8 billionaires own the same wealth as the poorest… | tutor2u Economics
In the News

8 billionaires own the same wealth as the poorest half of the world's population - does it matter?

Oxfam have updated their list and comparison of the world's super-rich showing that the top 8 wealthiest people own the same wealth as the poorest half of the world's population. You can see their article here.

Interestingly, the Oxfam announcement has come under a little criticism about its relevance (no-one appears to be questioning the data) and I thought it would be interesting to ask students how they felt about the issue. Does it matter that we have a small amount of super-rich people if, on average, every human being is getting wealthier?

The criticisms of the Oxfam article can be found at a BBC link here.

To stimulate your discussion and by way of a fun starter, I've included an 'Iceberg Challenge' resource downloadable below. Run the Powerpoint slideshow and ask your students whether the next named billionaire has a higher or lower level of wealth than the previous name. Just a little bit of fun! The 8 named billionaires are:

1. Bill Gates (US): co-founder of Microsoft (net worth $75bn)

2. Amancio Ortega (Spain): founder of Zara owner Inditex (net worth $67bn)

3. Warren Buffett (US): largest shareholder in Berkshire Hathaway (net worth $60.8bn)

4. Carlos Slim Helu (Mexico): owner of Grupo Carso (net worth $50bn)

5. Jeff Bezos (US): founder and chief executive of Amazon (net worth $45.2bn)

6. Mark Zuckerberg (US): co-founder and chief executive of Facebook (net worth $44.6bn)

7. Larry Ellison (US): co-founder and chief executive of Oracle (net worth $43.6bn)

8. Michael Bloomberg (US): owner of Bloomberg LP (net worth $40bn)

Subscribe to email updates from the tutor2u Economics

Join 1000s of fellow Economics teachers and students all getting the tutor2u Economics team's latest resources and support delivered fresh in their inbox every morning.

You can also follow @tutor2uEconomics on Twitter, subscribe to our YouTube channel, or join our popular Facebook Groups.

Job board

Subject Leader - Business

The Reach Free School, Rickmansworth, Hertfordshire

Teaching Vacancies

Recruitment

Advertise your vacancies with tutor2u

Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.

Find our more ›

Advertise your teaching jobs with tutor2u

A New Home for tutor2u Resources

We've just flicked the switch on moving all our digital resources to instant digital download - via our new subject stores.

For every subject you can now access each digital resource as soon as it is ordered. This will always be the latest edition of each resource too (and we'll update you automatically if there is an upgraded version to use).

Simply add the required resources to your cart, checkout using the usual options and your resources will be available to access immediately via your mytutor2u account.