Day: September 15, 2022

Mapped: The World’s Billionaire Population, by Country

This post is by Avery Koop from Visual Capitalist

Data visualization showing the world's billionaire population by location

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Visualized: The World’s Billionaire Population

The world’s billionaires—only 3,311 individuals—represent almost $11.8 trillion in wealth. The global billionaire population continued to grow in 2021, increasing by 3%. Over the same period, billionaire wealth also increased by 18%.

This map uses data from the Wealth-X Billionaire Census to visualize where the world’s billionaires live and breaks down their collective wealth.

Note on methodology: The report uses proprietary data from Wealth-X. Billionaire status is determined by assessing an individual’s total net worth, including publicly and privately held businesses and investable assets. To determine a billionaire’s location, Wealth-X used their primary business address.

Billionaires by Region

We’ll begin by zooming out to look at how various continents and world regions rank in terms of their billionaire population.

North America is home to most billionaires, worth $4.6 trillion. The U.S., unsurprisingly, accounts for the majority of this wealth, with 975 billionaires and a collective net worth of $4.45 billion.

RankRegionNumber of billionairesCollective Billionaire Wealth
#1North America1,035$4.6 trillion
#2Europe954$3.1 trillion
(Read more...)

The Adversity Quotient

This post is by Collab Fund from Collab Fund

A friend recently shared an article from The Harvard Crimson’s 2022 “Senior Perspectives,” which is a publication that provides an opportunity for graduating varsity athletes to reflect on their careers. This particular article was authored by a senior named Charlie Olmert.

To my surprise, Olmert didn’t highlight a big goal or an Ivy League title. He didn’t reflect on helping his team make the NCAA tournament for the first time since 2014 or being elected captain his senior season. Instead, he pointed to a text his grandfather would send him after each game.

This quote was from the final stanza of a 19th century poem by Alfred Lord Tennyson named “Ulysses” in which Ulysses reflects on his life shortly after returning from the Trojan War. It reads,

Tho’ much is taken, much abides; and tho’
We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield

After reading these lines, I immediately wondered why? Why did Olmert’s grandfather choose a poem about the hero from Homer’s The Odyssey?

The fact that he has been a Classics professor at The University of Maryland for more than three decades sheds some light, but it doesn’t explain why he chose these precise lines. As I read on though, the answer revealed itself.

While Olmert had been a (Read more...)

It’s All About the Money (Movement): Simplifying Cross-Border Payments

While Elon Musk is working on taking humans to Mars, the way people and businesses move money internationally has not changed in decades. Whereas we can now tap our credit cards to pay for domestic goods and services, making a

The post It’s All About the Money (Movement): Simplifying Cross-Border Payments appeared first on Andreessen Horowitz.

This is definitely an interesting take

This is Joseph.

Parody, has gone here to die:

Paywalled but you can read it here:
When the yacht was commissioned in the 1950s, Her Majesty turned down the initial design as too lavish. She wanted simplicity and would disembark for picnics with the Tupperware on remote beaches in the Western Isles.


 Her dresser, Angela Kelly, explained that once an outfit had become familiar to the public, the Queen would recycle it to wear at Sandringham fêtes.

Her shoes and handbags dated back to the 1950s. She didn’t mind anyone seeing the £30 electric heaters in the Audience Room at Windsor or knowing of her preference for shallow baths — seven inches at 22C, adopted by her father George VI at Buckingham Palace during the war.

So you have a person who has a yacht, even a modest one, an audience room, and a dresser. It might be that she is projecting a helpful attitude but actual poor people lack the luxury of these things. Actual poor people don't have pets to spoil or Land Rovers as vehicles:

The Queen didn’t have to fake her naturally parsimonious nature. She championed the Land Rover for its durability and the fact that she could mend the engine herself. Not for her, her grandchildren’s new Range Rover SUVs. Only the corgis were spoilt: the story of Prince Andrew being made to retrace his steps after returning from a long walk as a child without their leads, while the dogs remained to eat (Read more...)

Best of Panic With Friends: Ted Merz – Journalist Turned Product Manager, Former Global Head of News at Bloomberg on Financial Journalism and Information Dissemination in the Age of Social Media

This post is by Howard Lindzon from Howard Lindzon