinced most of the other countries not to recognize Taiwanese statehood. But Taiwan remains, in any way that matters, an independent country.
^ what is comment supposed to mean, baby? You think that the government of the Republic of China that fled to Taiwan were colonizing it? Or... that Maoists were colonists? Or that Taiwan's claims on China or China's claims on Taiwan are somehow rooted in colonialism? Did you get Taiwan mixed up with Hong Kong or Macau and missed the memo that China reclaimed both? I'm genuinely confused.
According to this quiz, Sweden has more billionaires per capita than the US does, but that can't be right. I keep hearing from reliable sources that Scandinavia's superior education, healthcare, environmental, and welfare programs are not worth it because it's just a socialist hellscape where it's impossible to make money.
For the average person, it's quite true. There are more millionaires per capita in US than Sweden. There's also higher economic mobility.
Swedes pays a lot for the additional government benefits. If I were to work in my company's Stockholm office, after taxes, I'd earn about 37% as much as I currently do in the US . In addition, every import item would be more expensive.
Yes, but how much less would you spend in expenses if your family's healthcare and education were covered? My original comment was mostly tongue-in-cheek because I know people who seriously think Sweden is on the verge of having bread lines, but I think Americans often do the math wrong because we are so conditioned to think of everything in terms of income. I think a better metric is how much the average person can *save* in an average year. For the average American, the numbers are pretty abysmal. I have no idea what it's like in Sweden or anywhere else, but I am a lot more concerned what I have left after expenses than what's printed on my paycheck.
Me personally? I paid about $35k for my college education purely from internships which pay vastly superior than Sweden's. All my healthcare combined averages out to about negative $2500 a year (my employer gives me free insurance + $3k/yr in HSA). So all in all, roughly break even.
After taxes and expenses, I'm able to save roughly 40% of my gross pay which is already higher than the entirety of my take-home if I were to live in Sweden.
I meant the generic "you" (which should really be "one"), but that is very impressive. I am curious to know what kind of employer pays for your health insurance.
I work at Google; the insurance plan is called gHip. IMO the US is the absolute best country with a guaranteed path towards success even if you start out with essentially nothing due to how highly paid professionals are - you don't have to strike it lucky with entrepreneurship.
If you're referring to economic freedom - I think you are - then you are incorrect on this point. As you can see in this list, Sweden actually ranks higher than the US as do several other countries. Not to say the US is a bad place to be successful (it is in the highest category), but it is not at the top. https://en.wikipedia.org/wiki/Index_of_Economic_Freedom
Surprised no gulf countries. Then again, those rich princes aren't obliged to disclose their earnings so I guess it's just because there's no data. I've heard rumors that the king of Saudi Arabia might be a trillionaire.
EDIT: Double checked. 1.4 trillion is the net worth of the whole royal family, not the king alone.
United States China Germany India Russia United Kingdom Brazil France Canada Taiwan Italy South Korea Japan Switzerland Australia Thailand Sweden Spain Turkey Singapore Israel
Moldova is poorest. Switzerland is ON TOP with norway
That would make him richest man in the world but funny nobody talks about the Rothschild family combined over trillion
Screwed up really badly.
damn
Swedes pays a lot for the additional government benefits. If I were to work in my company's Stockholm office, after taxes, I'd earn about 37% as much as I currently do in the US . In addition, every import item would be more expensive.
After taxes and expenses, I'm able to save roughly 40% of my gross pay which is already higher than the entirety of my take-home if I were to live in Sweden.
EDIT: Double checked. 1.4 trillion is the net worth of the whole royal family, not the king alone.
Scoring
You scored 18/21 = 86%
This beats or equals 59.1% of test takers
The average score is 17
Your high score is 18