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Sunday, January 4, 2015
The World's Two Richest Men Made $21 Billion Last Year
As everyone from Ted Turner to Drake has said, the hardest part of getting rich is making the first million. The rest just comes naturally.
The fact that wealth begets more wealth was illustrated once again last year by Bill Gates and Warren Buffett, currently the two richest people on Earth. According to Bloomberg, the pair finished 2014 a combined $21.1 billion richer than when the year began. (Gates' fortune rose $8.1 billion to a total of $86.6 billion. Buffett's rose $13 billion; he's now worth $73.8 billion.)
Gates and Buffett are aware of their privilege. They have both advocated for higher taxes on the wealthy. They have also poured billions of their own money into the Bill & Melinda Gates Foundation, one of the world's largest funders of charitable causes like infectious disease research, poverty reduction, and (more controversially) education reform.
Source: Mother Jones