When we first reached ‘millionaire status’ I was pretty excited. As I wrote later, while our inflationary world doesn’t mean we live like Rockefellers, Vanderbilts, or other millionaires of old, it still put us in the top 0.56% of the world, in terms of wealth.
I hope it’s not too crass to compare oneself to see where one falls in the world on this measure (check out Globalrichlist.com to see where you fall), but the concept of wealth inequality isn’t new at all. After all, 250 years ago, 99% of all people on the planet lived in what we would today call abject poverty and were divinely ruled by less than a dozen king’s, queens, emperors, and tsars.
Many of these folks were among the richest of all time and I thought this chart (from TitleMax) was an interesting look at global wealth through history. How would you like to be Augustus Caesar’s financial planner and keep a 0.5% share of his trillions as an annual fee?
Image Credit: Pixabay