Chart: All of the World’s Wealth in One Visualization

submitted by magnora7 from visualcapitalist.com

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[–]Tom_Bombadil 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

In 2019, total world wealth grew by $9.1 trillion to $360.6 trillion

Here's some inconceivably bad news (you may have already read this somewhere).

The Biggest Bubble Ever: Global Financial Aggregates Break $1.8 Quadrillion

The bubble is 5x larger than the global net worth.

Also, the derivatives markets are unregulated.

For perspective: If you accumulated money at a rate of $1/sec, then...

1 Millionaire ~11.5 days.
1 Billionaire ~ 32 years.
1 Trillionaire ~ 32,000 years.
1 Quadrillionaire ~ 32 MILLION YEARS.

$1.8 Quadrillion is inconceivable (IMHO).

A couple of years ago friend of mine mentioned his student debt was close to being paid off, and that he was finally a thousandaire.
Big pimpin. ;-)