22 July 2011

What Crisis?

Those who follow the French media will be surprised to learn that Lilliane Bettencourt is not the wealthiest person in France, it is Bernard Arnault. 

With his 29 billion euros in 2011, the wealthiest European was worth 2.2 million years of the French minimum income (and it's fairly high in comparative terms), 9.8 million times the median wealth of an adult in the world, or 51 million times the annual poverty threshold. By contrast, annual spending on unemployment benefits in France was under 27 billion euros in 2006.

It's also interested to note that the combined wealth of this top 10 amounts to more than 160 billion euros, which puts the recent net contribution of the private sector to the most recent Greek bailout package into perspective...

This table was taken here
.

No comments: