So Ordinary Joe’s been really pissed off about how he lost his job and his home, blaming Corporate America’s greed. If we were living in the 18th century, rich people might have met their end. (Can’t relate? Read about the French Revolution, kids.)
But are the rich still as well off as they used to before the whole economic crisis came into play? Not at all.
Forbes figures peg the super rich to have lost $300 billion in the crisis. The 400 richest people are now worth only $1.27 trillion. That’s about the value of 2 million middle-class. To get into the list, you only have to have an empire worth $950 million compared to $1.3 billion last year.
Mind you that it’s not only stock drop and devalued assets that took a toll on the richest’s finances. For some, like Omid Kordestani who made billions in Google, divorce practically booted him off the list.
And you’re moaning about your mortage? Well damn right you should. It’s not like these super rich are homeless and starving.
Source: Forbes
