The 50 richest families in the world have a combined net worth of $1.2 trillion. The Koch family, the second richest name on the list, is worth a staggering $100 billion. For many families, it isn’t just about success and business growth, but the business of building wealth through loopholes like philanthropy and loose taxation laws.
Facebook founder and CEO, Mark Zuckerberg added $41 billion to his wealth over the past year. And that’s nothing compared to what Tesla CEO, Elon Musk raked in: $157 billion. The majority of humans on the planet can’t even fathom earning that amount of money. Yet, for many in the top .01 percent, it’s a never-ending cycle of holding onto and building their wealth for generations to come. As the rich get richer and take up a bigger piece of the pie, what’s left for the rest of us? How can leaders and laws slow this extreme wealth inequality?