Wealth Odometer

Posted by John Carney, Nov 16, 2006, 12:01pm

I'm loaded.
It's official.
I'm the 107,565 richest person on earth!



How rich are you? >>
We were playing around with this website this morning, gloating over how much richer we are than the rest or world, until we discovered that it cannot compute incomes over $200,000. That's really sad. What's the point of inventing a comprable wealth metric that breaks as soon as you start to make real money?

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Comments

Posted by Boo Ya Na Na, Nov 16, 2006 12:37PM

It's not surprising, since the globalrichlist.com is fundraising propaganda from CARE, trying to guilt you into saving the world. They can't imagine serious wealth.

If a car salesman or the lady at the jewlery store played the "Come on, you can afford it" card, you'd walk out. Why is it okay for chariites to guilt you into buying something?

Posted by Taylor, Nov 16, 2006 2:32PM

Donate to "help the balance". How about the people they want to give money to help the balance by, you know, getting a job.

Posted by ian, Nov 16, 2006 2:52PM

You make $200 K running this site Carney? Damn...

Posted by LauraNYC, Nov 17, 2006 3:56PM

Interesting. Forget the richest. Let's look at America's poorest. Fed Min Wage= $5.15/hr. At 40 hrs/week, 52 weeks per year, our worst case scenario is still in the top 13th percentile.

Posted by Barry Ritholtz, Nov 19, 2006 10:29AM

Wealth is a relative concept -- the fact that you are wealthier than New Zealand shepard or impovished people in Botswana -- or even lower wage folks in Canada or Europe (who all have full medical health insurance via national coverage) tells you very little.

Even w/i the US, the regional differneces are huge. Try living in NYC or San Francisco on $47,480 a year (the amount that puts you in the TOP 1.% world wide, according to the site)

Good luck finding an apartment . . .

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