Statistics_Data_Facts

In June 2016, Bill Gates topped the Forbes list with a fortune of $88.8 billion (roughly $123.9 billion adjusted for inflation). At the time, that was treated as a number almost too large to picture. A decade later, it wouldn't crack the world's top five. Michael Dell holds fifth place in 2026 with $234.5 billion. That is nearly double what made you the richest human alive in 2016. Jeff Bezos, in fourth, has more than doubled his own 2016 total. And at the top, Elon Musk's net worth has passed $1.2 trillion: roughly ten times what it took to be the richest person on Earth just ten years earlier. Numbers this large lose practical meaning and become abstract concepts. Wealth accumulates in a way that compounds faster than almost anything else in the economy: wages, prices, GDP. Wages are linear and capped by hours in a day, while assets compound. A salary buys groceries and pays rent; an investment portfolio generates returns that get reinvested, generating further returns, i...

This week we take a look at income distribution trends in the United States. Before we start, we should make clear what an income percentile is: Percentiles divide the data into 100 equal groups.   So for example if we say that a person is on the 75th income percentile (75th%), what it means is that if we gather 100 people from the general population inside a room, 75 of those will have a lower income than that person, while the other 25 of them will have a greater income.  There has been much talk lately about income inequality and the top 1% but just how far has the working class been left behind by the current economic status quo? According to  research from RAND.org, if workers below the top 10% of the income distribution, had grown at the same rate as the overall economy since 1975, they would have collectively earned $2.5 trillion more in 2018, 67% higher than their actual 2018 earnings. The income of wo...

2020 race digital ad spending As of Feb 3, 2020 the total digital ad spending for the 2020 race is as follows: Mike  Bloomberg  $60,195,301  Donald Trump  $39,390,712  Tom Steyer  $27,933,507  Pete Buttigieg  $13,137,347  Bernie Sanders  $12,643,874  Elizabeth Warren  $10,964,673  Joe Biden  $5,906,470 Tulsi Gabbard  $2,842,232