Money won't make you happy, or at least, not as
happy as you might think. A study by Princeton University researchers has shown that the link between earning more money and day-to-day happiness is a tenuous one – and extra dollars in your pocket doesn't necessarily translate to spending more time doing the things you enjoy.
March 13, 2007 Forbes magazine does great lists. This week it published a list of the world’s richest people and found there are a record 946 billionaires on the planet and Bill Gates is still numero uno – in a world where success is equated with the accumulation of dollars, no-one plays the game quite as well as Gates, who also donates more money to charity than anyone else in history. Gates has been the world’s richest man for 13 years but could lose the mantle to Mexican Carlos Slim Helu who added an astonishing US$19 billion to his net worth in 2006 and is now just US$7 billion shy of top spot. This year, there were 178 new billionaires and 32 who dropped off the list. The average billionaire is 62 years old, two years younger than in 2005 and 60% of list members made their fortune from scratch. The whole fascinating story can be found here
December 7, 2006 A new study on The World Distribution of Household Wealth by the Helsinki-based World Institute for Development Economics Research
of the United Nations University was launched earlier this week. The study shows the richest 2% of adults in the world own more than half of global household wealth. The most comprehensive study of personal wealth ever undertaken also reports that the richest 1% of adults alone owned 40% of global assets in the year 2000, and that the richest 10% of adults accounted for 85% of the world total. In contrast, the bottom half of the world adult population owned barely 1% of global wealth. The research finds that assets of US$2,200 per adult placed a household in the top half of the world wealth distribution in the year 2000. To be among the richest 10% of adults in the world required US$61,000 in assets, and more than US$500,000 was needed to belong to the richest 1%, a group which — with 37 million members worldwide — is far from an exclusive club.