Wouldn’t that be great? Porsches for everyone! Well, not really. Perhaps some groceries in most cases.
An interesting little experiment. We’re guessing that the interns at Bloomberg needed something to do one afternoon.
The index shows how the net worth of each country’s wealthiest person compares to the livelihood of his fellow countrymen by calculating the lump sum in dollars each person living in poverty would get if the assets of the richest citizen were liquidated and redistributed. The Bloomberg Billionaire Index and the CIA World Factbook were our reference points.The net worth of Bill Gates would turn into a one-off payment of $1,736 if distributed to the neediest 15 percent of Americans.