Money invariably finds its way back to same pockets

Out of total 2755 total billionaires worldwide 86% are richer than they were a year ago with $5 trillion increase in wealth in 2020.

One person’s loss is another person’s gain. You have heard, I know. Would you be surprised if I tell you that the ‘one’ person who loses and the ‘other’ person who gains are generally the same? People who were poor before pandemic are still poor and people who were wealthy have become wealthier. Wealth might shift from one wealthy person to another but it remains in the same pool. Funny, isn’t it?

Jezz Bezos lost his No.1 richest man’s title recently to Bernanrd Arnault. In the most recent article (2/8/21) Katherine Wiles has stated that the French Tycoon Bernard Arnault has claimed the No.1 spot of the ultra-wealthy from Jeff Bezos whose net worth tumbled by $13.9 billion in one day due to less-than-anticipated second quarter growth.

We assumed that a global pandemic and economic recession would set the luxury goods market back a bit, but Arnault remarkably grew his wealth by nearly $100 billion during first year of pandemic. Arnault’s net worth sat at $195.8 Billion as of Monday, while Bezos’ hovered at $192.6 billion. Bezos is the first person ever to be worth $200 billion, as Amazon enjoyed big gains from pandemic lockdowns.

Out of total 2755 total billionaires worldwide 86% are richer than they were a year ago with $5 trillion increase in wealth in 2020. 

“Whatever the circumstances, one is losing and other is gaining.” The real question is where do we belong?

If we divided all the money in the world equally, in a short time the rich would be rich again, and the poor would be poor. Many people think that if they could just get their hands on a large sum of money, they would be set for the rest of their lives. Money invariably finds its way back to same pockets.